Stephen Boswell, the Lead Independent Director of ConnectOne Bancorp, has increased his stake in the company by purchasing an additional 2.2% of shares. This transaction reflects a vote of confidence from a key member of the company's board of directors.
Insider buying, particularly from a lead independent director, is often viewed by investors as a positive signal regarding the company's future performance. It suggests that those closest to the business believe in its strategic direction and value.
This increase in shareholding follows a period of significant strategic activity for ConnectOne Bancorp, including a major merger that has expanded its scale and market presence. The director's investment aligns with the company's ongoing efforts to drive long-term value.
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