Suffolk Bancorp (SUBK) Insider Lifts Exposure By 1,000 Shares

Suffolk Bancorp (NASDAQ:SUBK), saw an insider improve his positioning with the company. President and Chief Executive Officer Howard C. Bluver bought 1,000 shares of common stock at an average price of $22.05 per share, and following the transaction, holds a total of 40,000 shares directly in the company. Suffolk Bancorp (NASDAQ:SUBK) is a $ 256.25 million market cap bank holding company for Suffolk County National Bank (the Bank). The Company provides banking services to its commercial and retail customers in Suffolk County, on Long Island, New York.
In addition, there are multiple hedge funds involved with the company. Matthew Lindenbaum‘s Basswood Capital rose its activity by 34% last quarter, and now has 673,247 shares worth about $15 million; while Emanuel J. Friedman‘s Ejf Capital fund showed no change in its holdings last quarter, and maintained its position of having 448,223 shares worth nearly $10 million invested in Suffolk Bancorp (NASDAQ:SUBK).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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