ConnectOne Bancorp (NASDAQ:CNOB) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other equities analysts have also weighed in on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $30.50 target price on shares of ConnectOne Bancorp in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating and set a $30.00 target price for the company in a research note on Monday, October 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $32.00 target price on shares of ConnectOne Bancorp in a research note on Thursday, October 26th.

ConnectOne Bancorp (NASDAQ:CNOB) opened at $27.05 on Thursday. The firm has a market cap of $869.22, a price-to-earnings ratio of 16.67 and a beta of 0.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.95. ConnectOne Bancorp has a one year low of $21.04 and a one year high of $28.20.

In other news, CEO Frank Sorrentino III sold 5,848 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $26.49, for a total transaction of $154,913.52. Following the completion of the transaction, the chief executive officer now directly owns 560,562 shares in the company, valued at approximately $14,849,287.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Laura Criscione sold 4,300 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $26.49, for a total transaction of $113,907.00. Following the transaction, the executive vice president now owns 56,536 shares of the company’s stock, valued at $1,497,638.64. The disclosure for this sale can be found here. 7.63% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Quantitative Systematic Strategies LLC acquired a new position in shares of ConnectOne Bancorp during the 3rd quarter worth about $454,000. Prudential Financial Inc. boosted its stake in shares of ConnectOne Bancorp by 24.9% during the 2nd quarter. Prudential Financial Inc. now owns 22,529 shares of the financial services provider’s stock worth $508,000 after buying an additional 4,490 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of ConnectOne Bancorp by 18.0% during the 2nd quarter. Wells Fargo & Company MN now owns 35,666 shares of the financial services provider’s stock worth $804,000 after buying an additional 5,436 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of ConnectOne Bancorp by 41.5% during the 2nd quarter. First Trust Advisors LP now owns 118,114 shares of the financial services provider’s stock worth $2,663,000 after buying an additional 34,663 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of ConnectOne Bancorp by 25.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 139,592 shares of the financial services provider’s stock worth $3,148,000 after buying an additional 28,064 shares during the last quarter. Institutional investors own 68.57% of the company’s stock.

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About ConnectOne Bancorp

ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Bank offers a range of deposit and loan products. In addition, to attract the business of consumer and business customers, it also provides an array of other banking services.

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