Piper Sandler Reaffirms Buy Rating for ConnectOne Bancorp

Piper Sandler has reiterated its buy rating for ConnectOne Bancorp, Inc. (NasdaqGS: CNOB) as of June 26, 2026. The firm set a target price of $38 for the regional bank, reflecting confidence in its potential.

Other Institutional Activity in ConnectOne Bancorp

Several institutional investors have adjusted their positions in ConnectOne Bancorp. BlackRock, Inc. reduced its holdings by 184,335 shares, bringing its total to 4,653,246 shares valued at about $124.6 million, marking a 3.8% decrease. Wellington Management Group LLP increased its stake by 505,616 shares to a total of 3,293,363 shares worth approximately $88.2 million, a rise of 18.1%. Dimensional Fund Advisors LP added 37,657 shares, ending with 2,853,964 shares valued at roughly $76.4 million, a modest 1.3% increase. FMR LLC cut its holdings by 518,898 shares to 2,341,916 shares, valued at about $62.7 million, a decrease of 18.1%. Meanwhile, Vanguard Capital Management LLC opened a new position with 2,145,986 shares, valued at $57.4 million.

ConnectOne Bancorp, Inc. Stock Up 5.5%

On Friday, shares of ConnectOne Bancorp traded near $33.29. The company has a market capitalization of approximately $1.67 billion and a P/E ratio of 17.9, with a forward P/E of 9.1. The stock's 52-week range has been between $22.07 and $33.66, and it has a beta of 1.057, indicating moderate volatility. The 50-day moving average is $30.23, and the 200-day moving average is $27.13.

Recent Earnings

ConnectOne Bancorp reported revenue of $378.4 million, reflecting a growth of 0.655%. The company achieved a net margin of 25.9% and a return on equity of 6.9%. Earnings per share were reported at $1.86. The next earnings report is expected on August 4, 2026.

Dividend

ConnectOne Bancorp pays an annual dividend rate of $0.78, yielding 2.34%. The dividend payout ratio stands at 38.7%, indicating a sustainable dividend policy.

Insider Buying and Selling at ConnectOne Bancorp, Inc.

In June 2026, insider Anson Moise bought 860 shares at an average price of $33.19, along with additional purchases earlier in the month. Other insiders, including Katherin Nukk-Freeman and Frank Huttle III, also bought shares, each acquiring 2,528 shares on June 1.

Analysts Set New Price Targets

On June 26, 2026, Piper Sandler maintained its buy rating for ConnectOne Bancorp with a price target of $38. Keefe, Bruyette & Woods also maintained a buy rating on April 24, 2026, with a target of $34. The consensus among analysts is a buy, with an average target price of $33.8 based on five analyst opinions.

About ConnectOne Bancorp

ConnectOne Bancorp, Inc., headquartered in Englewood Cliffs, New Jersey, is a bank holding company for ConnectOne Bank. It provides a range of commercial banking services to small and mid-sized businesses, professionals, and individuals. The bank offers various deposit accounts, loans, and other financial services, including internet and mobile banking. Led by CEO Frank S. Sorrentino III, the company employs around 750 people.

Bottom Line

Piper Sandler's reiterated buy rating and $38 target price for ConnectOne Bancorp suggest confidence in the bank's future performance. Investors often track these analyst updates for insights, though it's important to remember that these are backward-looking assessments. ConnectOne's recent insider buying activity and institutional interest add context to its market position.