Dimensional Fund Advisors LP decreased its position in Suffolk Bancorp (NYSE:SCNB) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 562,423 shares of the bank’s stock after selling 400 shares during the period. Dimensional Fund Advisors LP’s holdings in Suffolk Bancorp were worth $22,728,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in Suffolk Bancorp by 2.4% in the fourth quarter. State Street Corp now owns 200,723 shares of the bank’s stock valued at $8,595,000 after buying an additional 4,766 shares during the period. Beacon Trust Co. increased its stake in Suffolk Bancorp by 153.9% in the first quarter. Beacon Trust Co. now owns 122,056 shares of the bank’s stock valued at $5,193,000 after buying an additional 73,978 shares during the period. OMERS ADMINISTRATION Corp increased its stake in Suffolk Bancorp by 5.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 45,500 shares of the bank’s stock valued at $1,839,000 after buying an additional 2,200 shares during the period. Vivaldi Asset Management LLC increased its stake in Suffolk Bancorp by 7.1% in the first quarter. Vivaldi Asset Management LLC now owns 303,235 shares of the bank’s stock valued at $12,254,000 after buying an additional 20,225 shares during the period. Finally, Vivaldi Capital Management LLC bought a new stake in Suffolk Bancorp during the first quarter valued at $2,001,386,000. 58.84% of the stock is owned by institutional investors and hedge funds.
Suffolk Bancorp (SCNB) traded down 1.25% during midday trading on Friday, hitting $40.41. 2,197,963 shares of the stock traded hands. Suffolk Bancorp has a 1-year low of $22.88 and a 1-year high of $44.70. The company has a 50-day moving average of $41.69 and a 200-day moving average of $39.82.
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Suffolk Bancorp Company Profile
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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