Today it was reported that a Director at ConnectOne Bancorp (CNOB), Harold Schechter, exercised options to buy 3,473 CNOB shares at $12.52 a share, for a total transaction value of $43.48K.
This recent transaction increases Harold Schechter’s holding in the company by 11.46% to a total of $673.7K.
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Based on ConnectOne Bancorp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $58.74 million and quarterly net profit of $18.63 million. In comparison, last year the company earned revenue of $51.88 million and had a net profit of $4.24 million. CNOB’s market cap is $645M and the company has a P/E ratio of 10.72. Currently, ConnectOne Bancorp has an average volume of 13.87K.
The insider sentiment on ConnectOne Bancorp has been positive according to 53 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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ConnectOne Bancorp, Inc. operates as holding company which engages in the ownership and control of ConnectOne Bank. It offers commercial and business loans which are primarily funded by relationship-based core deposit accounts. The company was founded on November 12, 1982 and is headquartered in Englewood Cliffs, NJ.
