SCHEDULE: FMR LLC Reports 4.7% Stake in ConnectOne Bancorp

FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, reporting beneficial ownership of 4.7% of ConnectOne Bancorp Inc.'s common stock as of March 31, 2026.

Summary

• FMR LLC, through its subsidiaries and affiliates, along with Abigail P. Johnson, has reported a significant ownership stake in ConnectOne Bancorp Inc.
• The filing indicates beneficial ownership of 2,341,915.71 shares of common stock.
• This ownership represents approximately 4.7% of the total outstanding common stock of ConnectOne Bancorp Inc.
• The reporting date for this ownership is March 31, 2026.
• FMR LLC is classified as a holding company (HC), and Abigail P. Johnson is classified as an investment adviser (IA).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It indicates significant institutional interest but does not provide performance data or strategic insights into ConnectOne Bancorp Inc. itself.

Positives

• FMR LLC and Abigail P. Johnson, significant financial entities, have taken a notable position in ConnectOne Bancorp Inc., potentially signaling confidence in the company's future.
• The filing indicates a substantial ownership percentage (4.7%), which could lead to increased investor interest and potentially a more stable shareholder base.

Negatives

• The filing does not contain any negative financial performance indicators or operational challenges for ConnectOne Bancorp Inc. itself; it solely reports ownership stakes.

Risks

• The filing does not explicitly mention any risks associated with ConnectOne Bancorp Inc. The primary 'risk' from an investor's perspective might be the potential for these large shareholders to divest their holdings, impacting share price, though no such intention is stated.
• As FMR LLC is a large institutional investor, their investment strategy could shift, leading to changes in their holdings.

Future Outlook

This filing is a snapshot of ownership as of a specific date and does not contain forward-looking statements or guidance from ConnectOne Bancorp Inc. or the reporting persons regarding future performance or intentions.

Management Comments

• FMR LLC and Abigail P. Johnson, through their authorized representatives, certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that the filing of a Schedule 13G by major financial entities like FMR LLC and individuals like Abigail P. Johnson indicates significant institutional interest in regional banking. This aligns with broader trends of institutional investors seeking exposure to stable financial services companies, particularly in the current economic climate.

Stakeholder Impact

• Shareholders: The significant stake held by FMR LLC and Abigail P. Johnson may provide a degree of stability to the stock price, but also means a large portion of shares are held by entities with potentially different investment objectives than retail investors.
• Management of ConnectOne Bancorp Inc.: May see increased engagement or scrutiny from these large institutional investors.
• Creditors/Suppliers: No direct impact indicated by this filing.

Next Steps

• The reporting persons will continue to monitor their holdings and may file amendments to this Schedule 13G if there are any material changes in their beneficial ownership.
• ConnectOne Bancorp Inc. will continue its operations as usual, with the reporting persons acting as significant shareholders.

Key Dates

Keywords

ConnectOne Bancorp Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, SEC Filing, Beneficial Ownership, Common Stock, Investment, Financial Holding Company, Investment Adviser