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The FDIC Quarterly Banking Profile for the first quarter continues to show increasing loan exposures to commercial real estate lending including construction and development loans.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
The FDIC Quarterly Banking Profile for the fourth quarter of 2016 shows increasing exposures to construction and development loans, which are potential problems for these 14 community banks.
Looking at the universe of stocks we cover at Dividend Channel, on 1/13/17, ConnectOne Bancorp Inc will trade ex-dividend, for its quarterly dividend of $0.075, payable on 2/1/17. As a percentage of CNOB's recent stock price of $25.30, this dividend works out to approximately 0.30%.
Tax and regulatory reforms should help banks in 2017, but don't underestimate the impact of better business sentiment, says Frank Sorrentino, CEO of ConnectOne Bank.
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.