Published on 10 Apr 2024 on Simply Wall St. via Yahoo Finance
With 69% ownership, ConnectOne Bancorp, Inc. (NASDAQ:CNOB) boasts of strong institutional backing
Key Insights
Significantly high institutional ownership implies ConnectOne Bancorp's stock price is sensitive to their trading actionsA total of 15 investors have a majority stake in the company with 51% ownershipUsing data from analyst forecasts alongside ownership research, one can better assess the future performance of a company
To get a sense of who is truly in control of ConnectOne Bancorp, Inc. (NASDAQ:CNOB), it is important to understand the ownership structure of the business. We can see that institutions own the lion's share in the company with 69% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.