PNC Financial Services Group Inc. maintained its position in shares of Sussex Bancorp (NASDAQ:SBBX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,754 shares of the financial services provider’s stock at the end of the second quarter. PNC Financial Services Group Inc. owned approximately 0.63% of Sussex Bancorp worth $384,000 at the end of the most recent reporting period.
Sussex Bancorp (NASDAQ:SBBX) traded down 1.88% on Tuesday, reaching $16.17. The company’s stock had a trading volume of 1,163 shares. The company has a market cap of $74.32 million, a P/E ratio of 16.33 and a beta of 0.40. The company has a 50-day moving average price of $16.00 and a 200 day moving average price of $14.11. Sussex Bancorp has a 12 month low of $11.43 and a 12 month high of $16.87.
Sussex Bancorp (NASDAQ:SBBX) last posted its earnings results on Wednesday, July 27th. The financial services provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Sussex Bancorp had a return on equity of 8.28% and a net margin of 13.65%. On average, equities research analysts anticipate that Sussex Bancorp will post $1.08 EPS for the current fiscal year.
Several research analysts have issued reports on the company. Zacks Investment Research upgraded Sussex Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, August 2nd. TheStreet lowered Sussex Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, Hovde Group increased their price objective on Sussex Bancorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Sussex Bancorp presently has a consensus rating of “Buy” and an average target price of $17.33.
Sussex Bancorp Company 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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