What’s in Connectone Bancorp Inc (NASDAQ:CNOB) After Decline in Shorted Shares?

June 28, 2018 - By Ellis Scott

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Logo

Investors sentiment decreased to 1.13 in Q1 2018. Its down 0.36, from 1.49 in 2017Q4. It fall, as 9 investors sold ConnectOne Bancorp, Inc. shares while 38 reduced holdings. 16 funds opened positions while 37 raised stakes. 20.17 million shares or 2.14% less from 20.62 million shares in 2017Q4 were reported.
Cortina Asset Mgmt Limited Com has invested 0.38% in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Moreover, Lsv Asset has 0% invested in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Trexquant Invest Limited Partnership accumulated 16,245 shares or 0.03% of the stock. Private Advisor Group Incorporated Lc holds 0.01% or 9,409 shares. Salzhauer Michael owns 29,283 shares for 0.31% of their portfolio. 754,272 were reported by Brown Advisory Incorporated. Georgia-based Voya Management Limited Liability Com has invested 0% in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Moreover, Royal Bancorporation Of Canada has 0% invested in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Brandywine Invest Mgmt Ltd Llc has 68,886 shares for 0.01% of their portfolio. Chicago Equity Partners Llc holds 0.09% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) for 96,895 shares. Banc Funds Lc owns 679,153 shares. Schwab Charles Inv Inc holds 144,217 shares. 1.85M are owned by Fmr Ltd. Deutsche Comml Bank Ag reported 0% stake. Aperio Gp Ltd Liability Co owns 15,556 shares for 0% of their portfolio.

The stock of Connectone Bancorp Inc (NASDAQ:CNOB) registered a decrease of 13.67% in short interest. CNOB’s total short interest was 1.10 million shares in June as published by FINRA. Its down 13.67% from 1.28M shares, reported previously. With 242,100 shares average volume, it will take short sellers 5 days to cover their CNOB’s short positions. The short interest to Connectone Bancorp Inc’s float is 3.71%.

The stock increased 0.20% or $0.05 during the last trading session, reaching $25.2. About 7,263 shares traded. ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has risen 22.20% since June 28, 2017 and is uptrending. It has outperformed by 9.63% the S&P500.

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 $811.05 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 22.91 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 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 $36.0 highest and $34 lowest target. $34.67’s average target is 37.58% above currents $25.2 stock price. ConnectOne Bancorp had 3 analyst reports since January 29, 2018 according to SRatingsIntel. As per Monday, January 29, the company rating was maintained by Piper Jaffray. The firm earned “Strong Buy” rating on Tuesday, April 3 by Raymond James. The rating was maintained by Keefe Bruyette & Woods on Monday, February 26 with “Buy”.

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

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