Connectone Bancorp Inc Q2 2017 Institutional Investor Sentiment Better Than Expected

November 15, 2017 - By Winifred Garcia

 Connectone Bancorp Inc  Q2 2017 Institutional Investor Sentiment  Better Than Expected

Sentiment for Connectone Bancorp Inc (NASDAQ:CNOB)

Connectone Bancorp Inc (NASDAQ:CNOB) institutional sentiment increased to 1.67 in 2017 Q2. Its up 0.38, from 1.29 in 2017Q1. The ratio is better, as 65 institutional investors increased and opened new holdings, while 39 decreased and sold stakes in Connectone Bancorp Inc. The institutional investors in our partner’s database now hold: 21.23 million shares, up from 21.21 million shares in 2017Q1. Also, the number of institutional investors holding Connectone Bancorp Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 29 Increased: 45 New Position: 20.

ConnectOne Bancorp, Inc. is a bank holding firm of ConnectOne Bank . The company has market cap of $827.60 million. The Bank is a community-based, full-service New Jersey-chartered commercial bank. It has a 27.37 P/E ratio. The Bank offers a range of deposit and loan products.

About 411 shares traded. ConnectOne Bancorp Inc (NASDAQ:CNOB) has risen 37.35% since November 15, 2016 and is uptrending. It has outperformed by 20.65% the S&P500.

Investors wait ConnectOne Bancorp Inc (NASDAQ:CNOB) to report on January, 25. its quarterly earnings Wall Street analysts expect $0.38 earnings per share, down $0.02 or 5.00 % from last year’s $0.4 same quarter earnings. This translates into $12.17 million profit for CNOB giving the stock a 17.11 P/E. This is assuming the current $0.38 EPS is accurate. ConnectOne Bancorp Inc’s Wall Street analysts see -17.39 % negative EPS growth, taking into account the $0.46 EPS reproted in the previous quarter,

Endeavour Capital Advisors Inc holds 7.39% of its portfolio in ConnectOne Bancorp Inc for 736,538 shares. Elizabeth Park Capital Advisors Ltd. owns 266,835 shares or 2.37% of their US portfolio. Moreover, Clover Partners L.P. has 2.22% invested in the company for 287,862 shares. The Virginia-based Ejf Capital Llc has invested 1.19% in the stock. Investment Counselors Of Maryland Llc, a Maryland-based fund reported 870,678 shares.#img1#

ConnectOne Bancorp Inc (NASDAQ:CNOB) Ratings Coverage

Ratings analysis reveals 100% of Connectone Bancorp’s analysts are positive. Out of 5 Wall Street analysts rating Connectone Bancorp, 5 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $19 while the high is $3000. The stock’s average target of $25.50 is -1.35% below today’s ($25.85) share price. CNOB was included in 9 notes of analysts from July 29, 2015. FBR Capital maintained ConnectOne Bancorp Inc (NASDAQ:CNOB) on Thursday, November 17 with “Outperform” rating. The rating was upgraded by Zacks to “Sell” on Monday, August 10. Keefe Bruyette & Woods maintained it with “Buy” rating and $30.0 target in Wednesday, September 6 report. Maxim Group initiated ConnectOne Bancorp Inc (NASDAQ:CNOB) rating on Tuesday, December 15. Maxim Group has “Buy” rating and $23.0 target. The firm earned “Overweight” rating on Monday, March 7 by Piper Jaffray. On Thursday, July 27 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Maxim Group maintained it with “Buy” rating and $29 target in Monday, December 19 report.

More news for ConnectOne Bancorp Inc (NASDAQ:CNOB) were recently published by: Nasdaq.com, which released: “ConnectOne Bancorp, Inc. Reports Third Quarter 2017 Results” on October 26, 2017. Seekingalpha.com‘s article titled: “ConnectOne Bancorp’s (CNOB) CEO Frank Sorrentino III on Q2 2017 Results …” and published on July 27, 2017 is yet another important article.

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