Bill Gross warns on gold momentum as regional bank stocks tumble
Joseph T. Javitz, Executive Vice President and Chief Credit Officer at ConnectOne Bancorp (NASDAQ:CNOB), a regional bank with a market capitalization of $1.27 billion, sold 1,700 shares of common stock on September 3, 2025, according to a Form 4 filing with the Securities and Exchange Commission.
The shares were sold at a price of $25.46, for a total transaction value of $43,282. Following the transaction, Javitz directly owns 21,145.78 shares of ConnectOne Bancorp. The stock, which offers a 2.83% dividend yield and has maintained dividend payments for over five decades, currently trades near analysts’ consensus target of $29 per share. According to InvestingPro analysis, which offers 6 additional key insights about CNOB, the stock appears to be trading at a premium to its Fair Value.
In other recent news, ConnectOne Bancorp reported its financial results for the second quarter of 2025, revealing a notable miss on earnings per share (EPS) expectations. The company posted an EPS of -$0.52, which was below the forecast of -$0.4075, resulting in a 27.61% negative surprise. However, the company exceeded revenue expectations, reporting $84.65 million compared to the anticipated $83.73 million. Additionally, ConnectOne Bancorp announced plans to redeem all $75 million of its outstanding subordinated debentures, which are set to mature on June 15, 2030. This redemption is scheduled to be effective on September 15, 2025, as stated in their filing with the Securities and Exchange Commission. The company did not provide further details regarding the rationale behind this decision. These developments come amidst a period of careful observation by investors and analysts.
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