Extraordinary Share Volumes of ConnectOne Bancorp Inc (NASDAQ:CNOB), Farmers Capital Bank Corp, (NASDAQ:FFKT), Penford Corporation (NASDAQ:PENX), Westfield Financial (NASDAQ:WFD) and TRC Companies (NYSE:TRR)

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By Mark Michaels on July 2, 2014 Financial

Farmers Capital Bank Corp (NASDAQ:FFKT) has its headquarters in Frankfort, Kentucky. It has above 30 operating banks that span over twenty communities throughout the Northern and Central Kentucky. 25^th April, 2014, Friday, was the last day that Farmers Capital Bank Corp (NASDAQ:FFKT) announced its earnings. It was reported that the company earned, per share, $0.38. The analysts jointly estimated that the price would be $0.40. But the company missed the target by $0.02. For the present fiscal year, the analysts estimate that on average Farmers Capital Bank Corp (NASDAQ:FFKT) will earn $1.62 for each share. The company ended its last day-trade at $21.09. Its range throughout the session was $20.16 – $21.09. The profit margin for the company is almost 16.60%. Currently, FFKT is approximately 22% short of its maximum for 52 weeks.

Penford Corporation (Nasdaq:PENX) has five major product locations that are strategically situated in areas which are agriculturally rich. This reduces their cost of transportation and sourcing. The fiscal quarter of Penford Corporation (Nasdaq:PENX) ended on 31^st May, 2014. The company will provide its results on 7^th July. On the same day, at 8 am, the management will hold a conference call to discuss the results. In its last trading session, Penford Corporation (Nasdaq:PENX) began its day with $10.85 and ended with $11.40. In this year, the Earnings per Share, or EPS, of the company is 0.22%. The analysts estimate that next year, EPS will be 0.75%.

In a merger between ConnectOne Bancorp Inc (NASDAQ:CNOB) and Center Bancorp (CNBC), CNOB shareholders will get 2.6 CNBC shares for each CNOB share that they own. The merger will expectedly close on July 1^st, 2014. The name of the merger will be ConnectOne Bancorp and its symbol will be CNOB. In its last trading session, ConnectOne Bancorp Inc (NASDAQ:CNOB) performed a transaction of 343,027.00 shares. The price for their shares reduced by 0.52%; the day trade ended at $49.83. The company has a market capitalization worth 255.23 million.

Public Service of New Hampshire (PSNH) granted a contract worth $1.5 million to TRC Companies, Inc. (NYSE: TRR), on 17^th June, 2014. The purpose of the contract was to strengthen the transmission structures and harden the transmission lines all over the state so as to avoid power outages that occur as a result of adverse weather conditions. In the last day-trade, TRR increased by 11.11%; closing at $5.50. The company’s range was $4.96 – $5.50, with 32.10% ROI and 9.80 % ROA.

Some stocks may be doing excessively well on the market. However, even they are not prone to technical corrections, as a result of which, the seemingly strong stocks breakout. Smart money frequently avails such an opportunity. Because of recent price corrections, two major stocks faced breakouts. Both Hallmark Financial Services Inc. (NASDAQ: HALL) and Westfield Financial Inc. (NASDAQ: WFD) have suffered due to substantial technical corrections. WFD’s closing price was $7.30, having increased by 2.96% and traded share volume of 3.08 million. The market capitalization of the company is 144.43 million.