November 25, 2016 - By Linda Rogers
Suffolk Bancorp director and an insider Edgar Goodale not a long ago picked up 25 company shares with a total value of $992 at the avg. market share price of $39.7. Currently, Edgar Goodale owns a total of 113,892 shares or 0.96% of the company’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding). For full details of this investment please refer to the SEC’s document accessible for free here.
Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. 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.
Metropolitan Life Insurance has 0% invested in the company for 9,163 shares. Basswood Capital Lc holds 92,163 shares or 0.17% of its portfolio. Clover Ptnrs Lp, a Texas-based fund reported 242,063 shares. Two Sigma Secs Ltd Liability, a New York-based fund reported 6,732 shares. Tudor Inv Corporation Et Al accumulated 0.1% or 150,100 shares. The Ontario – Canada-based Polar Asset Mngmt Ptnrs Inc has invested 0.02% in Suffolk Bancorp (NYSE:SCNB). Jpmorgan Chase & holds 163,344 shares or 0% of its portfolio. Teachers Inc reported 17,066 shares or 0% of all its holdings. Deutsche Natl Bank Ag accumulated 47,128 shares or 0% of the stock. Panagora Asset Mgmt holds 53,042 shares or 0.01% of its portfolio. Blackrock Limited Liability Company has invested 0% of its portfolio in Suffolk Bancorp (NYSE:SCNB). Amer Grp Incorporated last reported 0% of its portfolio in the stock. National Planning has 18,651 shares for 0.05% of their US portfolio. Pacific Ridge Partners Ltd Limited Liability Company accumulated 0.83% or 58,920 shares. Parametric Port Associate Ltd Com has invested 0% of its portfolio in Suffolk Bancorp (NYSE:SCNB).
Insider Transactions: Since August 24, 2016, the stock had 9 buys, and 0 selling transactions for $7,405 net activity. MEYER TERENCE X bought $1,760 worth of stock. 10 shares were bought by HILTON CHRISTOPHER J, worth $332 on Wednesday, August 24. Gaviola Joseph A also bought $631 worth of Suffolk Bancorp (NYSE:SCNB) on Wednesday, August 24. The insider NIGREL ANITA J bought $66. $963 worth of Suffolk Bancorp (NYSE:SCNB) shares were bought by GOODALE EDGAR F. Kelley Jeanne P had bought 5 shares worth $166 on Wednesday, August 24. WHITEHOUSE JAMES R bought 6 shares worth $199.
The stock increased 0.15% or $0.06 on November 25, hitting $41.25. About 8,647 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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By Linda Rogers