The stock of Sussex Bancorp (NASDAQ:SBBX) hit a new 52-week high and has $29.24 target or 71.00% above today’s $17.10 share price. The 8 months bullish chart indicates low risk for the $81.80 million company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $29.24 price target is reached, the company will be worth $58.08 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 13,339 shares traded hands or 128.84% up from the average. Sussex Bancorp (NASDAQ:SBBX) has risen 29.39% since March 10, 2016 and is uptrending. It has outperformed by 21.87% the S&P500.
Analysts await Sussex Bancorp (NASDAQ:SBBX) to report earnings on November, 3. They expect $0.26 EPS, up 23.81% or $0.05 from last year’s $0.21 per share. SBBX’s profit will be $1.24M for 16.44 P/E if the $0.26 EPS becomes a reality. After $0.24 actual EPS reported by Sussex Bancorp for the previous quarter, Wall Street now forecasts 8.33% EPS growth.
Sussex Bancorp (NASDAQ:SBBX) Ratings Coverage
Out of 2 analysts covering Sussex Bancorp (NASDAQ:SBBX), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Sussex Bancorp has been the topic of 2 analyst reports since January 14, 2016 according to StockzIntelligence Inc. The rating was initiated by Keefe Bruyette & Woods with “Outperform” on Thursday, January 14. The rating was maintained by Hovde Group on Friday, July 29 with “Outperform”.
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.”
Insitutional Activity: The institutional sentiment increased to 2 in 2016 Q2. Its up 1.00, from 1 in 2016Q1. The ratio improved, as 1 funds sold all Sussex Bancorp shares owned while 3 reduced positions. 1 funds bought stakes while 7 increased positions. They now own 1.32 million shares or 4.04% more from 1.27 million shares in 2016Q1.
Blackrock Investment Mgmt Ltd owns 678 shares or 0% of their US portfolio. Basswood Cap Mngmt Ltd has 109,386 shares for 0.08% of their US portfolio. Deutsche Fincl Bank Ag has 2,500 shares for 0% of their US portfolio. Clark Estates Ny last reported 29,534 shares in the company. Highlander Capital Management Ltd accumulated 0.03% or 2,488 shares. Vanguard Group last reported 23,555 shares in the company. Dimensional Fund Advsr Lp holds 91,076 shares or 0% of its portfolio. Pl Advsr Ltd Com has 102,882 shares for 0.47% of their US portfolio. Pnc Financial Gru holds 28,754 shares or 0% of its portfolio. Retail Bank Of America Corp De has 2,126 shares for 0% of their US portfolio. Banc Funds Co Ltd Liability Co accumulated 358,688 shares or 0.28% of the stock. Emerald Mutual Fund Advisers has invested 0.02% of its portfolio in Sussex Bancorp (NASDAQ:SBBX). Wells Fargo & Co Mn accumulated 12,451 shares or 0% of the stock. Blackrock Fund Advsrs holds 697 shares or 0% of its portfolio. Glenmede Company Na owns 1,150 shares or 0% of their US portfolio.
Insider Transactions: Since August 8, 2016, the stock had 3 insider purchases, and 0 selling transactions for $30,203 net activity. $7,481 worth of Sussex Bancorp (NASDAQ:SBBX) shares were bought by LABOZZETTA ANTHONY J. Musilli Charles A bought $14,887 worth of stock or 950 shares. BRANCA RICHARD bought $7,835 worth of stock or 500 shares.
More notable recent Sussex Bancorp (NASDAQ:SBBX) news were published by: Nasdaq.com which released: “Sussex Bancorp (SBBX) Ex-Dividend Date Scheduled for August 08, 2016” on August 05, 2016, also Northjersey.com with their article: “Fusco promoted to Senior Executive VP at Sussex Bancorp and Sussex Bank” published on April 18, 2014, Northjersey.com published: “John E. Ursin, Esq. elected to the Board at Sussex Bancorp & Sussex Bank” on November 09, 2012. More interesting news about Sussex Bancorp (NASDAQ:SBBX) were released by: Streetinsider.com and their article: “Form 8-K/A SUSSEX BANCORP For: Feb 04” published on February 05, 2015 as well as Globenewswire.com‘s news article titled: “Sussex Bank Opens in Oradell, NJ â€“ Welcoming Personal Banking” with publication date: March 04, 2016.
SBBX Company Profile
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.
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