Today it was reported that a Director at ConnectOne Bancorp (CNOB), Harold Schechter, exercised options to buy 13,892 CNOB shares at $8.73 a share, for a total transaction value of $121.4K. The options were close to expired and Harold Schechter retained stocks.
Following this transaction Harold Schechter’s holding in the company was increased by 232.04% to a total of $609.6K. Following Harold Schechter’s last CNOB Buy transaction on December 12, 2014, the stock climbed by 2.9%.
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Based on ConnectOne Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $56.78 million and quarterly net profit of $19.86 million. In comparison, last year the company earned revenue of $52.24 million and had a net profit of $10.55 million. CNOB’s market cap is $648.7M and the company has a P/E ratio of 12.46. Currently, ConnectOne Bancorp has an average volume of 39.06K.
The insider sentiment on ConnectOne Bancorp has been positive according to 46 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Harold Schechter’s trades have generated a -0.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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ConnectOne Bancorp, Inc is a 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.
