ConnectOne Stock Is Up Just 4% This Past Year, and One Fund Has Sold Off $4 Million in Shares

2 weeks ago 10

Jonathan Ponciano, The Motley Fool

Tue, March 3, 2026 astatine 11:29 AM CST 4 min read

PMC FIG Opportunities disclosed successful a February 17, 2026, SEC filing that it sold 143,724 shares of ConnectOne Bancorp (NASDAQ:CNOB), an estimated $3.64 cardinal commercialized based connected quarterly mean pricing.

According to a recent SEC filing dated February 17, 2026, PMC FIG Opportunities reduced its holdings successful ConnectOne Bancorp (NASDAQ:CNOB) by 143,724 shares during the 4th fourth of 2025. The estimated transaction worth was $3.64 million, calculated utilizing the mean closing terms for the quarter. The fund’s remaining presumption was valued astatine $2.41 cardinal astatine quarter’s end, down from the anterior period, with the valuation displacement reflecting some selling enactment and banal terms movement.

The fund’s merchantability reduced its ConnectOne Bancorp involvement from 8.8% to 3.8% of reportable AUM
Top holdings aft the quarter:
- NASDAQ:CCB: $4.95 cardinal (7.8% of AUM)
- NASDAQ:TBBK: $4.78 cardinal (7.5% of AUM)
- NYSE:SF: $3.94 cardinal (6.2% of AUM)
- NASDAQ:NBN: $3.40 cardinal (5.3% of AUM)
- NYSE:BAC: $3.24 cardinal (5.1% of AUM)
As of Tuesday, shares of ConnectOne were priced astatine $26.32, up astir 4% twelvemonth implicit twelvemonth and good underperforming the S&P 500, which is alternatively up astir 16%.

Metric

Value

Revenue (TTM)	$378.21 million
Net Income (TTM)	$80.44 million
Dividend Yield	3%
Price (as of Tuesday)	$26.32

ConnectOne Bancorp offers commercialized and user banking products, including loans, deposit accounts, and integer banking services.
The steadfast serves tiny and mid-sized businesses, section professionals, and individuals successful the Northern New Jersey, New York Metropolitan, and South Florida markets.
It operates done a web of section branches and provides a scope of fiscal services to its determination lawsuit base.

ConnectOne Bancorp, Inc. is simply a determination slope holding institution with a beardown beingness successful the Northeast and South Florida, operating done a web of section branches. The institution leverages a diversified portfolio of commercialized and user banking services to conscionable the fiscal needs of businesses and individuals.

This determination matters due to the fact that portfolio operation tells you arsenic overmuch astir condemnation arsenic fundamentals do.

ConnectOne generated nett income of $74.4 cardinal successful 2025, compared with $67.8 cardinal successful 2024. Meanwhile, full loans accrued twelvemonth implicit year, supported by commercialized existent property and commercialized and concern lending growth, portion deposits remained comparatively stable.

That illustration fits squarely wrong a portfolio already concentrated successful assemblage and specialty banks specified arsenic CCB and TBBK. Reducing the value from 8.8% of assets to 3.8% suggests superior is being reallocated wrong the determination banking sleeve alternatively than an outright rejection of the model.

Shares person gained astir 4% implicit the past year, trailing the broader market. For semipermanent investors, the communicative remains disciplined indebtedness maturation and accordant earnings. The cardinal variables are borderline unit and recognition quality. If nett involvement margins stabilize and recognition costs stay contained, ConnectOne inactive offers steady, if unspectacular, compounding potential.

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