November 28, 2016 - By Linda Rogers
Anita Nigrel is the EVP & Chief Retail Officer of Suffolk Bancorp. She in the last few days bought 1 shares in the New York-based company with the purchase value totalling close to $40 U.S Dollars. The number is according to the reported price of $39.7 per share. At present, Anita Nigrel owns 3,883 shares which are about 0.03% of the Company’s total market cap. Anita made this trade on November 28, 2016. The filing is free at your disposal here at the (SEC) website.
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.
Teachers holds 17,066 shares or 0% of its portfolio. Banc Funds Ltd Liability holds 1.05 million shares or 1.92% of its portfolio. Dimensional Fund Advsr Lp owns 565,598 shares or 0.01% of their US portfolio. Springbok Capital Management Lc has 0.07% invested in the company for 16,001 shares. New York State Common Retirement Fund has 11,600 shares for 0% of their US portfolio. Polar Asset Mgmt Partners accumulated 17,500 shares or 0.02% of the stock. Wells Fargo And Company Mn reported 3,786 shares or 0% of all its holdings. Blackrock, a New York-based fund reported 2,070 shares. Geode Capital Management last reported 0% of its portfolio in the stock. Stifel Financial Corp last reported 11,755 shares in the company. Walleye Trading Limited holds 0.01% or 49,008 shares in its portfolio. Tudor Invest Et Al holds 150,100 shares or 0.1% of its portfolio. Panagora Asset Mngmt, a Massachusetts-based fund reported 53,042 shares. Ulysses Mgmt Ltd Liability Co accumulated 100,445 shares or 0.37% of the stock. Moreover, Bank & Trust Of Montreal Can has 0% invested in Suffolk Bancorp (NYSE:SCNB) for 3,366 shares.
Insider Transactions: Since August 24, 2016, the stock had 14 insider purchases, and 1 insider sale for $108,072 net activity. Gaviola Joseph A had bought 19 shares worth $631 on Wednesday, August 24. KANDELL DAVID A bought 35 shares worth $1,388. DANOWSKI JAMES E also bought $1,904 worth of Suffolk Bancorp (NYSE:SCNB) on Wednesday, November 23. On Tuesday, November 22 Kelley Jeanne P sold $122,180 worth of the stock or 2,996 shares. On Wednesday, August 24 the insider NIGREL ANITA J bought $66. On Wednesday, November 23 MEYER TERENCE X bought $1,745 worth of the stock or 44 shares. GOODALE EDGAR F bought 25 shares worth $992.
About 15,881 shares traded hands. Suffolk Bancorp (NYSE:SCNB) has risen 68.23% since April 25, 2016 and is uptrending. It has outperformed by 62.22% the S&P500.
Suffolk Bancorp is the bank holding firm for Suffolk County National Bank of Riverhead . The company has a market cap of $487.54 million. The Bank is a community bank, which offers commercial and retail banking services to its customers. It has a 24.72 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 $5.13 million for 23.77 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 Streetinsider.com with their article: “Form 4 SUFFOLK BANCORP For: Nov 23 Filed by: HILTON CHRISTOPHER J” published on November 28, 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