ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.
Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $24.00 target price (down from $27.00) on shares of ConnectOne Bancorp in a research note on Friday, April 26th. Raymond James raised their price objective on shares of ConnectOne Bancorp from $26.00 to $28.00 and gave the company a “strong-buy” rating in a research note on Monday, January 29th. Finally, Piper Sandler upped their target price on shares of ConnectOne Bancorp from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $24.50.
View Our Latest Analysis on CNOB
ConnectOne Bancorp Price Performance
Institutional Investors Weigh In On ConnectOne Bancorp
Large investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of ConnectOne Bancorp by 206.8% during the 4th quarter. Parallel Advisors LLC now owns 1,123 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 757 shares during the period. Sound Income Strategies LLC bought a new stake in shares of ConnectOne Bancorp during the 4th quarter valued at about $53,000. GAMMA Investing LLC bought a new stake in shares of ConnectOne Bancorp during the 4th quarter valued at about $80,000. Quest Partners LLC bought a new position in shares of ConnectOne Bancorp during the 4th quarter valued at approximately $165,000. Finally, Bryn Mawr Capital Management LLC bought a new position in shares of ConnectOne Bancorp during the 4th quarter valued at approximately $207,000. 67.70% of the stock is currently owned by institutional investors.
About ConnectOne Bancorp
ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking.
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