Stock Trading at Suffolk Bancorp (SUBK): 2 Insiders Buy Shares

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 Suffolk Bancorp (NASDAQ:SUBK) saw two of its insiders acquire stock this week.

On the one hand, Director A David Kandell bought 46,695 shares of Common Stock, directly, for a price of $19.12 each on August 27th. Next day, he directly bought 800 shares of Common Stock, and 200 shares indirectly by his Spouse (IRA) at a price of $20.473. All these transactions were made for a total value of  $798,785.  Following the filling, Mr. Kandell now directly owns 23,972.465 shares, and indirectly 701 shares by his Spouse (IRA) and 501 shares by his Son.

Then, F Edgar Goodale also acquired through an open market transaction on August 27th 301.621 shares of Suffolk Bancorp (NASDAQ:SUBK)’s Common Stock. He bought them at a price of $19,12 each, for a total value of $5,756. Following the filling, Mr. Goodale directly owns 108,315.712 shares.

Furthermore, Suffolk Bancorp (NASDAQ:SUBK)’s largest hedge fund shareholder decided as well to increase its stake in the company. Matthew Lindenbaum’s Basswood Capital –owner of over a million shares- augmented his participation in the $240.64 million market cap firm by a 57%.

Disclosure: Pamela Gaviño holds no position in any of the stocks and funds mentioned.

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