Connectone Bancorp, Inc. (CNOB) Files Form 4 Insider Selling : William Thompson Sells 780 Shares

Connectone Bancorp, Inc. (CNOB): William Thompson , director of Connectone Bancorp, Inc. sold 780 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $16.16 per share for a total value of $12,604.80 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On Apr 21, 2016, Frederick S Fish (director) purchased 493 shares at $18.51 per share price.On Feb 1, 2016, Stephen T. Boswell (director) purchased 1,700 shares at $16.47 per share price.

ConnectOne Bancorp Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in ConnectOne Bancorp Inc which led to swings in the share price. The shares opened for trading at $15.69 and hit $16.13 on the upside , eventually ending the session at $16, with a gain of 1.01% or 0.16 points. The heightened volatility saw the trading volume jump to 36,664 shares. The 52-week high of the share price is $22.55 and the company has a market cap of $483 M . The 52-week low of the share price is at $14.86.

ConnectOne Bancorp Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.ConnectOne Bancorp Inc is Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $21. The Rating was issued on Jun 2, 2016.ConnectOne Bancorp Inc is Initiated by Piper Jaffray to Overweight. The Rating was issued on Mar 7, 2016.

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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