The stock of Sussex Bancorp (NASDAQ:SBBX) hit a new 52-week high and has $27.86 target or 62.00% above today’s $17.20 share price. The 8 months bullish chart indicates low risk for the $81.55M company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $27.86 price target is reached, the company will be worth $50.56 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. The stock increased 1.53% or $0.26 on November 7, hitting $17.2. About 14,820 shares traded hands or 170.98% up from the average. Sussex Bancorp (NASDAQ:SBBX) has risen 38.50% since April 5, 2016 and is uptrending. It has outperformed by 36.54% the S&P500.
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. As per Thursday, January 14, the company rating was initiated by Keefe Bruyette & Woods. As per Friday, July 29, the company rating was maintained by Hovde Group.
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 Q2 2016. Its up 1.00, from 1 in 2016Q1. The ratio increased, 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.
Clark Estates Inc Ny last reported 29,534 shares in the company. Wells Fargo & Co Mn, a California-based fund reported 12,451 shares. Vanguard Group Inc has 23,555 shares for 0% of their US portfolio. Pnc, a Pennsylvania-based fund reported 28,754 shares. Morgan Stanley holds 0% or 700 shares in its portfolio. Banc Funds Ltd Llc accumulated 358,688 shares or 0.28% of the stock. Blackrock Fund Advsrs last reported 697 shares in the company. Highlander Mgmt Limited Co holds 0.03% or 2,488 shares in its portfolio. Blackrock Mgmt Ltd Llc has invested 0% of its portfolio in Sussex Bancorp (NASDAQ:SBBX). Biondo Inv Advisors Llc, a Pennsylvania-based fund reported 63,000 shares. Seidman Lawrence B accumulated 259,000 shares or 2.37% of the stock. Glenmede Trust Co Na, a Pennsylvania-based fund reported 1,150 shares. Federated Pa has 562 shares for 0% of their US portfolio. Emerald Mutual Fund Advisers Tru has invested 0.02% of its portfolio in Sussex Bancorp (NASDAQ:SBBX). Deutsche Commercial Bank Ag holds 0% of its portfolio in Sussex Bancorp (NASDAQ:SBBX) for 2,500 shares.
Insider Transactions: Since August 8, 2016, the stock had 3 insider purchases, and 0 sales for $30,203 net activity. LABOZZETTA ANTHONY J had bought 475 shares worth $7,481. Shares for $14,887 were bought by Musilli Charles A on Monday, August 8. Shares for $7,835 were bought by BRANCA RICHARD.
More recent Sussex Bancorp (NASDAQ:SBBX) news were published by: Nasdaq.com which released: “Sussex Bancorp (SBBX) Ex-Dividend Date Scheduled for November 07, 2016” on November 04, 2016. Also Globenewswire.com published the news titled: “Sussex Bancorp Reports a 33.3% Increase in EPS to $0.28 for the Third Quarter” on October 27, 2016. Northjersey.com‘s news article titled: “Fusco promoted to Senior Executive VP at Sussex Bancorp and Sussex Bank” with publication date: April 18, 2014 was also an interesting one.
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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