ConnectOne Bancorp: Preferred Shares Not Offering Attractive Yield
TBBKThe Bancorp(TBBK) Seeking Alpha·2024-08-26 20:38

i 19 i I ul ryasick Introduction ConnectOne Bancorp (NASDAQ:CNOB) is a regional bank with branches located in New Jersey and New York. With a market capitalization of nearly $1 billion, the bank has experienced impressive growth since its founding nearly 20 years ago. Back in May 2023, I diseussed how the bank's preferred shares (NASDAQ CNOBP) provided an attractive income opportunity after they sold off during the regional banking crisis. Today, the preferred shares have rallied, and the dividend yield has ...