Last $9.25 USD
Change Today -0.1199 / -1.28%
Volume 4.3K
SBBX On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 12:42 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

sussex bancorp (SBBX) Snapshot

Open
$9.22
Previous Close
$9.37
Day High
$9.25
Day Low
$9.22
52 Week High
06/23/14 - $9.50
52 Week Low
08/8/13 - $6.33
Market Cap
43.1M
Average Volume 10 Days
4.0K
EPS TTM
$0.47
Shares Outstanding
4.7M
EX-Date
05/9/14
P/E TM
19.7x
Dividend
$0.12
Dividend Yield
0.32%
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, regular 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 offers general insurance agency services, which include commercial and personal lines of insurance. It operates through 10 banking offices, including 8 offices located in Sussex County, New Jersey; and 2 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.

107 Employees
Last Reported Date: 03/19/14
Founded in 1975

sussex bancorp (SBBX) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $466.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $223.4K
Chief Executive Officer of Tri-State Insuranc...
Total Annual Compensation: $195.3K
Compensation as of Fiscal Year 2013.

sussex bancorp (SBBX) Key Developments

Charles Musilli Joins the Boards of Sussex Bancorp and Sussex Bank, Effective July 23, 2014

Charles Musilli joined the boards of Sussex Bancorp and subsidiary Sussex Bank. Currently a senior vice president and the chief field operations officer for Selective Insurance Co. of America, his term as a director begins July 23, 2014.

Sussex Bancorp Announces Changes to its By-Laws

On May 28, 2014, Sussex Bancorp's Board approved certain changes to the company's Amended and Restated By-Laws, regarding a variety of corporate governance and administrative matters. The amendments to the By-Laws include, among other things, Article I was amended to provide the locations of the Company's offices, including its registered office; Article II, Section 2.3 was amended to provide that (i) a special meeting of shareholders may also be called by the Chairman of the Board, the President or at the written request of a majority of the Board, (ii) only such business specified in the notice of a special meeting shall be conducted at the special meeting and (iii) the notice of a special meeting shall be given pursuant to Article II, Section 2.4; Article II, Section 2.4 was amended to clarify the procedures the Company must follow in providing shareholders with notice of meetings, including the procedures for executing a valid waiver of such notice; Article II, Section 2.7 was amended to provide that a shareholder of record may be represented at a meeting of shareholders by a duly appointed proxy, which shall be filed with the Secretary of the meeting before being voted; Article II, Section 2.8 was amended to clarify the procedures the Company must follow in providing shareholders with the list of shareholders of record; Article II, Section 2.10 was amended to clarify the procedures for obtaining consents of shareholders in lieu of a meeting; Article II, Section 2.11 was added to set forth the nature of the business that may be transacted at annual meetings of shareholders, as well as provide the procedures by which a shareholder may bring forth business to be transacted at such meeting; Article II, Section 2.12 was added to set forth the circumstances in which the Board may fix a record date, and the parameters for fixing a record date or determining the record date when it is not fixed; Article III, Section 3.1 was amended to provide that the Board shall be classified into three classes, which is consistent with the Company's Restated Certificate of Incorporation; Article III, Section 3.2 was amended to provide that all directors shall hold office until expiration of their respective terms; Article III, Section 3.4 was amended to clarify procedures for filing vacancies on the Board; Article III, Section 3.8 was amended to provide that a special meeting of the Board may also be called by the Chairman of the Board; Article III, Section 3.9 was amended to clarify procedures for providing directors with notice of Board meetings; Article III, Section 3.11 was added to set forth the election procedures for and the roles of the Chairman and Vice-Chairman of the Board; Article III, Section 3.13 was amended to identify the individual to act as Chairman of Board meetings; Article III, Section 3.14 was amended to set forth the powers and authority of Board committees; Article III, Section 3.15 was amended to provide that Board committees must keep minutes of their meetings and report the same to the Board; Article III, Section 3.16 was amended to set forth the standing committees of the Board; Article III, Section 3.20 was amended to disqualify any person from serving as a director of the Company if he or she is in violation of any applicable state or federal law governing directorship eligibility; Article III, Section 3.21 was added to set forth qualifications for each person serving as a director of the Company, including, but not limited to, minimum Company stock ownership guidelines; Article III, Section 3.23 was amended to update and clarify the procedures for nominations to the Board; Article III, Section 3.24 was added to set forth the means of electronic communication by which directors may participate in Board or committee meetings; The section of Article III entitled "Director Emeritus" was deleted in its entirety; Article IV, Section 4.2 was amended to (i) update the Secretary's responsibilities and (ii) provide that the Board shall elect the Company's officers; Article IV, Section 4.4 was amended to provide that any vacancy in any office may only be filled for the unexpired portion of the term by the Board; Article V was amended to (i) provide for the issuance of uncertificated shares, (ii) clarify the procedures for lost, mutilated, stolen or destroyed stock certificates and the transfer of shares and (iii) set forth the Board's authority to appoint transfer agents and registrars; and Article VI was amended to (i) specify how the corporate seal may be used and (ii) provide that any conflict between the By-Laws and applicable law or the Charter shall be resolved in favor of such law or the Charter.

Sussex Bancorp Declares Quarterly Cash Dividend Payable on May 27, 2014

Sussex Bancorp announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per share on its outstanding common stock. The cash dividend is payable on May 27, 2014 to common shareholders of record on May 13, 2014.

 

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Industry Analysis

SBBX

Industry Average

Valuation SBBX Industry Range
Price/Earnings 19.2x
Price/Sales 2.0x
Price/Book 0.9x
Price/Cash Flow 21.7x
TEV/Sales NM Not Meaningful
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