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Our Buy, Neutral or Avoid ratings of the Secondaries below are intended as a recommendation for those who buy Secondaries on a regular basis. For example, this is not to be interpreted as a Buy recommendation in the traditional sense of adding to your stock portfolio; this is a short term (usually one day or opening trade) time period.
Company: Sussex Bancorp
Symbol: SBBX
Price: Last Trade $25.10
Trade Date: 6/16
Re-offer Range: Subscription Needed
Shares: 1 million ($25m cash raise)
Underwriter(s) : Keefe Bruyette & Woods
Co-Manager(s): Sandler O’ Neill + Partners, Hovde Group, Boenning & Scattergood, FIG Partners
Rating = Subscription Needed
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