Director Michael W Kempner sold 67,800 shares of CNOB at $14.75 for $1.0M; holds 216.5K shares post-sale.
Director Michael W Kempner executed a substantial sale on August 11, 2020, reducing his position by 67,800 shares (23.9% of his pre-transaction holdings), leaving him with 216,466 shares. The sale occurred at $14.75 per share for $1,000,382.22. The current price stands at $26.21, representing a 77.6% increase from the transaction price—a significant upward move since the sale date. At the time of sale, the stock was trading within its 52-week range near the lower end, having declined 6.1% over the prior 30 days, suggesting the director was selling into relative weakness. This transaction is a discrete, material reduction in insider holdings rather than routine portfolio activity.
Director Boswell purchases 7,700 shares at $22.24 for $171,232; holdings rise 2.8% to 280.5K shares
Stephen T. Boswell, a director at ConnectOne Bancorp, made 2 separate open-market purchases on 2025-08-01 totaling 7,700 shares (7.7K shares) for $171,232.00, with a blended average price of $22.24. The stock is currently trading at $22.80, above the transaction price but down 20.4% from its 52-week high of $28.66 and off 8.8% over the past 30 days. Boswell's cross-ticker track record shows 1 prior buy with a positive 90-day return (+5.8%), and his prior CNOB purchase on 2023-11-16 similarly yielded a positive 90-day return (+5.8%), indicating a pattern of well-timed buying decisions at this ticker. The company trades at a P/E of 11.40 with net income of $20.2M and a market cap of $877.1M, representing a modest valuation environment into which this director accumulated an additional 7,700 shares.
Director Susan C O'Donnell buys 2,690 shares of CNOB at $22.30; holdings rise to 8,522 shares (+46.1%)
O'Donnell, a director, purchased 2,690 shares at $22.30 on 2025-08-01, increasing her stake by 46.1% from 5,832 to 8,522 shares. The current price of $22.68 sits 20.9% below the 52-week high of $28.66, with the stock down 9.3% over 30 days and down 2.2% over 90 days, placing the purchase in a period of weakness. ConnectOne trades at a P/E of 11.34 with a market cap of $872.5M and net income of $20.2M. The director's substantial increase in shareholding during a downturn may be noteworthy, but the absence of prior transaction history prevents assessment of whether this reflects a pattern of conviction or represents an isolated acquisition.
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