Insider Buying: Suffolk Bancorp Director Acquires $21,257 in Stock (SUBK)
Suffolk Bancorp (NASDAQ:SUBK) Director David A. Kandell purchased 1,041 shares of Suffolk Bancorp stock on the open market 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 of the company’s stock, valued at approximately $489,508. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Suffolk Bancorp (NASDAQ:SUBK) opened at 20.83 on Monday. Suffolk Bancorp has a 52-week low of $16.25 and a 52-week high of $23.08. The stock’s 50-day moving average is $21.04 and its 200-day moving average is $21.51. The company has a market cap of $242.7 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 (EPS) for the quarter, beating the 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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