November 25, 2016 - By Richard Conner
Director David Kandell of Suffolk Bancorp, acquired some 35 of the ‘s company shares valued at $1,388 USD with an average of $39.7 stock price per share. This specific transaction occurred on November 25, 2016 and was which was filed with the D.C. based-SEC. The original document is accessible online here. Currently, David Kandell owns 27,775 shares or 0.23% of Suffolk Bancorp’s market capitalization.
Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.18, from 1 in 2016Q1. The ratio worsened, 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.
California State Teachers Retirement System reported 24,010 shares or 0% of all its holdings. Prentiss Smith has invested 0.02% of its portfolio in Suffolk Bancorp (NYSE:SCNB). Prudential reported 14,423 shares or 0% of all its holdings. Credit Suisse Ag holds 10,676 shares or 0% of its portfolio. Bank & Trust Of Montreal Can holds 0% or 3,366 shares in its portfolio. Magnetar Fincl Llc owns 212,734 shares or 0.12% of their US portfolio. Sphinx Trading Limited Partnership has 0.75% invested in the company for 12,000 shares. Panagora Asset Mgmt Inc has 53,042 shares for 0.01% of their US portfolio. Walleye Trading Ltd Liability last reported 49,008 shares in the company. State Common Retirement Fund accumulated 0% or 11,600 shares. Manufacturers Life Insur The last reported 0% of its portfolio in the stock. Basswood Mngmt Limited Company holds 0.17% or 92,163 shares in its portfolio. Moreover, Vanguard Gru has 0% invested in Suffolk Bancorp (NYSE:SCNB) for 484,381 shares. Moreover, Teachers Advsrs has 0% invested in Suffolk Bancorp (NYSE:SCNB) for 17,066 shares. Blackrock Fund Advisors has 293,200 shares for 0% of their US portfolio.
Insider Transactions: Since August 24, 2016, the stock had 9 insider purchases, and 0 insider sales for $7,405 net activity. $199 worth of Suffolk Bancorp (NYSE:SCNB) shares were bought by WHITEHOUSE JAMES R. Another trade for 57 shares valued at $1,893 was made by DANOWSKI JAMES E on Wednesday, August 24. $631 worth of Suffolk Bancorp (NYSE:SCNB) shares were bought by Gaviola Joseph A. NIGREL ANITA J had bought 2 shares worth $66. Another trade for 5 shares valued at $166 was bought by Kelley Jeanne P. Another trade for 29 shares valued at $963 was bought by GOODALE EDGAR F. HILTON CHRISTOPHER J bought $332 worth of stock.
The stock increased 0.15% or $0.06 during the last trading session, hitting $41.25. About 12,358 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 $495.57 million. The Bank is a community bank, which offers commercial and retail banking services to its customers. It has a 24.95 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 $5.17M for 23.98 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: Streetinsider.com which released: “Form 4 SUFFOLK BANCORP For: Nov 23 Filed by: GOODALE EDGAR F” on November 25, 2016, also Newsday.com with their article: “People’s United to buy Suffolk Bancorp for $402 million” published on June 27, 2016, Marketwatch.com published: “Suffolk Bancorp’s stock runs up 29% to lead NYSE gainers after People’s United ..” on December 23, 2015. More interesting news about Suffolk Bancorp (NYSE:SCNB) were released by: Newsday.com and their article: “Shareholder suit seeks to block Suffolk Bancorp deal” published on August 09, 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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