Piper Sandler assumed coverage of ConnectOne Bancorp (CNOB) with an Overweight rating with a price target of $31, down from $33. About three quarters removed from completing the FLIC deal, the firm likes the path ConnectOne is on as the company benefits from the increased scale and much greater presence in Long Island where the bank is able to introduce products that were previously not offered to the legacy FLIC customer base.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNOB:
- ConnectOne Bancorp Files Limited-Disclosure February Investor Presentation
- ConnectOne Bancorp Earnings Call Highlights Margin Momentum
- ConnectOne Bancorp price target raised to $32 from $30 at Keefe Bruyette
- ConnectOne Bancorp reports Q4 operating EPS 83c, consensus 73c
- ConnectOne Bancorp Inc. (CNOB) Q4 Earnings Cheat Sheet