November 28, 2016 - By Nellie Frank
As stated in a public document filed with the SEC on November 28, 2016, Christopher Hilton, EVP & Chief Credit Officer of Suffolk Bancorp and a well informed man, acquired 9 shares of the firm for approx. $357 U.S Dollars at average stock price per share of $39.7. This purchase decreased his ownership of the Company to 0.05% stock market cap or 6,342 shares.
Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. 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.
State Street Corp reported 197,811 shares or 0% of all its holdings. Carlson Capital L P holds 423,600 shares or 0.16% of its portfolio. The Texas-based Dimensional Fund Limited Partnership has invested 0.01% in Suffolk Bancorp (NYSE:SCNB). Prudential Financial holds 0% or 14,423 shares in its portfolio. Invesco holds 38,212 shares or 0% of its portfolio. Morgan Stanley holds 236,460 shares or 0% of its portfolio. Legal General Group Inc Public Limited Company reported 2,354 shares or 0% of all its holdings. Teachers Advsr holds 0% or 17,066 shares in its portfolio. The New York-based Basswood Cap Mngmt Limited Liability Com has invested 0.17% in Suffolk Bancorp (NYSE:SCNB). Gardner Lewis Asset Limited Partnership holds 0.11% or 33,433 shares in its portfolio. Blackrock Institutional Tru Na holds 413,443 shares or 0% of its portfolio. Moreover, Polar Asset Mngmt Prtnrs Incorporated has 0.02% invested in Suffolk Bancorp (NYSE:SCNB) for 17,500 shares. Northern Trust Corporation, a Illinois-based fund reported 126,047 shares. Moreover, Cornerstone Capital Holdg Lc has 0% invested in Suffolk Bancorp (NYSE:SCNB) for 100 shares. Stifel Fincl has invested 0% of its portfolio in Suffolk Bancorp (NYSE:SCNB).
Insider Transactions: Since August 24, 2016, the stock had 14 insider buys, and 1 insider sale for $108,072 net activity. 53 Suffolk Bancorp (NYSE:SCNB) shares with value of $1,760 were bought by MEYER TERENCE X. Shares for $1,388 were bought by KANDELL DAVID A on Wednesday, November 23. Shares for $199 were bought by WHITEHOUSE JAMES R on Wednesday, August 24. $166 worth of Suffolk Bancorp (NYSE:SCNB) was bought by Kelley Jeanne P on Wednesday, August 24. $963 worth of Suffolk Bancorp (NYSE:SCNB) shares were bought by GOODALE EDGAR F. DANOWSKI JAMES E bought $1,904 worth of stock. On Wednesday, August 24 the insider Gaviola Joseph A bought $631.
About 9,825 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 $490.28 million. The Bank is a community bank, which offers commercial and retail banking services to its customers. It has a 24.86 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 $5.13 million for 23.90 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: Newsday.com which released: “People’s United to buy Suffolk Bancorp for $402 million” on June 27, 2016, also Marketwatch.com with their article: “Suffolk Bancorp’s stock runs up 29% to lead NYSE gainers after People’s United ..” published on December 23, 2015, Newsday.com published: “Shareholder suit seeks to block Suffolk Bancorp deal” on August 09, 2016. More interesting news about Suffolk Bancorp (NYSE:SCNB) were released by: Streetinsider.com and their article: “Form 4 SUFFOLK BANCORP For: Nov 23 Filed by: HILTON CHRISTOPHER J” published on November 28, 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 Nellie Frank