Insider Buying: Suffolk Bancorp Director Acquires 1,000 Shares of Stock (SUBK)
Suffolk Bancorp (NASDAQ:SUBK) Director Steven M. Cohen bought 1,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average cost of $20.63 per share, with a total value of $20,630.00. Following the completion of the acquisition, the director now directly owns 8,100 shares in the company, valued at approximately $167,103. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Suffolk Bancorp (NASDAQ:SUBK) traded up 1.52% on Friday, hitting $20.68. The stock had a trading volume of 4,744 shares. Suffolk Bancorp has a 1-year low of $16.25 and a 1-year high of $23.08. The stock’s 50-day moving average is $21.07 and its 200-day moving average is $21.49. The company has a market cap of $241.0 million and a P/E ratio of 16.04.
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. Analysts expect that Suffolk Bancorp will post $1.07 EPS for the current fiscal year.
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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