A Director at Suffolk Bancorp (NASDAQ: SCNB) is Selling Shares

By Carrie Williams

Today, a Director at Suffolk Bancorp (NASDAQ: SCNB), John D. Stark, sold shares of SCNB for $170.3K.

This is Stark’s first Sell trade following 84 Buy transactions. Following John D. Stark’s last SCNB Sell transaction on May 26, 2016, the stock climbed by 17.6%.

Based on Suffolk Bancorp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $20.96 million and quarterly net profit of $3.73 million. In comparison, last year the company earned revenue of $20.83 million and had a net profit of $3.64 million. The company has a one year high of $44.70 and a one year low of $22.88. SCNB’s market cap is $510.4M and the company has a P/E ratio of 25.76.

The insider sentiment on Suffolk Bancorp has been neutral according to 68 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

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Suffolk Bancorp operates as a bank holding company, which engages in the commercial banking business through its subsidiary, Suffolk County National Bank. Its services include checking accounts, savings accounts, time and savings certificates, money market accounts, holiday club accounts, and individual retirement account, secured and unsecured loans. The company was founded in 1985 and is headquartered in Riverhead, NY.