|Day Low/High||23.95 / 24.45|
|52 Wk Low/High||14.86 / 21.93|
The plight of taxi medallion owners and the banks that lent to them continues, and Medallion Financial appears to be under-reserved.
The FDIC has released positive data for community banks, but these 14 banks have rallied too far too fast.
The most recent short interest data was recently released for the 03/31/2016 settlement date, and ConnectOne Bancorp Inc is one of the most shorted stocks of the Russell 3000, based on 16.54 "days to cover" versus the median component at 6.18. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.
The FDIC Quarterly Banking Profile shows community banks aren't positioned to help stimulate economic growth on Main Street.
Stocks with insider trader activity include VLGEA, DOOR and CNOB
The FDIC Quarterly Banking Profile for the fourth quarter shows a banking industry that is not well positioned to help stimulate economic growth.
Among these 14 community banks, seven are in correction territory and six are in bear market territory -- not a positive backdrop as these banks report earnings.
Taxi applications are on the rise in San Francisco, a potential sign that drivers aren't happy working for ride-hailing company Uber Technologies.
Remember the subprime mortgage crisis? According to the FDIC, community banks might be setting themselves up for a repeat.
Stocks with insider trader activity include ENDP, EVRI and CNOB
Community banks have increased lending to community developers and homebuilders but are exposed to risk above regulatory guidelines.
Stocks with insider trader activity include WCG, CNOB and MJN
Community banks have increased lending to community developers and homebuilders at risk exposures above regulatory guidelines. Here are 9 of them.
Stocks with insider trader activity include VER, RNST and CNOB
At a time when many banks are reducing their number of branches in favor of ATMs and online banking, New Jersey-based ConnectOne Bank is opening one in New York City.
At a time when most banks are closing brick and mortar branches, New Jersey-based ConnectOne Bank is opening a branch across the Hudson River in New York City.