Sussex Bancorp (SBBX) Issues Earnings Results

Sussex Bancorp (NASDAQ:SBBX) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02, Fidelity Earnings reports. The business had revenue of $13.63 million for the quarter, compared to the consensus estimate of $13.10 million. Sussex Bancorp had a net margin of 12.94% and a return on equity of 8.98%.

Shares of SBBX stock traded up $0.20 during mid-day trading on Thursday, reaching $30.15. 18,980 shares of the company’s stock traded hands, compared to its average volume of 23,881. Sussex Bancorp has a 12 month low of $19.75 and a 12 month high of $32.85. The stock has a market cap of $239.47, a PE ratio of 21.27 and a beta of 0.44. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67.

A number of analysts have recently commented on SBBX shares. Keefe, Bruyette & Woods cut shares of Sussex Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 27th. Zacks Investment Research cut shares of Sussex Bancorp from a “strong-buy” rating to a “sell” rating in a report on Friday, February 9th. Hovde Group cut shares of Sussex Bancorp from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a report on Monday, March 5th. Finally, ValuEngine cut shares of Sussex Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, March 1st.

In other news, CEO George Lista sold 2,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $29.11, for a total transaction of $58,220.00. Following the sale, the chief executive officer now owns 78,553 shares in the company, valued at approximately $2,286,677.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 10.50% of the company’s stock.

About Sussex Bancorp

Sussex Bancorp operates as a bank holding company for Sussex Bank that provides commercial banking and related financial services to individual, business, and government customers. It operates in two segments, Banking and Financial Services, and Insurance Services. The company's deposit products include personal and business checking, money market, and savings accounts, as well as time and demand deposits.

Earnings History for Sussex Bancorp (NASDAQ:SBBX)

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