Insider Buying: Suffolk Bancorp Director Purchases 1,041 Shares of 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 that occurred on Thursday, August 28th. The shares were purchased at an average cost of $20.42 per share, for a total transaction of $21,257.22. Following the purchase, the director now directly owns 23,972 shares of the company’s stock, valued at approximately $489,508. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Suffolk Bancorp (NASDAQ:SUBK) opened at 20.83 on Tuesday. 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 price-to-earnings ratio of 16.04.
Suffolk Bancorp (NASDAQ:SUBK) last announced its 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. 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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