Insider Buying: Suffolk Bancorp Director Steven M. Cohen Acquires 1,000 Shares of Stock (SUBK)
Suffolk Bancorp (NASDAQ:SUBK) Director Steven M. Cohen bought 1,000 shares of Suffolk Bancorp stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $20.63 per share, for a total transaction of $20,630.00. Following the acquisition, the director now directly owns 8,100 shares in the company, valued at approximately $167,103. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Suffolk Bancorp (NASDAQ:SUBK) opened at 20.83 on Monday. Suffolk Bancorp has a one year low of $16.25 and a one year high of $23.08. The stock has a 50-day moving average of $21.04 and a 200-day moving average of $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 issued its quarterly earnings data 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. On average, analysts predict that Suffolk Bancorp will post $1.07 earnings per share 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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