Stock events for ConnectOne Bancorp, Inc. (CNOB)
ConnectOne Bancorp's stock experienced several events in the past six months. The company completed its merger with The First of Long Island Corporation on June 1, 2025, increasing its total assets and expanding its branch network. In July 2025, ConnectOne reported a net loss for the second quarter of 2025, attributed to merger-related expenses and credit losses. In November 2025, Piper Sandler upgraded ConnectOne Bancorp's stock to an "overweight" rating, citing jumps in net interest income and net income year-over-year. However, the share price as of November 12, 2025, represented a decline of 12.31% over the past year.
Demand Seasonality affecting ConnectOne Bancorp, Inc.’s stock price
While there is a concept of "seasonal returns" for ConnectOne Bancorp's stock, no explicit information was found regarding the demand seasonality for ConnectOne Bancorp's specific banking products and services. The company's business model focuses on serving small to mid-sized businesses, local professionals, and individuals, and it aims to attract banking relationships with larger than average balances.
Overview of ConnectOne Bancorp, Inc.’s business
ConnectOne Bancorp, Inc. is a financial services company operating as the bank holding company for ConnectOne Bank and its fintech subsidiary, BoeFly, primarily serving small and mid-sized businesses, local professionals, and individuals. The company offers a full suite of deposit and loan products, including personal and business checking accounts, retirement accounts, and various lending options. Additionally, it provides cash management services for business clients and operates an online business lending marketplace through BoeFly.
CNOB’s Geographic footprint
ConnectOne Bancorp's operations are mainly in the New York Metropolitan area, including New Jersey, New York City, Long Island, and the Hudson Valley. The company has expanded to South Florida with an office in West Palm Beach. Following its merger with The First of Long Island Corporation in June 2025, ConnectOne operates with over 60 branches across New York, New Jersey, and Southeast Florida.
CNOB Corporate Image Assessment
No specific information directly detailing ConnectOne Bancorp, Inc.'s brand reputation or any significant events that have affected it in the past year were found in the provided search results. The available information primarily focuses on financial performance, mergers, and operational expansion.
Ownership
ConnectOne Bancorp, Inc. has significant institutional ownership, with 422 institutional owners and shareholders holding 41,971,063 shares. Major institutional shareholders include BlackRock, Inc., Fmr Llc, and Vanguard Group Inc. BlackRock, Inc. is the largest shareholder, holding 7.2% of outstanding shares. Individual investors own approximately 21% of the company, and insiders, such as CEO Frank Sorrentino, own a reasonable proportion of the company.
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$28.18