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Suffolk Bancorp (NASDAQ:SUBK) CEO Howard C. Bluver bought 1,000 shares of the stock on the open market in a transaction dated Monday, August 11th. The shares were purchased at an average cost of $22.05 per share, for a total transaction of $22,050.00. Following the purchase, the chief executive officer now directly owns 40,000 shares in the company, valued at approximately $882,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Suffolk Bancorp in a research note on Thursday, June 26th. They set a “market perform” rating and a $22.00 price target on the stock.

Suffolk Bancorp (NASDAQ:SUBK) traded down 0.18% during mid-day trading on Monday, hitting $21.86. 15,855 shares of the company’s stock traded hands. Suffolk Bancorp has a one year low of $16.25 and a one year high of $23.08. The stock’s 50-day moving average is $21.62 and its 200-day moving average is $21.36. The company has a market cap of $254.7 million and a price-to-earnings ratio of 17.24.

Suffolk Bancorp (NASDAQ:SUBK) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.01. On average, analysts predict that Suffolk Bancorp will post $1.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Monday, August 11th.

Suffolk Bancorp (NASDAQ:SUBK) is a bank holding company for Suffolk County National Bank (the Bank).

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