Trading Report: Today, Suffolk Bancorp (SCNB) EVP Sold $122,340.00 in Stock

Today, Suffolk Bancorp (SCNB) EVP Sold $122,340.00 in Stock

Suffolk Bancorp (NYSE:SCNB) EVP Jeanne P. Kelley sold 3,000 shares of Suffolk Bancorp stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $40.78, for a total value of $122,340.00. Following the transaction, the executive vice president now directly owns 12,708 shares in the company, valued at $518,232.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Suffolk Bancorp (NYSE:SCNB) traded up 0.15% on Friday, hitting $41.25. The stock had a trading volume of 12,696 shares. The company has a market cap of $491.33 million, a P/E ratio of 24.98 and a beta of 0.88. Suffolk Bancorp has a 52-week low of $22.88 and a 52-week high of $41.80. The stock’s 50-day moving average is $36.88 and its 200-day moving average is $32.24.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were issued a $0.10 dividend. The ex-dividend date was Monday, November 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.97%. Suffolk Bancorp’s payout ratio is currently 24.10%.

Separately, Keefe, Bruyette & Woods downgraded Suffolk Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $30.00 to $33.50 in a report on Tuesday, August 9th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCNB. Chicago Capital Management LLC purchased a new position in Suffolk Bancorp during the second quarter valued at $9,683,000. Sphinx Trading LP purchased a new position in Suffolk Bancorp during the second quarter valued at $376,000. Bank of Montreal Can purchased a new position in Suffolk Bancorp during the second quarter valued at $105,000. Kassirer Asset Management Corp purchased a new position in Suffolk Bancorp during the second quarter valued at $4,862,000. Finally, Bank of New York Mellon Corp purchased a new position in Suffolk Bancorp during the second quarter worth approximately $2,106,000. 63.32% of the stock is currently owned by hedge funds and other institutional investors.

Suffolk Bancorp Company Profile

Related posts

Leave a Comment