ConnectOne Bancorp (CNOB) President Magennis Sells $225K of Stock
Key Points
- Elizabeth Magennis sold 6,900 shares of CNOB at a price of $32.67 each, which totals about $225,436.80.
- Following this sale, Magennis holds 137,383 shares, reducing her stake by approximately 4.78%.
- As of October 27, 2026, CNOB traded recently around $33.06, which is about 0.7% above its closing price of $32.84 on the day of the sale.
Since the trade, $CNOB is up 0.3% to date (from the $32.84 close on Oct 26, 2026).
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On October 26, 2026, Elizabeth Magennis, the Bank President of ConnectOne Bancorp, Inc. (CNOB), sold 6,900 shares at a price of $32.67 each. This sale totaled approximately $225,436.80, according to her Form 4 filing with the SEC. After this transaction, she now holds 137,383 shares, marking a reduction of about 4.78% in her stake.
CNOB
ConnectOne Bancorp, Inc.
Other Institutional Activity in ConnectOne Bancorp, Inc.
Nomura Asset Management International Inc increased its holdings by 819,859 shares, bringing its total to 1,649,928 shares valued at around $54.3 million. American Century Companies Inc also added 325,324 shares, resulting in 1,250,064 shares worth about $41.2 million. Meanwhile, Kennedy Capital Management, LLC reduced its stake by 22,168 shares, leaving it with 985,475 shares valued at approximately $32.5 million.
ConnectOne Bancorp, Inc. Stock Up 0.7%
As of October 27, 2026, CNOB traded recently around $33.06, which is about 0.7% above its closing price of $32.84 on October 26, 2026. The stock is currently above its 50-day moving average by 5.6% and its 200-day moving average by 10.4%. However, it remains about 3.2% below its 52-week high of $34.14.
Recent Earnings
ConnectOne Bancorp reported a trailing twelve-month revenue of approximately $425.2 million. Its earnings per share (EPS) stood at $2.90, with a return on equity (ROE) of 9.6%. The next earnings report is scheduled for January 28, 2027.
Insider Buying and Selling at ConnectOne Bancorp, Inc.
In addition to Magennis's sale, Anson M Moise, a Director, made several purchases earlier this year. Moise bought 860 shares on June 15, 2026, at an average price of $33.19 each, totaling about $28,543. He also purchased 240 shares on June 9, 2026, for a value of $7,482. Joseph T Javitz, another officer, sold 1,700 shares on September 3, 2025, at a price of $25.46, worth approximately $43,282.
Analysts Set New Price Targets
On October 26, 2026, Raymond James upgraded CNOB to an Outperform rating with a price target of $37.00. Before this, on July 1, 2026, Raymond James had downgraded the stock to a Market Perform rating. The consensus among analysts currently gives CNOB a buy recommendation with a mean price target of $37.40.
About ConnectOne Bancorp, Inc.
ConnectOne Bancorp, Inc. is the bank holding company for ConnectOne Bank, which provides a range of banking services for small and mid-sized businesses and individuals in the U.S. Its offerings include personal and business checking accounts, credit cards, and various online banking services.
Bottom Line
Investors should keep an eye on ConnectOne Bancorp as it prepares for its upcoming earnings report on January 28, 2027. Elizabeth Magennis's recent sale reflects typical insider activity, and the stock's performance relative to analyst ratings and price targets will be crucial in the coming weeks.
Related Filing Alerts
Source: Elizabeth Magennis's Form 4 filing on $CNOB (Oct 26, 2026). Written by software, not financial advice. How we make alerts