November 25, 2016 - By Peter Erickson
As disclosed in a public report submitted to the Washington-based Security and Exchange Commission on 25-11-2016, Terence Meyer an insider in Suffolk Bancorp and currently director, purchased shares worth $1,745 U.S Dollars in the firm. He acquired 44 new shares, at average $39.7 per share. Terence Meyer right now has 0.21% of the stock market cap of the Company.
Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.18, from 1 in 2016Q1. The ratio is negative, 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.
Tower Capital Ltd Liability Company (Trc) last reported 100 shares in the company. Panagora Asset Mngmt Incorporated owns 53,042 shares or 0.01% of their US portfolio. Parametric Portfolio Ltd Co owns 46,686 shares or 0% of their US portfolio. Gardner Lewis Asset Management Limited Partnership last reported 33,433 shares in the company. Highlander Capital Mngmt Llc accumulated 1,750 shares or 0.05% of the stock. Barclays Public Ltd Limited Liability Company owns 25 shares or 0% of their US portfolio. Polar Asset Management Partners, a Ontario – Canada-based fund reported 17,500 shares. Ulysses holds 100,445 shares or 0.37% of its portfolio. Credit Suisse Ag, a Switzerland-based fund reported 10,676 shares. Morgan Stanley holds 236,460 shares or 0% of its portfolio. Ladenburg Thalmann Financial holds 0% of its portfolio in Suffolk Bancorp (NYSE:SCNB) for 20 shares. Moreover, American Gp Inc has 0% invested in Suffolk Bancorp (NYSE:SCNB) for 6,591 shares. Moreover, Renaissance Technology Limited Com has 0.01% invested in Suffolk Bancorp (NYSE:SCNB) for 203,600 shares. Walleye Trading Ltd Company has invested 0.01% of its portfolio in Suffolk Bancorp (NYSE:SCNB). Blackrock Fund holds 0% or 293,200 shares in its portfolio.
Insider Transactions: Since August 24, 2016, the stock had 12 buys, and 1 insider sale for $111,205 net activity. $1,395 worth of shares were bought by KANDELL DAVID A on Wednesday, August 24. Gaviola Joseph A bought 17 shares worth $674. Kelley Jeanne P also bought $166 worth of Suffolk Bancorp (NYSE:SCNB) shares. DANOWSKI JAMES E bought $1,893 worth of stock or 57 shares. On Wednesday, August 24 GOODALE EDGAR F bought $963 worth of the stock or 29 shares. $1,760 worth of shares were bought by MEYER TERENCE X on Wednesday, August 24. 10 Suffolk Bancorp (NYSE:SCNB) shares with value of $332 were bought by HILTON CHRISTOPHER J.
The stock increased 0.15% or $0.06 during the last trading session, hitting $41.25. About 12,388 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 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 23.98 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: 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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