Insider Buying: Suffolk Bancorp CEO Buys 1,000 Shares of Stock (SUBK)
Suffolk Bancorp (NASDAQ:SUBK) CEO Howard C. Bluver purchased 1,000 shares of Suffolk Bancorp stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $22.05 per share, with a total value of $22,050.00. Following the completion of the transaction, the chief executive officer now directly owns 40,000 shares in the company, valued at approximately $882,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Suffolk Bancorp (NASDAQ:SUBK) opened at 21.90 on Tuesday. Suffolk Bancorp has a 52 week low of $16.25 and a 52 week high of $23.08. The stock has a 50-day moving average of $21.57 and a 200-day moving average of $21.3. The company has a market cap of $255.2 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 earnings per share (EPS) for the quarter, beating the 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 announced a quarterly dividend, which is scheduled for Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, August 11th.
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) is a bank holding company for Suffolk County National Bank (the Bank).
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