November 25, 2016 - By Linda Rogers
Joseph Gaviola, an insider of Suffolk Bancorp, currently director lately disclosed a new trade with the U.S. Security & Exchange Commission. As exposed in the legal document, Joseph Gaviola purchased 17 shares of the firm, priced at $39.7 per share. $674 U.S Dollars was the trade’s value. The SEC report’s date was 25-11-2016. Joseph now has rights to 9,221 shares accounting for 0.08% of the Company’s market cap
Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.18, from 1 in 2016Q1. The ratio dived, as 12 funds sold all Suffolk Bancorp shares owned while 24 reduced positions. 19 funds bought stakes while 17 increased positions. They now own 6.11 million shares or 15.69% less from 7.24 million shares in 2016Q1.
Yakira Capital Inc owns 38,676 shares or 0.46% of their US portfolio. State Street, a Massachusetts-based fund reported 197,811 shares. Renaissance Technologies Limited Liability Company last reported 203,600 shares in the company. Morgan Stanley has 0% invested in the company for 236,460 shares. Two Sigma Ltd Liability Company reported 6,732 shares or 0.11% of all its holdings. Moreover, National Planning has 0.05% invested in Suffolk Bancorp (NYSE:SCNB) for 18,651 shares. Gsa Cap Prtnrs Llp, a United Kingdom-based fund reported 13,792 shares. Fuller & Thaler Asset Mgmt Inc accumulated 0% or 500 shares. Prentiss Smith And Incorporated has 1,400 shares for 0.02% of their US portfolio. Clover Prns Lp last reported 2.99% of its portfolio in the stock. Blackrock has invested 0% of its portfolio in Suffolk Bancorp (NYSE:SCNB). Springbok Capital Management Lc has 16,001 shares for 0.07% of their US portfolio. Manufacturers Life Insurance The accumulated 0% or 8,305 shares. California Pub Employees Retirement holds 0% of its portfolio in Suffolk Bancorp (NYSE:SCNB) for 31,700 shares. Private Capital Ltd Liability Corporation accumulated 56,309 shares or 0.26% of the stock.
Insider Transactions: Since August 24, 2016, the stock had 9 buys, and 0 sales for $7,405 net activity. Another trade for 6 shares valued at $199 was bought by WHITEHOUSE JAMES R. MEYER TERENCE X bought $1,760 worth of stock or 53 shares. DANOWSKI JAMES E also bought $1,893 worth of Suffolk Bancorp (NYSE:SCNB) on Wednesday, August 24. 2 shares were bought by NIGREL ANITA J, worth $66. 29 Suffolk Bancorp (NYSE:SCNB) shares with value of $963 were bought by GOODALE EDGAR F. $1,395 worth of Suffolk Bancorp (NYSE:SCNB) shares were bought by KANDELL DAVID A. 19 shares were bought by Gaviola Joseph A, worth $631.
About 7,811 shares traded hands. Suffolk Bancorp (NYSE:SCNB) has risen 65.95% since April 22, 2016 and is uptrending. It has outperformed by 60.55% the S&P500.
Suffolk Bancorp is the bank holding firm for Suffolk County National Bank of Riverhead . The company has a market cap of $494.36 million. The Bank is a community bank, which offers commercial and retail banking services to its customers. It has a 24.89 P/E ratio. The Bank operates over 30 branches in Nassau, Suffolk and Queens Counties, New York and loan production offices in Garden City, Melville and Long Island City.
According to Zacks Investment Research, “SUFFOLK BANCORP is a holding company which thru its subsidiaries is engaged in the general banking business. The Bank is a full-service bank serving the needs of the local residents of eastern Suffolk County. Approximately 90 percent of the Bank’s business is devoted to rendering services to those residing in the immediate area of the Bank’s main and branch offices.”
Analysts await Suffolk Bancorp (NYSE:SCNB) to report earnings on January, 26. They expect $0.43 EPS, up 10.26% or $0.04 from last year’s $0.39 per share. SCNB’s profit will be $5.17 million for 23.92 P/E if the $0.43 EPS becomes a reality. After $0.46 actual EPS reported by Suffolk Bancorp for the previous quarter, Wall Street now forecasts -6.52% negative EPS growth.
More notable recent Suffolk Bancorp (NYSE:SCNB) news were published by: Newsday.com which released: “People’s United to buy Suffolk Bancorp for $402 million” on June 27, 2016, also Marketwatch.com with their article: “Suffolk Bancorp’s stock runs up 29% to lead NYSE gainers after People’s United ..” published on December 23, 2015, Newsday.com published: “Shareholder suit seeks to block Suffolk Bancorp deal” on August 09, 2016. More interesting news about Suffolk Bancorp (NYSE:SCNB) were released by: Streetinsider.com and their article: “Form 4 SUFFOLK BANCORP For: Nov 23 Filed by: DANOWSKI JAMES E” published on November 25, 2016 as well as Newsday.com‘s news article titled: “Shareholders approve acquisition of Suffolk Bancorp” with publication date: October 14, 2016.
Suffolk Bancorp, incorporated on August 15, 1984, is the bank holding firm for Suffolk County National Bank of Riverhead (the Bank). The Bank is a community bank, which offers commercial and retail banking services to its customers. The Bank operates approximately 30 branches in Nassau, Suffolk and Queens Counties, New York and loan production offices in Garden City, Melville and Long Island City.
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By Linda Rogers