ConnectOne: M&A Benefits Clear In A Solid Q3 (Rating Upgrade)

Core Viewpoint - ConnectOne (CNOB) shares have underperformed over the past year, with a loss of approximately 4% despite a recent acquisition of FLIC that is viewed positively [1] Company Performance - The stock performance of ConnectOne has been disappointing, primarily influenced by concerns regarding the real estate market in the NYC area [1] Acquisition Impact - The acquisition of FLIC is considered attractive, yet it has not significantly alleviated investor fears related to the broader real estate market dynamics [1]