Insider Heat: James Danowski just Invested in 48 shares of Suffolk Bancorp (NYSE:SCNB), be careful if you are short!

November 25, 2016 - By Linda Rogers

Insider Heat: James Danowski just Invested in 48 shares of Suffolk Bancorp (NYSE:SCNB), be careful if you are short!

James Danowski Insider Buy

Suffolk Bancorp’s director James Danowski obtained 48 shares of the company’s stock in a broker transaction dated November 25, 2016. The shares were acquired at the avg. market share price which was $39.7, for a total investment of $1,904. At present, James Danowski owns 40,657 shares which are equivalent to roughly 0.34% of the company’s market cap (total dollar market value of all company’s outstanding shares).

Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.18, from 1 in 2016Q1. The ratio fall, 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.

Bridgeway Cap Mgmt Inc holds 0.02% of its portfolio in Suffolk Bancorp (NYSE:SCNB) for 37,000 shares. Stevens Capital Mgmt L P last reported 0.01% of its portfolio in the stock. Yakira Capital Mgmt accumulated 0.46% or 38,676 shares. Panagora Asset Mngmt last reported 0.01% of its portfolio in the stock. Schwab Charles Invest Mngmt Incorporated last reported 0% of its portfolio in the stock. Basswood Cap Mngmt Limited Liability Co last reported 0.17% of its portfolio in the stock. Vanguard last reported 0% of its portfolio in the stock. State Street Corporation has invested 0% of its portfolio in Suffolk Bancorp (NYSE:SCNB). Clover Prtn L P last reported 242,063 shares in the company. Moreover, Blackrock Fund Advsrs has 0% invested in Suffolk Bancorp (NYSE:SCNB) for 293,200 shares. Commercial Bank Of America Corp De holds 0% or 5,612 shares in its portfolio. Credit Suisse Ag, a Switzerland-based fund reported 10,676 shares. California State Teachers Retirement Systems reported 24,010 shares or 0% of all its holdings. Natl Planning has 0.05% invested in the company for 18,651 shares. Amer Interest Grp last reported 6,591 shares in the company.

Insider Transactions: Since August 24, 2016, the stock had 9 buys, and 0 selling transactions for $7,405 net activity. 29 shares were bought by GOODALE EDGAR F, worth $963 on Wednesday, August 24. Gaviola Joseph A bought $631 worth of Suffolk Bancorp (NYSE:SCNB) on Wednesday, August 24. The insider MEYER TERENCE X bought $1,760. HILTON CHRISTOPHER J bought $332 worth of stock. Kelley Jeanne P bought $166 worth of Suffolk Bancorp (NYSE:SCNB) on Wednesday, August 24. $1,395 worth of Suffolk Bancorp (NYSE:SCNB) was bought by KANDELL DAVID A on Wednesday, August 24. DANOWSKI JAMES E had bought 57 shares worth $1,893 on Wednesday, August 24.

About 6,527 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 $494.00 million. The Bank is a community bank, which offers commercial and retail banking services to its customers. It has a 24.87 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 earnings per share, up 10.26% or $0.04 from last year’s $0.39 per share. SCNB’s profit will be $5.17M for 23.91 P/E if the $0.43 EPS becomes a reality. After $0.46 actual earnings per share 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.

SCNB Company Profile

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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