Seeking Alpha
23 Oct 2026, 03:28 UTC · 1h ago
ConnectOne: Further Upside After Resolving Rent-Stabilized Loans
Impact · against what's priced in
ConnectOne Bancorp (CNOB) has effectively mitigated a significant regulatory risk by reducing rent-stabilized loan exposure to 2% of assets. While Q3 earnings beats and loan sales are positive, these developments appear to be largely reflected in the recent 34% share rally.
- CNOB+0.30
No priced-in read yet
- In context
The reduction of rent-stabilized loans to 2% of assets removes a regulatory overhang and lowers the risk of supervisory actions in 2027, while Q3 core earnings beat estimates.
Read from the article alone
