Goldman Sachs Group Inc. increased its stake in Suffolk Bancorp (NYSE:SCNB) by 121.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 67,567 shares of the bank’s stock after buying an additional 37,075 shares during the period. Goldman Sachs Group Inc.’s holdings in Suffolk Bancorp were worth $2,730,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of SCNB. American International Group Inc. boosted its position in 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 in the last quarter. Teachers Advisors LLC raised 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. Credit Suisse AG raised its stake in shares of Suffolk Bancorp by 8.1% in the first quarter. Credit Suisse AG now owns 13,232 shares of the bank’s stock worth $534,000 after buying an additional 995 shares during the last quarter. Russell Investments Group Ltd. raised 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. Finally, OMERS ADMINISTRATION Corp raised 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. 58.84% of the stock is currently owned by institutional investors.
Shares of Suffolk Bancorp (NYSE:SCNB) opened at 40.41 on Friday. Suffolk Bancorp has a 12-month low of $22.88 and a 12-month high of $44.70. The firm’s 50-day moving average price is $41.69 and its 200-day moving average price is $39.82.
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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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