ConnectOne Bancorp (NASDAQ:CNOB – Get Rating) had its target price trimmed by Stephens from $31.00 to $28.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an overweight rating on the financial services provider's stock.

Several other research firms have also recently commented on CNOB. StockNews.com cut shares of ConnectOne Bancorp from a buy rating to a hold rating in a research report on Monday, November 21st. Piper Sandler dropped their target price on ConnectOne Bancorp to $29.00 in a report on Wednesday, October 5th. Finally, Raymond James reissued a market perform rating on shares of ConnectOne Bancorp in a report on Thursday, December 22nd.

ConnectOne Bancorp Price Performance

NASDAQ CNOB opened at $22.81 on Monday. ConnectOne Bancorp has a 52 week low of $21.34 and a 52 week high of $34.23. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. The stock has a market cap of $895.06 million, a price-to-earnings ratio of 7.55 and a beta of 1.21. The company has a 50-day moving average price of $24.76 and a two-hundred day moving average price of $25.01.

ConnectOne Bancorp Dividend Announcement

Insider Transactions at ConnectOne Bancorp

In other news, Director Stephen T. Boswell acquired 8,000 shares of the company's stock in a transaction dated Monday, November 14th. The shares were bought at an average price of $24.88 per share, with a total value of $199,040.00. Following the purchase, the director now owns 249,103 shares of the company's stock, valued at $6,197,682.64. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.58% of the company's stock.

Institutional Investors Weigh In On ConnectOne Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new position in shares of ConnectOne Bancorp during the first quarter valued at $29,000. Group One Trading L.P. purchased a new position in shares of ConnectOne Bancorp during the first quarter valued at $32,000. Copeland Capital Management LLC purchased a new position in shares of ConnectOne Bancorp during the third quarter valued at $30,000. Great West Life Assurance Co. Can purchased a new position in shares of ConnectOne Bancorp during the third quarter valued at $40,000. Finally, Wipfli Financial Advisors LLC purchased a new position in shares of ConnectOne Bancorp during the third quarter valued at $45,000. 67.46% of the stock is owned by institutional investors and hedge funds.

About ConnectOne Bancorp

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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 Northern New Jersey and New York Metropolitan area, and South Florida market. The company offers personal and business checking, retirement, money market, and time and savings accounts.

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