Banc Funds Co. LLC Reduces ConnectOne Bancorp Stake

Investment firm sells 101,000 shares of the financial services provider

Mar. 15, 2026 at 8:34am

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Banc Funds Co. LLC lowered its holdings in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 29.5% during the third quarter, according to the company's recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 241,186 shares of the financial services provider's stock, down from 342,186 shares previously.

Why it matters

This transaction provides insight into the investment strategy and portfolio adjustments of Banc Funds Co. LLC, a notable institutional investor in ConnectOne Bancorp. The reduced stake could signal a shift in the firm's outlook on the financial services company.

The details

According to the 13F filing, Banc Funds Co. LLC sold 101,000 shares of ConnectOne Bancorp during the third quarter. The firm now owns 241,186 shares, or 0.48% of the company's outstanding stock, valued at $5,984,000 at the end of the quarter.

  • Banc Funds Co. LLC lowered its holdings in ConnectOne Bancorp during the third quarter of 2026.

The players

Banc Funds Co. LLC

An investment firm that previously held a significant stake in ConnectOne Bancorp.

ConnectOne Bancorp, Inc.

A New Jersey-based bank holding company that provides commercial banking services to small and medium-sized businesses, professionals, and individuals.

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The takeaway

The reduced stake by Banc Funds Co. LLC in ConnectOne Bancorp suggests a potential shift in the investment firm's outlook on the financial services provider. This transaction provides insight into portfolio adjustments by a notable institutional investor in the company.