Banc Funds Co LLC Stake in Suffolk Bancorp (SUBK) Decreased as Stock Price Were Volatile

July 17, 2017 - By Henry Gaston

Investors sentiment increased to 1.52 in Q4 2016. Its up 0.70, from 0.82 in 2016Q3. It improved, as 3 investors sold SUBK shares while 22 reduced holdings. 17 funds opened positions while 21 raised stakes. 6.01 million shares or 1.81% less from 6.12 million shares in 2016Q3 were reported. Prudential Fincl Inc stated it has 14,423 shares or 0% of all its holdings. D E Shaw & Com Inc invested in 7,023 shares. Basswood Cap Ltd Com holds 0.17% or 92,163 shares. Nationwide Fund has invested 0% in Suffolk Bancorp (NYSE:SCNB). California State Teachers Retirement holds 0.01% or 73,610 shares in its portfolio. Carlson LP accumulated 82,960 shares. Tfs Limited Liability Corporation reported 0.05% of its portfolio in Suffolk Bancorp (NYSE:SCNB). Prelude Mngmt Ltd has 18,618 shares for 0.1% of their portfolio. Moreover, Beacon Tru Co has 0.34% invested in Suffolk Bancorp (NYSE:SCNB). New York State Common Retirement Fund holds 0% or 11,600 shares. Metropolitan Life Insur New York, New York-based fund reported 8,814 shares. Tiaa Cref Inv Mngmt holds 52,094 shares. Blackrock Mgmt Ltd Co holds 0% of its portfolio in Suffolk Bancorp (NYSE:SCNB) for 49,321 shares. Credit Suisse Ag has invested 0% in Suffolk Bancorp (NYSE:SCNB). Northern Corporation accumulated 129,249 shares or 0% of the stock.

Since February 9, 2017, it had 0 buys, and 5 insider sales for $1.83 million activity. $145,327 worth of Suffolk Bancorp (NYSE:SCNB) was sold by Gaviola Joseph A. 10,000 shares were sold by MEYER TERENCE X, worth $425,550 on Friday, February 17. Stark John D JR sold $85,073 worth of Suffolk Bancorp (NYSE:SCNB) on Wednesday, February 22. Shares for $1.00M were sold by GOODALE EDGAR F on Thursday, February 9.

Banc Funds Co Llc decreased its stake in Suffolk Bancorp (SUBK) by 11.18% based on its latest 2016Q4 regulatory filing with the SEC. Banc Funds Co Llc sold 117,420 shares as the company’s stock 0.00% . The hedge fund held 932,743 shares of the major banks company at the end of 2016Q4, valued at $39.94 million, down from 1.05 million at the end of the previous reported quarter. Banc Funds Co Llc who had been investing in Suffolk Bancorp for a number of months, seems to be less bullish one the $476.63 million market cap company. It closed at $40.41 lastly. It is down 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Banc Funds Co Llc, which manages about $1.41B and $2.36B US Long portfolio, upped its stake in Malvern Bancorp Inc. (NASDAQ:MLVF) by 325,275 shares to 561,994 shares, valued at $11.89M in 2016Q4, according to the filing. It also increased its holding in National Bank Holdings Corporation (NYSE:NBHC) by 184,060 shares in the quarter, for a total of 815,520 shares, and has risen its stake in Servisfirst Bancshares Inc. (NASDAQ:SFBS).

More notable recent Suffolk Bancorp (NYSE:SCNB) news were published by: Newsday.com which released: “Shareholders approve acquisition of Suffolk Bancorp” on October 14, 2016, also Prnewswire.com with their article: “People’s United Financial, Inc. To Acquire Suffolk Bancorp” published on June 27, 2016, Prnewswire.com published: “People’s United Financial, Inc. Completes Acquisition of Suffolk Bancorp” on April 03, 2017. More interesting news about Suffolk Bancorp (NYSE:SCNB) were released by: Newsday.com and their article: “Suffolk County National Bank laying off 76, filing shows” published on November 01, 2016 as well as Newsday.com‘s news article titled: “People’s Bank closing in on Suffolk County National Bank” with publication date: February 07, 2017.

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