Institutional Investors Sentiment Indicator of Connectone Bancorp Inc (NASDAQ:CNOB) Falls in 2018 Q1

July 27, 2018 - By Palma Niemeyer

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Logo

Sentiment for Connectone Bancorp Inc (NASDAQ:CNOB)

Connectone Bancorp Inc (NASDAQ:CNOB) institutional sentiment decreased to 1.13 in Q1 2018. Its down -0.36, from 1.49 in 2017Q4. The ratio dropped, as 53 funds increased or opened new stock positions, while 47 sold and reduced holdings in Connectone Bancorp Inc. The funds in our partner’s database now own: 20.17 million shares, down from 20.62 million shares in 2017Q4. Also, the number of funds holding Connectone Bancorp Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 9 Reduced: 38 Increased: 37 New Position: 16.

ConnectOne Bancorp, Inc. operates as the bank holding firm for ConnectOne Bank that provides various banking services and products. The company has market cap of $807.28 million. The firm offers a range of deposit products, including personal and business checking accounts, retirement accounts, money market accounts, time and savings accounts, and NOW accounts. It has a 22.95 P/E ratio. It also provides personal and commercial business loans on a secured and unsecured basis; revolving lines of credit; commercial mortgage loans; residential mortgages on primary and secondary residences; home equity loans; bridge loans; and other personal purpose loans.

The stock increased 2.43% or $0.6 during the last trading session, reaching $25.25. About 158,771 shares traded or 16.72% up from the average. ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has risen 22.20% since July 27, 2017 and is uptrending. It has outperformed by 9.63% the S&P500.

Clover Partners L.P. holds 4.85% of its portfolio in ConnectOne Bancorp, Inc. for 151,137 shares. Elizabeth Park Capital Advisors Ltd. owns 364,663 shares or 3% of their US portfolio. Moreover, Endeavour Capital Advisors Inc has 2.17% invested in the company for 461,558 shares. The Maryland-based Investment Counselors Of Maryland Llc has invested 1.23% in the stock. Ejf Capital Llc, a Virginia-based fund reported 500,000 shares.

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Ratings Coverage

Ratings analysis reveals 100% of ConnectOne Bancorp’s analysts are positive. Out of 3 Wall Street analysts rating ConnectOne Bancorp, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $34 while the high is $36.0. The stock’s average target of $34.67 is 37.31% above today’s ($25.25) share price. CNOB was included in 3 notes of analysts from January 29, 2018. Piper Jaffray maintained the stock with “Buy” rating in Monday, January 29 report. The rating was maintained by Raymond James with “Strong Buy” on Tuesday, April 3. The rating was maintained by Keefe Bruyette & Woods on Monday, February 26 with “Buy”.

More important recent ConnectOne Bancorp, Inc. (NASDAQ:CNOB) news were published by: Seekingalpha.com which released: “ConnectOne Bancorp’s (CNOB) ConnectOne Bancorp, Inc. to Expand into Hudson Valley through Merger with Greater …” on July 12, 2018, also Nasdaq.com published article titled: “ConnectOne Bancorp, Inc. Reports Second Quarter 2018 Results”, Seekingalpha.com published: “ConnectOne Bancorp, Inc. (CNOB) CEO Frank Sorrentino on Q2 2018 Results – Earnings Call Transcript” on July 26, 2018. More interesting news about ConnectOne Bancorp, Inc. (NASDAQ:CNOB) was released by: Nasdaq.com and their article: “ConnectOne Bancorp, Inc. to Host 2018 Second Quarter Results Conference Call on July 26, 2018” with publication date: July 19, 2018.

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Ratings Chart

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