Revenue Update on ConnectOne Bancorp Inc(NASDAQ:CNOB)

ConnectOne Bancorp Inc(NASDAQ:CNOB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $33.39M. Analysts estimated a revenue of $12.17M. Earnings per share were $0.38.

In a different note, FBR Capital said it Initiates Coverage on ConnectOne Bancorp Inc, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Outperform’ by the firm.

ConnectOne Bancorp Inc (CNOB) shares turned negative on Thursdays trading session with the shares closing down -0.3 points or -1.74% at a volume of 68,786. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.14. The peak price level was also seen at $17.14 while the days lowest was $16.89. Finally the shares closed at $16.93. The 52-week high of the shares is $21.92 while the 52-week low is $14.86. According to the latest information available, the market cap of the company is $511 M.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, William Thompson (director) sold 780 shares at $16.16 per share price.Also, On May 18, 2016, Frank Iii Sorrentino (Chairman, President & CEO) sold 6,095 shares at $16.01 per share price.On May 4, 2016, Nicholas Minoia (director) purchased 1,500 shares at $16.91 per share price, according to the Form-4 filing with the securities and exchange commission.

ConnectOne Bancorp Inc is the bank holding company of ConnectOne Bank (the Bank) a New Jersey-chartered commercial bank. The Bank offers range of deposit and loan products and services and other banking services. The Bank’s products and services include personal and business checking accounts retirement accounts money market accounts time and savings accounts credit cards wire transfers access to automated teller services Internet banking Treasury Direct ACH origination lockbox services and mobile banking by phone. The Company’s banking offices are located in Bergen Union Morris Essex Hudson Mercer and Monmouth Counties in New Jersey. The Bank’s market area includes Bergen Union Morris Essex Hudson Mercer and Monmouth counties New Jersey.

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