Today it was reported that the COB, Pres & CEO of ConnectOne Bancorp (CNOB), Frank Sorrentino, exercised options to buy 11,687 CNOB shares at $4.62 a share, for a total transaction value of $53.99K. The options were close to expired and Frank Sorrentino retained stocks.
Following this transaction Frank Sorrentino’s holding in the company was increased by 1.86% to a total of $11.89 million.
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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 $48.09 million and had a net profit of $13.04 million. CNOB’s market cap is $594.8M and the company has a P/E ratio of 11.43. Currently, ConnectOne Bancorp has an average volume of 71.79K.
The insider sentiment on ConnectOne Bancorp has been positive according to 47 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 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.
