Vivaldi Asset Management adds Suffolk Bancorp (SCNB) to its portfolio

Suffolk Bancorp (SCNB) : Vivaldi Asset Management added new position in Suffolk Bancorp during the most recent quarter end. The investment management firm now holds 290,542 shares of Suffolk Bancorp which is valued at $9,738,968 , the company said in a statement filed on Aug 9, 2016 with the SEC.Suffolk Bancorp makes up approximately 5.19% of Vivaldi Asset Management’s portfolio.

Other Hedge Funds, Including , Acrospire Investment Management sold out all of its stake in SCNB during the most recent quarter. The investment firm sold 1,604 shares of SCNB which is valued $53,638.Gsa Capital Partners Llp reduced its stake in SCNB by selling 5,000 shares or 26.61% in the most recent quarter. The Hedge Fund company now holds 13,792 shares of SCNB which is valued at $464,239. Suffolk Bancorp makes up approx 0.02% of Gsa Capital Partners Llp’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in SCNB in the latest quarter, The investment management firm added 231 additional shares and now holds a total of 20,590 shares of Suffolk Bancorp which is valued at $693,059.California Public Employees Retirement System reduced its stake in SCNB by selling 13,100 shares or 29.24% in the most recent quarter. The Hedge Fund company now holds 31,700 shares of SCNB which is valued at $1,040,711.

Many Wall Street Analysts have commented on Suffolk Bancorp. Suffolk Bancorp was Downgraded by Keefe Bruyette to ” Mkt Perform” on Aug 9, 2016. Suffolk Bancorp was Downgraded by Maxim Group to ” Hold” on Jun 28, 2016.

Suffolk Bancorp (Suffolk) is a 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 operates 26 branches in Nassau and Suffolk Counties New York and loan production offices in Garden City and Melville New York. 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. The Bank investment securities consist of United States Government agency securities obligations of states and political subdivisions collateralized mortgage obligations mortgage-backed securities and Corporate bonds. The Bank finances its activities through deposits borrowings and proceeds from maturities and sales of securities.

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