November 21, 2016 - By Dolores Ford · 0 Comments
Sussex Bancorp (NASDAQ:SBBX) institutional sentiment increased to 2.33 in Q2 2016. Its up 0.33, from 2 in 2016Q1. The ratio is positive, as 8 hedge funds started new or increased positions, while 4 sold and reduced stakes in Sussex Bancorp. The hedge funds in our partner’s database reported: 1.32 million shares, up from 1.27 million shares in 2016Q1. Also, the number of hedge funds holding Sussex Bancorp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 3 Increased: 7 New Position: 1.
Sussex Bancorp is a bank holding company for Sussex Bank . The company has a market cap of $83.22 million. The Company’s primary business is the ownership and supervision of the Bank. It has a 16.5 P/E ratio. The Firm has two business divisions: banking and financial services, and insurance services.
The stock increased 0.29% or $0.05 on November 18, hitting $17.5. Sussex Bancorp (NASDAQ:SBBX) has risen 39.22% since April 19, 2016 and is uptrending. It has outperformed by 35.36% the S&P500.
According to Zacks Investment Research, “Sussex Bancorp is the holding company for the Sussex Bank, which operates through its main office in Franklin, New Jersey and branch offices in Andover, Augusta, Newton, Montague, Sparta, Vernon and Wantage, New Jersey and for Tri-State Insurance Agency, Inc, a full service insurance agency located in Augusta, New Jersey.”
Seidman Lawrence B holds 2.37% of its portfolio in Sussex Bancorp for 259,000 shares. Pl Capital Advisors Llc owns 102,882 shares or 0.47% of their US portfolio. Moreover, Biondo Investment Advisors Llc has 0.3% invested in the company for 63,000 shares. The Illinois-based Banc Funds Co Llc has invested 0.28% in the stock. Basswood Capital Management L.L.C., a New York-based fund reported 109,386 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 insider purchases, and 0 sales for $30,203 net activity.
Ratings analysis reveals 100% of Sussex Bancorp’s analysts are positive. Out of 2 Wall Street analysts rating Sussex Bancorp, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. SBBX was included in 2 notes of analysts from January 14, 2016. The stock of Sussex Bancorp (NASDAQ:SBBX) earned “Outperform” rating by Keefe Bruyette & Woods on Thursday, January 14. As per Friday, July 29, the company rating was maintained by Hovde Group.
Sussex Bancorp, incorporated on January 1, 1996, is a bank holding firm for Sussex Bank (the Bank). The Company’s primary business is the ownership and supervision of the Bank. The Firm has two business divisions: 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. The Company, through the Bank’s subsidiary, Tri-State, operates a full service general insurance agency, offering both commercial and personal lines of insurance. The Company’s service area includes Sussex, Morris and Bergen Counties in New Jersey, and Orange and Queens Counties, New York.
More news for Sussex Bancorp (NASDAQ:SBBX) were recently published by: Nasdaq.com, which released: “Sussex Bancorp (SBBX) Ex-Dividend Date Scheduled for November 07, 2016” on November 04, 2016. Globenewswire.com‘s article titled: “Sussex Bancorp Reports a 33.3% Increase in EPS to $0.28 for the Third Quarter” and published on October 27, 2016 is yet another important article.
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By Dolores Ford