Suffolk Bancorp (SUBK) Stock Value Were Volatile While Banc Funds Co LLC Cut Holding

July 17, 2017 - By reb123z

Investors sentiment increased to 1.52 in Q4 2016. Its up 0.70, from 0.82 in 2016Q3. It improved, as 3 investors sold SUBK shares while 22 reduced holdings. 17 funds opened positions while 21 raised stakes. 6.01 million shares or 1.81% less from 6.12 million shares in 2016Q3 were reported. New York-based Basswood Capital Mngmt Ltd has invested 0.17% in Suffolk Bancorp (NYSE:SCNB). Credit Suisse Ag accumulated 0% or 12,237 shares. Carlson Capital Limited Partnership reported 82,960 shares. Moreover, D E Shaw & has 0% invested in Suffolk Bancorp (NYSE:SCNB) for 7,023 shares. 465,370 were reported by Vanguard Group Inc Inc. Alliancebernstein LP holds 0% or 5,962 shares. Blackrock Investment Mgmt Lc accumulated 0% or 49,321 shares. Dimensional Fund Advisors LP holds 562,823 shares or 0.01% of its portfolio. The Colorado-based Alps Advisors has invested 0% in Suffolk Bancorp (NYSE:SCNB). Bnp Paribas Arbitrage holds 0.03% or 150,546 shares in its portfolio. Swiss Commercial Bank invested in 0% or 19,546 shares. Moreover, Jpmorgan Chase & has 0% invested in Suffolk Bancorp (NYSE:SCNB) for 139,604 shares. Bank Of Ny Mellon has 73,405 shares for 0% of their portfolio. Blackrock Institutional Trust Na accumulated 414,662 shares. Susquehanna International Grp Inc Limited Liability Partnership holds 18,351 shares.

Since February 9, 2017, it had 0 buys, and 5 insider sales for $1.83 million activity. Gaviola Joseph A sold $145,327 worth of stock. Stark John D JR also sold $85,073 worth of Suffolk Bancorp (NYSE:SCNB) on Wednesday, February 22. GOODALE EDGAR F had sold 24,391 shares worth $1.00 million. MEYER TERENCE X had sold 10,000 shares worth $425,550 on Friday, February 17.

Banc Funds Co Llc decreased its stake in Suffolk Bancorp (SUBK) by 11.18% based on its latest 2016Q4 regulatory filing with the SEC. Banc Funds Co Llc sold 117,420 shares as the company’s stock 0.00% . The hedge fund held 932,743 shares of the major banks company at the end of 2016Q4, valued at $39.94 million, down from 1.05 million at the end of the previous reported quarter. Banc Funds Co Llc who had been investing in Suffolk Bancorp for a number of months, seems to be less bullish one the $476.63M market cap company. It closed at $40.41 lastly. It is down 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Banc Funds Co Llc, which manages about $1.41 billion and $2.36B US Long portfolio, upped its stake in Western New England Bancorp Inc. by 347,794 shares to 838,287 shares, valued at $7.84M in 2016Q4, according to the filing. It also increased its holding in Horizon Bancorp (NASDAQ:HBNC) by 111,427 shares in the quarter, for a total of 334,284 shares, and has risen its stake in Veritex Holdings Inc..

More notable recent Suffolk Bancorp (NYSE:SCNB) news were published by: Newsday.com which released: “Suffolk County National Bank laying off 76, filing shows” on November 01, 2016, also Newsday.com with their article: “Shareholders approve acquisition of Suffolk Bancorp” published on October 14, 2016, Newsday.com published: “People’s Bank closing in on Suffolk County National Bank” on February 07, 2017. More interesting news about Suffolk Bancorp (NYSE:SCNB) were released by: Prnewswire.com and their article: “People’s United Financial, Inc. Completes Acquisition of Suffolk Bancorp” published on April 03, 2017 as well as Prnewswire.com‘s news article titled: “People’s United Financial, Inc. To Acquire Suffolk Bancorp” with publication date: June 27, 2016.

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