George Lista Sells 2,000 Shares of Sussex Bancorp (SBBX) Stock

Sussex Bancorp (NASDAQ:SBBX) CEO George Lista sold 2,000 shares of Sussex Bancorp stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $29.11, for a total value of $58,220.00. Following the completion of the sale, the chief executive officer now directly owns 78,553 shares of the company’s stock, valued at $2,286,677.83. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sussex Bancorp (NASDAQ:SBBX) opened at $29.25 on Wednesday. Sussex Bancorp has a 12-month low of $19.75 and a 12-month high of $29.70. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $232.68, a price-to-earnings ratio of 20.31 and a beta of 0.49.

Sussex Bancorp (NASDAQ:SBBX) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Sussex Bancorp had a return on equity of 9.29% and a net margin of 12.94%. The business had revenue of $9.83 million for the quarter, compared to analyst estimates of $9.80 million. research analysts anticipate that Sussex Bancorp will post 1.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, February 6th. This represents a $0.24 annualized dividend and a yield of 0.82%. Sussex Bancorp’s dividend payout ratio is presently 21.82%.

SBBX has been the topic of several recent research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $32.50 price target on shares of Sussex Bancorp in a research report on Friday, December 22nd. Zacks Investment Research upgraded Sussex Bancorp from a “sell” rating to a “hold” rating and set a $30.00 price target on the stock in a research report on Saturday, December 30th. Finally, ValuEngine lowered Sussex Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

A number of hedge funds have recently bought and sold shares of the business. Hilton Capital Management LLC bought a new position in Sussex Bancorp during the fourth quarter worth about $226,000. Millennium Management LLC bought a new position in Sussex Bancorp during the fourth quarter worth about $489,000. Basswood Capital Management L.L.C. lifted its holdings in Sussex Bancorp by 3.4% during the fourth quarter. Basswood Capital Management L.L.C. now owns 594,167 shares of the financial services provider’s stock worth $15,953,000 after acquiring an additional 19,341 shares in the last quarter. Kennedy Capital Management Inc. bought a new position in Sussex Bancorp during the fourth quarter worth about $1,732,000. Finally, Wells Fargo & Company MN lifted its holdings in Sussex Bancorp by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 65,347 shares of the financial services provider’s stock worth $1,754,000 after acquiring an additional 2,732 shares in the last quarter. Hedge funds and other institutional investors own 41.09% of the company’s stock.

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About Sussex Bancorp

Sussex Bancorp is a bank holding company for Sussex Bank (the Bank). The Company’s primary business is the ownership and supervision of the Bank. The Company has two business segments: banking and financial services, and insurance services. The Company, through the Bank, conducts a traditional commercial banking business, and offer services, including personal and business checking accounts and time deposits, money market accounts and savings accounts.

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