FNY Partners Fund LP acquired a new stake in shares of Sussex Bancorp (NASDAQ:SBBX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,000 shares of the financial services provider’s stock, valued at approximately $371,000. FNY Partners Fund LP owned 0.31% of Sussex Bancorp as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. grew its stake in shares of Sussex Bancorp by 86.9% during the 2nd quarter. Alliancebernstein L.P. now owns 145,980 shares of the financial services provider’s stock valued at $3,555,000 after buying an additional 67,892 shares during the period. Wells Fargo & Company MN grew its stake in shares of Sussex Bancorp by 26.5% during the 2nd quarter. Wells Fargo & Company MN now owns 63,914 shares of the financial services provider’s stock valued at $1,556,000 after buying an additional 13,378 shares during the period. Stieven Capital Advisors L.P. purchased a new stake in shares of Sussex Bancorp during the 2nd quarter valued at $3,751,000. Seidman Lawrence B grew its stake in shares of Sussex Bancorp by 16.6% during the 2nd quarter. Seidman Lawrence B now owns 296,417 shares of the financial services provider’s stock valued at $7,218,000 after buying an additional 42,100 shares during the period. Finally, Hilton Capital Management LLC purchased a new stake in shares of Sussex Bancorp during the 2nd quarter valued at $205,000. 52.71% of the stock is owned by institutional investors.
Shares of Sussex Bancorp (NASDAQ SBBX) remained flat at $23.10 during mid-day trading on Tuesday. 3,754 shares of the company’s stock traded hands. Sussex Bancorp has a 52 week low of $15.77 and a 52 week high of $28.55. The stock’s 50 day moving average price is $23.70 and its 200-day moving average price is $24.48. The stock has a market capitalization of $137.47 million, a P/E ratio of 18.05 and a beta of 0.43.
Sussex Bancorp (NASDAQ:SBBX) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Sussex Bancorp had a net margin of 15.13% and a return on equity of 9.43%. The company had revenue of $8.71 million for the quarter, compared to analyst estimates of $9.10 million. Analysts expect that Sussex Bancorp will post $1.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.24 annualized dividend and a dividend yield of 1.04%. Sussex Bancorp’s dividend payout ratio (DPR) is 18.75%.
SBBX has been the subject of several research reports. ValuEngine raised shares of Sussex Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Sussex Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th.
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In other Sussex Bancorp news, insider Anthony J. Labozzetta purchased 6,250 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were bought at an average price of $24.00 per share, for a total transaction of $150,000.00. Following the purchase, the insider now directly owns 233,199 shares in the company, valued at approximately $5,596,776. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Katherine H. Caristia purchased 3,125 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were acquired at an average price of $24.00 per share, for a total transaction of $75,000.00. Following the purchase, the director now owns 22,752 shares in the company, valued at $546,048. The disclosure for this purchase can be found here. Corporate insiders own 17.60% of the company’s stock.
Sussex Bancorp Profile
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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