ConnectOne Bancorp, Inc. (NASDAQ:CNOB)‘s stock had its “buy” rating reissued by Piper Jaffray Companies in a research report issued on Thursday. They currently have a $29.00 price objective on the financial services provider’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 14.17% from the company’s previous close.

Separately, BidaskClub raised shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $29.25.

ConnectOne Bancorp (NASDAQ:CNOB) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The business had revenue of $36.52 million during the quarter, compared to the consensus estimate of $36.08 million. ConnectOne Bancorp had a net margin of 16.42% and a return on equity of 9.37%.

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Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its stake in shares of ConnectOne Bancorp by 4.0% during the second quarter. Legal & General Group Plc now owns 7,868 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 300 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of ConnectOne Bancorp by 1.0% during the first quarter. Wells Fargo & Company MN now owns 30,230 shares of the financial services provider’s stock valued at $733,000 after acquiring an additional 314 shares during the last quarter. Stifel Financial Corp raised its stake in shares of ConnectOne Bancorp by 3.2% during the second quarter. Stifel Financial Corp now owns 12,312 shares of the financial services provider’s stock valued at $278,000 after acquiring an additional 379 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of ConnectOne Bancorp by 3.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,095 shares of the financial services provider’s stock valued at $385,000 after acquiring an additional 502 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of ConnectOne Bancorp by 2.7% during the second quarter. Nationwide Fund Advisors now owns 22,343 shares of the financial services provider’s stock valued at $504,000 after acquiring an additional 582 shares during the last quarter. 68.35% of the stock is owned by hedge funds and other institutional investors.

About ConnectOne Bancorp

ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Bank offers a range of deposit and loan products. In addition, to attract the business of consumer and business customers, it also provides an array of other banking services.

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