Director Michael W Kempner executed a sale of ConnectOne Bancorp (NASDAQ: CNOB) shares in 2020 but has retained a meaningful ownership stake in the company. According to a Form 4 filing with the Securities and Exchange Commission, Kempner sold 67,800 shares of common stock on August 11, 2020, at a unit price of $14.7549, producing proceeds of approximately $1.0 million.
Following the disposition recorded in that filing, Kempner continued to own 214,370 shares of ConnectOne Bancorp directly. In a separate transaction noted on March 17, 2026, Kempner made a charitable gift of 7,707 shares.
Market movements since the 2020 sale have been notable: ConnectOne’s common stock is currently trading at $25.62, a 74% increase relative to the August 11, 2020 transaction price. The price appreciation reflects subsequent trading activity and valuation changes since the time of the sale.
Beyond insider activity, the bank’s recent quarterly disclosure showed mixed financial results. For the fourth quarter of 2025, ConnectOne reported earnings per share of $0.75, exceeding analysts’ expectations of $0.72 - a 4.17% positive surprise. Revenue for the period was $110.3 million, however, which fell short of the $115.2 million analysts anticipated, a 4.25% negative surprise. The stock described in pre-market trading following those results was reported as stable.
On the shareholder return front, the bank maintains a dividend yield of 2.82% and has increased its dividend for seven consecutive years, according to InvestingPro. Those attributes are part of the company’s recent investor disclosures and factor into assessments of its cash return profile.
Taken together, the filings and financial disclosures outline an insider sale that did not eliminate a significant director holding, a later charitable gift, and quarterly results that combined an EPS beat with a revenue miss. The documentation cited is limited to the Form 4 filing and the company’s reported quarterly results; no additional claims or interpretations are made beyond those filings and figures.