In a research note issued to investors, Travis Lan at KBW Upgraded Suffolk Bancorp (NASDAQ:SUBK) to a Buy. The analyst placed a $27.00 price target on the stock which indicates a 11.11% upside to the last closing price. In the year following Travis’s ratings, the stocks covered yield an average return of 3.7% according to TipRanks.com. In the past year 6 out of 9 recommendations or 67% were successful.
Wall Street sell-side analysts have placed a $27 one year price target on Suffolk Bancorp (NASDAQ:SUBK). This is the consensus average based on 1 firms who have recently issued reports on the equity.
The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 represents a Strong Buy and 5 represents a Strong Sell,Suffolk Bancorp (NASDAQ:SUBK) is ranked 2 based on 1 broker recommendations. Of the 1 analyst estimates, the most bullish sees the stock reaching $27 within the next 12 months while the most bearish analyst sees the stock at $27 within the year.
According to analysts, Suffolk Bancorp (NASDAQ:SUBK) is expected to report earnings per share for the current fiscal quarter of $0.33. This is the consensus mean estimate based on the individual covering sell-side firm’s reported numbers. The company last reported earnings for the period ending on 2015-03-31 of $0.34.
Suffolk Bancorp (Suffolk) is a 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. As of December 31, 2011, the Bank operated 30 full-service branch offices in Suffolk County, New York. It offers a range of domestic retail and commercial banking services, and wealth management services. The Bank offers a range of services, such as checking accounts, time and savings certificates, money market accounts, negotiable-order-of withdrawal accounts, and individual retirement accounts; secured and unsecured loans, including commercial loans to individuals, partnerships, and corporations, installment loans to finance small businesses, and automobile loans; home equity and real estate mortgage loans; trust and estate services; the sale of mutual funds and annuities, and maintenance of a master pension plan for self-employed individuals’ participation.