Trading was light with 875 shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 88.66% under the normal average daily volume.
Short traders are feeling a little more bearish recently if you take into consideration the increase in short interest. The stock recorded a rise in short interest between September 29, 2017 and October 13, 2017 of 2.91%. Short shares increased from 207,395 to 213,426 over that period. The short-interest ratio increased to 21.0 and the percentage of shorted shares is 0.04% as of October 13.
These funds have shifted positions in (SBBX). As of the end of the quarter Wells Fargo & Company/mn had sold a total of 62,476 shares trimming its position 97.8%. The value of the investment in SBBX decreased from $1,556,000 to $34,000 a change of $1,522,000 quarter to quarter. As of quarter end Dimensional Fund Advisors Lp had disposed of 6,460 shares trimming its holdings by 6.5%. The value of the company’s investment in Sussex Bancorp went from $2,474,000 to $2,216,000 a change of 10.4% since the last quarter.
Alliancebernstein L.P. reduced its investment by shedding 6,173 shares a decrease of 4.2% in the quarter. Alliancebernstein L.P. now holds 139,807 shares valued at $3,313,000. The total value of its holdings decreased 6.8%. As of the end of the quarter Basswood Capital Management, L.l.c. had bought a total of 1,980 shares growing its stake by 0.3%. The value of the investment in (SBBX) decreased from $13,949,000 to $13,623,000 decreasing 2.3% quarter over quarter.
October 3 investment analysts at Keefe, Bruyette & Woods held the company rating at “Buy” projecting a price of $28.50.
In the market the company is trading up by 1.89% percent from yesterday’s close. The P/E ratio is 19.32 and market cap is 154.48M. In the latest earnings report the EPS was $1.32 with 6.04M shares currently outstanding.
Sussex Bancorp, launched on January 1, 1996, is a bank holding company for Sussex Bank (the Bank). The Business’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. 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 Business’s service area includes Sussex, Morris and Bergen Counties in New Jersey, and Orange and Queens Counties, New York..