ConnectOne Bancorp (NASDAQ:CNOB) Upgraded at StockNews.com

ConnectOne Bancorp (NASDAQ:CNOB) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Other analysts have also issued reports about the stock. Piper Sandler raised their price objective on shares of ConnectOne Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $26.00 target price (up previously from $22.00) on shares of ConnectOne Bancorp in a research note on Friday, July 26th.

ConnectOne Bancorp Stock Down 1.0 %

Shares of NASDAQ CNOB opened at $26.88 on Monday. The firm has a fifty day simple moving average of $25.46 and a two-hundred day simple moving average of $22.48. ConnectOne Bancorp has a 12 month low of $17.07 and a 12 month high of $29.02. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.03 billion, a PE ratio of 15.45 and a beta of 1.25.

Hedge Funds Weigh In On ConnectOne Bancorp

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of ConnectOne Bancorp by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 852,507 shares of the financial services provider’s stock worth $21,359,000 after buying an additional 6,880 shares during the last quarter. Barclays PLC boosted its holdings in ConnectOne Bancorp by 52.0% in the third quarter. Barclays PLC now owns 114,708 shares of the financial services provider’s stock worth $2,874,000 after acquiring an additional 39,249 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of ConnectOne Bancorp in the third quarter worth $232,000. Jane Street Group LLC increased its holdings in shares of ConnectOne Bancorp by 26.3% during the third quarter. Jane Street Group LLC now owns 44,735 shares of the financial services provider’s stock valued at $1,121,000 after acquiring an additional 9,313 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of ConnectOne Bancorp in the 3rd quarter worth about $14,127,000. 67.70% of the stock is currently owned by hedge funds and other institutional investors.

ConnectOne Bancorp Company Profile

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.