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SCNB

Suffolk Bancorp

$33.58

-0.89 (-2.58%)

13:30
10/13/16
10/13
13:30
10/13/16
13:30

Suffolk shareholders approve proposed merger with People's United Financial

Shareholders of Suffolk Bancorp approved the proposed merger of Suffolk and People's United Financial. Pending regulatory approval, and subject to the terms of the Agreement and Plan of Merger dated as of June 26, 2016, Suffolk will merge with and into People's United, and Suffolk County National Bank will merge with and into People's United Bank, National Association. Following the special meeting of Suffolk shareholders, Howard C. Bluver, President and Chief Executive Officer of Suffolk, said "We are very grateful to our shareholders for their overwhelming support of this transaction. Over 97% of the votes cast at the special meeting were in favor of the merger. With today's vote, we move one step closer to completing the transaction with People's United and further benefitting our shareholders, customers and the communities we serve."

  • 13

    Oct

SCNB Suffolk Bancorp
$33.58

-0.89 (-2.58%)

02/08/16
02/08/16
UPGRADE

On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Amedisys (AMED) upgraded to Outperform from Perform at Oppenheimer... American Campus (ACC) upgraded to Buy at Canaccord... Beacon Roofing (BECN) upgraded to Strong Buy from Outperform at Raymond James... Big 5 Sporting (BGFV) upgraded on potential Sports Authority closures at Stifel... CenterState Banks (CSFL) upgraded to Outperform from Market Perform at Fig Partners... Cisco (CSCO) upgraded to Neutral from Underperform at Macquarie... Dollar Tree (DLTR) upgraded to Outperform from Market Perform at Telsey Advisory... Dow Chemical (DOW) upgraded to Positive from Neutral at Susquehanna... Essex Property Trust (ESS) upgraded to Buy from Neutral at Mizuho... Globant (GLOB) upgraded to Buy from Neutral at Citi... Kinross Gold (KGC) upgraded on valuation, higher gold price at BMO Capital... L Brands (LB) upgraded to Buy from Hold at Brean Capital... Marvell (MRVL) upgraded to Buy from Sell at B. Riley... Munich Re (MURGY) upgraded to Neutral from Underperform at Credit Suisse... OM Asset Management (OMAM) upgraded to Buy from Neutral at Citi... Orbital ATK (OA) upgraded to Overweight from Sector Weight at KeyBanc... SCANA (SCG) upgraded to Buy from Neutral at Mizuho... Sensient (SXT) upgraded to Buy from Hold at Gabelli... St. Jude Medical (STJ) upgraded to Hold from Sell at Canaccord... Suffolk Bancorp (SCNB) upgraded to Outperform from Market Perform at Fig Partners... Supernus (SUPN) upgraded to Buy from Hold at Jefferies... Ultimate Software (ULTI) upgraded to Outperform from Market Perform at FBR Capital... ZAGG (ZAGG) upgraded to Outperform from Market Perform at Northland... athenahealth (ATHN) upgraded to Buy from Hold at Topeka.
06/28/16
MAXM
06/28/16
DOWNGRADE
MAXM
Hold
Suffolk Bancorp downgraded to Hold from Buy at Maxim
06/29/16
PIPR
06/29/16
UPGRADE
Target $14
PIPR
Neutral
People's United upgraded to Neutral from Underweight at Piper Jaffray
Piper Jaffray analyst Matthew Breese upgraded People's United Financial (PBCT) to Neutral saying the stock is fairly valued following the recent selloff. The company paid a "hefty price" for Suffolk Bancorp (SCNB), Breese tells investors in a research note. He keeps a $14 price target for People's.
08/09/16
KBWI
08/09/16
DOWNGRADE
Target $33.5
KBWI
Market Perform
Suffolk Bancorp downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Collyn Gilbert downgraded Suffolk Bancorp (SCNB) to Market Perform citing the pending acquisition by People's United (PBCT). The analyst has a $33.50 price target for the shares.

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