Glassman Wealth Services Has $101,000 Position in Suffolk Bancorp (SCNB)

Glassman Wealth Services continued to hold its position in shares of Suffolk Bancorp (NYSE:SCNB) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,500 shares of the bank’s stock at the end of the first quarter. Glassman Wealth Services’ holdings in Suffolk Bancorp were worth $101,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SCNB. American International Group Inc. raised its position in shares of Suffolk Bancorp by 7.2% in the first quarter. American International Group Inc. now owns 7,054 shares of the bank’s stock worth $285,000 after buying an additional 471 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Suffolk Bancorp by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 17,679 shares of the bank’s stock worth $757,000 after buying an additional 613 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Suffolk Bancorp by 47.4% in the first quarter. Russell Investments Group Ltd. now owns 5,753 shares of the bank’s stock worth $232,000 after buying an additional 1,851 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Suffolk Bancorp by 5.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 45,500 shares of the bank’s stock worth $1,839,000 after buying an additional 2,200 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Suffolk Bancorp during the first quarter worth about $148,000. 58.84% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Suffolk Bancorp (NYSE:SCNB)

Shares of Suffolk Bancorp (NYSE:SCNB) traded down 1.25% during mid-day trading on Friday, reaching $40.41. 2,197,963 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $41.69 and a 200 day moving average price of $39.82. Suffolk Bancorp has a 52-week low of $22.88 and a 52-week high of $44.70.

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Separately, Keefe, Bruyette & Woods set a $43.00 target price on shares of Suffolk Bancorp and gave the stock a “hold” rating in a research report on Saturday, March 18th.

About Suffolk Bancorp

Suffolk Bancorp is the bank holding company for Suffolk County National Bank of Riverhead (the Bank). The Bank is a community bank, which offers commercial and retail banking services to its customers. The Bank makes commercial real estate floating and fixed rate loans, multifamily and mixed use commercial loans primarily in the boroughs of New York City, commercial and industrial loans to manufacturers, wholesalers, distributors, developers/contractors and retailers and agricultural loans.

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