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Last $11.31 USD
Change Today 0.00 / 0.00%
Volume 0.0
SBBX On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

sussex bancorp (SBBX) Snapshot

Open
$11.45
Previous Close
$11.31
Day High
$11.45
Day Low
$11.31
52 Week High
04/29/15 - $11.49
52 Week Low
06/16/14 - $8.80
Market Cap
52.9M
Average Volume 10 Days
2.5K
EPS TTM
$0.63
Shares Outstanding
4.7M
EX-Date
05/8/15
P/E TM
18.0x
Dividend
$0.16
Dividend Yield
1.24%
Current Stock Chart for SUSSEX BANCORP (SBBX)

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sussex bancorp (SBBX) Details

Sussex Bancorp operates as the holding company for Sussex Bank that provides commercial banking and related financial services to individual, business, and government customers. It operates through Banking and Financial Services, and Insurance Services segments. The company offers deposit products comprising personal and business checking accounts, time deposits, money market accounts, savings accounts, and demand deposits. It also provides a range of loans consisting of commercial, consumer, mortgage, home equity, and personal loans; commercial and residential real estate loans; construction loans; and industrial loans. The company also operates as a full service general insurance agency, offering commercial and personal lines of insurance. It operates nine banking offices, including eight located in Sussex County, New Jersey; and one in Orange County, New York, as well as a loan production and insurance agency satellite office in Rochelle Park, New Jersey. Sussex Bancorp was founded in 1975 and is based in Franklin, New Jersey.

113 Employees
Last Reported Date: 03/20/15
Founded in 1975

sussex bancorp (SBBX) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $449.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $228.9K
Chief Executive Officer of Tri-State Insuranc...
Total Annual Compensation: $186.2K
Compensation as of Fiscal Year 2014.

sussex bancorp (SBBX) Key Developments

Sussex Bancorp Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015

Sussex Bancorp announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported net income of $952,000, or $0.21 per basic and diluted share, for the quarter ended March 31, 2015, as compared to net income of $678,000, or $0.15 per basic and diluted share, for the same period last year. This increase equates to a 40.0% increase in net income per diluted common share for the quarter ended March 31, 2015, as compared to the same period last year. The improvement for 2015 was driven by increased interest income related to loan growth and a 10.2% decline in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate) as a result of improved credit quality as non-performing assets (NPAs) (excluding performing troubled debt restructured loans) fell to 1.57% of total assets at March 31, 2015 from 2.50% at March 31, 2014. Net interest income on a fully tax equivalent basis increased $471,000, or 10.6%, to $4.9 million for the first quarter of 2015, as compared to $4.4 million for the same period in 2014. The increase in net interest income was largely due to a $54.2 million, or 10.6%, increase in average interest earning assets, principally loans receivable, which increased $68.1 million, or 16.9%, and was partially offset by a decrease in the average balance on the securities portfolio of $15.6 million, or 15.4%. Income before income taxes was $1,328,000 against $976,000 a year ago. Return on average assets was 0.64% against 0.50% a year ago. Return on average equity was 7.31% against 5.74% a year ago. Book value per common share was $11.13 against $10.35 per share a year ago. The Company recorded $305,000 in provision for loan losses, which was partially offset by $183,000 in net charge-offs for the quarter ended March 31, 2015. The allowance for loan losses as a percentage of non-accrual loans decreased to 86.9% at March 31, 2015 from 95.2% at December 31, 2014.

Sussex Bancorp Declares Quarterly Cash Dividend, Payable on May 26, 2015

Sussex Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.04 per share, which is payable on May 26, 2015 to common shareholders of record as of the close of business on May 12, 2015.

Sussex Bancorp Announces the Retirement of Donald L. Kovach as Director

Sussex Bancorp announced Mr. Donald L. Kovach is retiring as director upon the expiration of his term in 2015.

 

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Industry Analysis

SBBX

Industry Average

Valuation SBBX Industry Range
Price/Earnings 18.1x
Price/Sales 2.2x
Price/Book 1.0x
Price/Cash Flow 18.4x
TEV/Sales NM Not Meaningful
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