ConnectOne Bancorp (NASDAQ:CNOB) “Buy” Rating Reaffirmed Today By KBW; The Price Objective is $37.0

April 16, 2018 - By Marie Mckinney

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Logo

Investors sentiment decreased to 1.49 in Q4 2017. Its down 0.08, from 1.57 in 2017Q3. It is negative, as 4 investors sold ConnectOne Bancorp, Inc. shares while 33 reduced holdings. 13 funds opened positions while 42 raised stakes. 20.62 million shares or 2.86% less from 21.22 million shares in 2017Q3 were reported.

Royal Bancshares Of Canada holds 0% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) for 1,589 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 2,632 shares. Menta Llc invested in 59,982 shares. Mendon Capital Advisors invested in 253,091 shares or 0.62% of the stock. Blackrock has 1.78M shares. Rhumbline Advisers has 32,186 shares for 0% of their portfolio. Indexiq Advsr invested in 58,093 shares. Highlander Cap Management Limited invested in 6,602 shares or 0.12% of the stock. Bank & Trust Of Montreal Can has 0% invested in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Voya Management Limited Co holds 0% or 17,585 shares in its portfolio. Strs Ohio invested in 25,300 shares. Clover Prns Limited Partnership accumulated 137,337 shares. Envestnet Asset Management holds 0% in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) or 360 shares. Advsrs Limited Liability Corporation holds 0.04% or 21,227 shares in its portfolio. Hennessy Inc owns 255,000 shares for 0.2% of their portfolio.

ConnectOne Bancorp (NASDAQ:CNOB) Rating Reaffirmed

The company has just set a price target of $37.0 on ConnectOne Bancorp (NASDAQ:CNOB) shares. This is 29.60 % from the close price. In a research note sent to clients and investors on Thursday, 21 December, KBW reaffirmed their “Buy” rating on shares of CNOB.

Investors sentiment decreased to 1.49 in Q4 2017. Its down 0.08, from 1.57 in 2017Q3. It is negative, as 4 investors sold ConnectOne Bancorp, Inc. shares while 33 reduced holdings. 13 funds opened positions while 42 raised stakes. 20.62 million shares or 2.86% less from 21.22 million shares in 2017Q3 were reported.

Royal Bancshares Of Canada holds 0% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) for 1,589 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 2,632 shares. Menta Llc invested in 59,982 shares. Mendon Capital Advisors invested in 253,091 shares or 0.62% of the stock. Blackrock has 1.78M shares. Rhumbline Advisers has 32,186 shares for 0% of their portfolio. Indexiq Advsr invested in 58,093 shares. Highlander Cap Management Limited invested in 6,602 shares or 0.12% of the stock. Bank & Trust Of Montreal Can has 0% invested in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Voya Management Limited Co holds 0% or 17,585 shares in its portfolio. Strs Ohio invested in 25,300 shares. Clover Prns Limited Partnership accumulated 137,337 shares. Envestnet Asset Management holds 0% in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) or 360 shares. Advsrs Limited Liability Corporation holds 0.04% or 21,227 shares in its portfolio. Hennessy Inc owns 255,000 shares for 0.2% of their portfolio.

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

Among 3 analysts covering ConnectOne Bancorp (NASDAQ:CNOB), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ConnectOne Bancorp has $37.0 highest and $34 lowest target. $34.67’s average target is 21.44% above currents $28.55 stock price. ConnectOne Bancorp had 4 analyst reports since December 21, 2017 according to SRatingsIntel. The rating was maintained by Piper Jaffray with “Buy” on Monday, January 29. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods. The rating was maintained by Raymond James on Tuesday, April 3 with “Strong Buy”. The company was maintained on Monday, February 26 by Keefe Bruyette & Woods.

The stock increased 0.88% or $0.25 during the last trading session, reaching $28.55. About 47,338 shares traded. ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has risen 27.02% since April 16, 2017 and is uptrending. It has outperformed by 15.47% the S&P500.

Analysts await ConnectOne Bancorp, Inc. (NASDAQ:CNOB) to report earnings on April, 26. They expect $0.53 EPS, up 43.24 % or $0.16 from last year’s $0.37 per share. CNOB’s profit will be $17.02M for 13.47 P/E if the $0.53 EPS becomes a reality. After $0.51 actual EPS reported by ConnectOne Bancorp, Inc. for the previous quarter, Wall Street now forecasts 3.92 % EPS growth.

ConnectOne Bancorp, Inc. operates as the bank holding firm for ConnectOne Bank, a state chartered bank that provides various commercial banking services and products. The company has market cap of $917.00 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 21.31 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.

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

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