Short Interest in ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) Drops By 38.4%

ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 4,018 shares, a drop of 38.4% from the May 31st total of 6,522 shares. Based on an average daily volume of 5,136 shares, the days-to-cover ratio is presently 0.8 days.

ConnectOne Bancorp Trading Down 0.1%

CNOBP traded down $0.03 on Friday, reaching $24.96. 1,470 shares of the company traded hands, compared to its average volume of 6,572. The firm has a fifty day simple moving average of $24.89 and a two-hundred day simple moving average of $24.65. ConnectOne Bancorp has a one year low of $22.86 and a one year high of $25.11.

ConnectOne Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $0.3281 per share. This represents a $1.31 annualized dividend and a yield of 5.3%. The ex-dividend date was Friday, May 15th.

About ConnectOne Bancorp

ConnectOne Bancorp, Inc is the bank holding company for ConnectOne Bank, a regional commercial bank headquartered in Englewood Cliffs, New Jersey. Established through the 2006 merger of Northern Jersey Bancorp and Bergen Bancorp, ConnectOne Bank focuses on serving small- to middle-market businesses, professional firms and individual customers. The company’s core business activities include commercial lending, specialty finance, treasury management and deposit services.

ConnectOne Bank provides a comprehensive suite of financial products and services.