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Keefe, Bruyette & Woods Boosts ConnectOne Bancorp (NASDAQ:CNOB) Price Target to $34.00
Keefe, Bruyette & Woods has raised its price target for ConnectOne Bancorp (NASDAQ:CNOB) to $34.00 from $32.00, maintaining an “outperform” rating and suggesting a 17% upside. This follows ConnectOne’s Q1 earnings report, which saw EPS of $0.79 beat estimates but revenue of $116.6M miss expectations. The company also increased its quarterly dividend by 8.3% to $0.195, reflecting positive operating performance including wider net interest margin and annualized loan growth.