Suffolk Bancorp Director Purchases $21,257 in 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 shares were purchased at an average price of $20.42 per share, for a total transaction of $21,257.22. Following the completion of the acquisition, the director now directly owns 23,972 shares of the company’s stock, valued at approximately $489,508. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Suffolk Bancorp (NASDAQ:SUBK) traded up 2.31% during mid-day trading on Friday, hitting $20.84. 4,844 shares of the company’s stock traded hands. 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 $21.07 and a 200-day moving average of $21.49. The company has a market cap of $242.8 million and a P/E ratio of 16.04.
Suffolk Bancorp (NASDAQ:SUBK) last announced its 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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