John W. Rosenthal Capital Management Inc. raised its stake in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 42.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the financial services provider’s stock after purchasing an additional 30,000 shares during the period. ConnectOne Bancorp accounts for 1.9% of John W. Rosenthal Capital Management Inc.’s holdings, making the stock its 23rd biggest holding. John W. Rosenthal Capital Management Inc. owned 0.31% of ConnectOne Bancorp worth $2,460,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in ConnectOne Bancorp by 7.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,358,490 shares of the financial services provider’s stock valued at $30,634,000 after purchasing an additional 94,746 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in ConnectOne Bancorp by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,356,084 shares of the financial services provider’s stock valued at $30,580,000 after purchasing an additional 152,549 shares in the last quarter. Vanguard Group Inc. increased its stake in ConnectOne Bancorp by 5.6% in the second quarter. Vanguard Group Inc. now owns 1,310,949 shares of the financial services provider’s stock valued at $29,561,000 after purchasing an additional 69,802 shares in the last quarter. Banc Funds Co. LLC increased its stake in ConnectOne Bancorp by 6.8% in the second quarter. Banc Funds Co. LLC now owns 784,153 shares of the financial services provider’s stock valued at $17,683,000 after purchasing an additional 50,000 shares in the last quarter. Finally, State Street Corp increased its stake in ConnectOne Bancorp by 8.9% in the second quarter. State Street Corp now owns 570,520 shares of the financial services provider’s stock valued at $12,868,000 after purchasing an additional 46,590 shares in the last quarter. 67.68% of the stock is owned by hedge funds and other institutional investors.

ConnectOne Bancorp, Inc. (CNOB) traded down $0.15 during trading hours on Friday, hitting $25.75. 56,500 shares of the stock traded hands, compared to its average volume of 100,773. The company has a current ratio of 0.98, a quick ratio of 1.13 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $824.39, a P/E ratio of 15.61 and a beta of 0.97. ConnectOne Bancorp, Inc. has a one year low of $20.20 and a one year high of $27.40.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, October 13th. ConnectOne Bancorp’s payout ratio is presently 31.58%.

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Several research firms have weighed in on CNOB. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $30.50 price target on shares of ConnectOne Bancorp in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating and set a $30.00 price target for the company in a research note on Monday, October 30th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $32.00 price target on shares of ConnectOne Bancorp in a research note on Thursday, October 26th. Finally, BidaskClub raised shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $29.50.

ConnectOne Bancorp Profile

ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Bank offers a range of deposit and loan products. In addition, to attract the business of consumer and business customers, it also provides an array of other banking services.

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Institutional Ownership by Quarter for ConnectOne Bancorp (NASDAQ:CNOB)

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