The COB, Pres & CEO of ConnectOne Bancorp is Exercising Options

By Carrie Williams

Today, the COB, Pres & CEO of ConnectOne Bancorp, Frank Sorrentino, exercised options of ConnectOne Bancorp for $21.95K.

Following Frank Sorrentino’s last CNOB Buy transaction on June 08, 2017, the stock climbed by 2.6%. This is Sorrentino’s first Buy trade following 3 Sell transactions.

Based on ConnectOne Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $48.09 million and quarterly net profit of $13.04 million. In comparison, last year the company earned revenue of $46.75 million and had a net profit of $11.86 million. The company has a one-year high of $28.20 and a one-year low of $21.04. CNOB’s market cap is $834M and the company has a P/E ratio of 27.42.

Starting in April 2015, CNOB received 27 Buy ratings in a row. Four different firms, including B.Riley FBR and KBW, currently also have a Buy rating on the stock.

The insider sentiment on ConnectOne Bancorp has been positive according to 30 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.