Insider Buying: Suffolk Bancorp Director Buys 1,041 Shares of Stock (SUBK)
Suffolk Bancorp (NASDAQ:SUBK) Director David A. Kandell purchased 1,041 shares of Suffolk Bancorp stock in a transaction dated Thursday, August 28th. The stock was purchased at an average price of $20.42 per share, for a total transaction of $21,257.22. Following the completion of the transaction, the director now directly owns 23,972 shares in the company, valued at approximately $489,508. 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 up 1.52% on Friday, hitting $20.68. The stock had a trading volume of 4,744 shares. 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 $21.07 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 earnings per share for the quarter, beating the analysts’ 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.
Suffolk Bancorp (NASDAQ:SUBK) is a bank holding company for Suffolk County National Bank (the Bank).
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