Today’s Stock On Watch: Connectone Bancorp Incorporated (NASDAQ:CNOB)’s Stock Is Sell After More Market Selling

November 30, 2016 - By Linda Rogers   ·   0 Comments

Today's Stock On Watch: Connectone Bancorp Incorporated (NASDAQ:CNOB)'s Stock Is Sell After More Market Selling

The stock of Connectone Bancorp Incorporated (NASDAQ:CNOB) registered an increase of 12.87% in short interest. CNOB’s total short interest was 874,200 shares in November as published by FINRA. Its up 12.87% from 774,500 shares, reported previously. With 59,500 shares average volume, it will take short sellers 15 days to cover their CNOB’s short positions. The short interest to Connectone Bancorp Incorporated’s float is 3.57%. The stock decreased 0.42% or $0.1 during the last trading session, hitting $23.75. ConnectOne Bancorp Inc (NASDAQ:CNOB) has risen 39.13% since April 27, 2016 and is uptrending. It has outperformed by 33.91% the S&P500.

ConnectOne Bancorp, Inc. is a bank holding firm of ConnectOne Bank , a New Jersey-chartered commercial bank. The company has a market cap of $712.83 million. The Firm operates in community bank segment. It has a 16.9 P/E ratio. The Bank offers a range of deposit and loan products, and services to the general public, small and middle-sized businesses, local professionals, and individuals residing, working and conducting business in its trade area.

Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.89, from 2 in 2016Q1. The ratio dropped, as 3 funds sold all ConnectOne Bancorp Inc shares owned while 23 reduced positions. 15 funds bought stakes while 37 increased positions. They now own 18.68 million shares or 0.53% more from 18.58 million shares in 2016Q1.
Goldman Sachs Gp has invested 0% of its portfolio in ConnectOne Bancorp Inc (NASDAQ:CNOB). Royal Fincl Bank Of Canada reported 3,614 shares or 0% of all its holdings. The New Jersey-based Hallmark Mngmt has invested 0% in ConnectOne Bancorp Inc (NASDAQ:CNOB). Barclays Public Ltd holds 3,586 shares or 0% of its portfolio. Moreover, Strs Ohio has 0% invested in ConnectOne Bancorp Inc (NASDAQ:CNOB) for 39,000 shares. Moreover, Banc Funds Ltd has 0.33% invested in ConnectOne Bancorp Inc (NASDAQ:CNOB) for 365,000 shares. First Trust Advsrs Lp owns 29,804 shares or 0% of their US portfolio. Raymond James Financial Advsr accumulated 0% or 14,383 shares. Moreover, Dimensional Fund Advisors L P has 0.01% invested in ConnectOne Bancorp Inc (NASDAQ:CNOB) for 930,518 shares. Brandywine Inv Ltd Liability Com reported 10,900 shares or 0% of all its holdings. Teacher Retirement Systems Of Texas last reported 0% of its portfolio in the stock. Bridgeway Mgmt accumulated 0.01% or 30,000 shares. Blackrock Fund Advsr reported 734,679 shares or 0% of all its holdings. Consector Cap L P holds 6.21% of its portfolio in ConnectOne Bancorp Inc (NASDAQ:CNOB) for 169,417 shares. Ny State Common Retirement Fund last reported 29,800 shares in the company.

ConnectOne Bancorp Inc (NASDAQ:CNOB) Ratings Coverage

Out of 4 analysts covering Connectone Bancorp (NASDAQ:CNOB), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Connectone Bancorp has been the topic of 6 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, November 17 by FBR Capital. The firm has “Sell” rating by Zacks given on Monday, August 10. The firm earned “Overweight” rating on Monday, March 7 by Piper Jaffray. The stock has “Buy” rating given by Maxim Group on Tuesday, December 15.

CNOB Company Profile

ConnectOne Bancorp, Inc., incorporated on November 12, 1982, is a bank holding firm of ConnectOne Bank (the Bank), a New Jersey-chartered commercial bank. The Firm operates in community bank segment. The Bank offers a range of deposit and loan products, and services to the general public, small and middle-sized businesses, local professionals, and individuals residing, working and conducting business in its trade area. The Bank, through its subsidiary, Center Financial Group LLC, provides financial services, including brokerage services, insurance and annuities, mutual funds and financial planning. The Bank’s services and products include personal and business checking accounts, retirement accounts, money market accounts, time and savings accounts, credit cards, wire transfers, access to automated teller services, Internet banking, Treasury Direct, ACH origination, lockbox services and mobile banking by phone. It offers safe deposit boxes. The Bank also offers remote deposit capture banking for both retail and business customers, providing the ability to electronically scan and transmit checks for deposit. The Company’s banking offices are located in Bergen, Union, Morris, Essex, Hudson, Mercer and Monmouth Counties in New Jersey and in the borough of Manhattan, in New York City, which include some markets in the United States.

More important recent ConnectOne Bancorp Inc (NASDAQ:CNOB) news were published by: Marketwatch.com which released: “ConnectOne Bancorp started at outperform with $21 stock price target at FBR & Co.” on March 11, 2013, also Nasdaq.com published article titled: “ConnectOne Bancorp (CNOB): Strong Industry, Solid Earnings Estimate Revisions”, Globenewswire.com published: “Center Bancorp, Inc. and ConnectOne Bancorp, Inc. to Merge, Creating New …” on January 21, 2014. More interesting news about ConnectOne Bancorp Inc (NASDAQ:CNOB) was released by: Globenewswire.com and their article: “ConnectOne Bancorp, Inc. Completes Merger” with publication date: July 01, 2014.

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By Linda Rogers


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