November 25, 2016 - By Peter Kolinski
The well-informed person Jeanne Kelley who is EVP & Chief Risk Officer of Suffolk Bancorp sold some 2,996 shares of the ‘s company having a total value of $122,180 U.S. Dollars based on an average price of $40.8 per each share. The probability of this deal staying a secret is nil, with the EVP & Chief Risk Officer currently owning 13,182 shares — that is 0.11% of the total market cap of Suffolk Bancorp.
Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.18, from 1 in 2016Q1. The ratio turned 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.
Two Sigma Secs Ltd Limited Liability Company accumulated 6,732 shares or 0.11% of the stock. Ulysses Mgmt Limited Co holds 100,445 shares or 0.37% of its portfolio. Gardner Lewis Asset Mngmt Limited Partnership last reported 0.11% of its portfolio in the stock. Sei Invs last reported 360 shares in the company. Blackrock Advisors Lc holds 5,856 shares or 0% of its portfolio. Ladenburg Thalmann holds 20 shares or 0% of its portfolio. The New York-based Morgan Stanley has invested 0% in Suffolk Bancorp (NYSE:SCNB). The Ontario – Canada-based Royal Commercial Bank Of Canada has invested 0% in Suffolk Bancorp (NYSE:SCNB). D E Shaw & has invested 0% of its portfolio in Suffolk Bancorp (NYSE:SCNB). Private Capital Management Ltd Liability Co accumulated 56,309 shares or 0.26% of the stock. Fuller & Thaler Asset Management holds 0% of its portfolio in Suffolk Bancorp (NYSE:SCNB) for 500 shares. Parametric Portfolio Associates holds 46,686 shares or 0% of its portfolio. Paradigm Asset Management Communications Limited Liability Co has invested 0% of its portfolio in Suffolk Bancorp (NYSE:SCNB). Renaissance Technology Llc reported 203,600 shares or 0.01% of all its holdings. Rhumbline Advisers has invested 0% of its portfolio in Suffolk Bancorp (NYSE:SCNB).
Insider Transactions: Since August 24, 2016, the stock had 9 insider purchases, and 0 sales for $7,405 net activity. HILTON CHRISTOPHER J had bought 10 shares worth $332. Another trade for 53 shares valued at $1,760 was bought by MEYER TERENCE X. Kelley Jeanne P bought 5 shares worth $166. Gaviola Joseph A bought $631 worth of stock or 19 shares. GOODALE EDGAR F had bought 29 shares worth $963 on Wednesday, August 24. $66 worth of Suffolk Bancorp (NYSE:SCNB) was bought by NIGREL ANITA J on Wednesday, August 24. 6 shares were bought by WHITEHOUSE JAMES R, worth $199 on Wednesday, August 24.
About 2,985 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 $494.12 million. The Bank is a community bank, which offers commercial and retail banking services to its customers. It has a 24.88 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 important 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 published article titled: “Suffolk Bancorp’s stock runs up 29% to lead NYSE gainers after People’s United ..”, Newsday.com published: “Shareholder suit seeks to block Suffolk Bancorp deal” on August 09, 2016. More interesting news about Suffolk Bancorp (NYSE:SCNB) was released by: Newsday.com and their article: “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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