Today: 3,000 Shares of Stock are sold by Suffolk Bancorp (SCNB) EVP Jeanne P. Kelley

Today: 3,000 Shares of Stock are sold by Suffolk Bancorp (SCNB) EVP Jeanne P. Kelley

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

Suffolk Bancorp (NYSE:SCNB) opened at 41.25 on Monday. Suffolk Bancorp has a 12-month low of $22.88 and a 12-month high of $41.80. The company’s 50 day moving average is $37.12 and its 200 day moving average is $32.36. The firm has a market cap of $491.33 million, a price-to-earnings ratio of 24.98 and a beta of 0.88.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Banc Funds Co. LLC purchased a new position in Suffolk Bancorp during the second quarter worth about $32,881,000. Dimensional Fund Advisors LP purchased a new position in Suffolk Bancorp during the second quarter worth about $17,709,000. Morgan Stanley raised its position in Suffolk Bancorp by 130.6% in the third quarter. Morgan Stanley now owns 545,308 shares of the company’s stock worth $18,960,000 after buying an additional 308,848 shares during the last quarter. Vanguard Group Inc. purchased a new position in Suffolk Bancorp during the second quarter worth about $15,166,000. Finally, Chicago Capital Management LLC raised its position in Suffolk Bancorp by 40.8% in the third quarter. Chicago Capital Management LLC now owns 435,432 shares of the company’s stock worth $15,140,000 after buying an additional 126,156 shares during the last quarter. Institutional investors and hedge funds own 61.20% of the company’s stock.

Separately, Keefe, Bruyette & Woods cut shares of Suffolk Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $30.00 to $33.50 in a research note on Tuesday, August 9th.

Suffolk Bancorp Company Profile

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