Prudential Financial Inc. increased its holdings in shares of ConnectOne Bancorp Inc (NASDAQ:CNOB) by 21.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 226,338 shares of the financial services provider’s stock after purchasing an additional 39,219 shares during the quarter. Prudential Financial Inc.’s holdings in ConnectOne Bancorp were worth $5,129,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in ConnectOne Bancorp by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,175,725 shares of the financial services provider’s stock worth $40,185,000 after purchasing an additional 140,515 shares in the last quarter. Investment Counselors of Maryland LLC increased its stake in ConnectOne Bancorp by 1.1% during the 2nd quarter. Investment Counselors of Maryland LLC now owns 1,043,867 shares of the financial services provider’s stock worth $23,654,000 after purchasing an additional 11,396 shares in the last quarter. Banc Funds Co. LLC increased its stake in ConnectOne Bancorp by 10.1% during the 1st quarter. Banc Funds Co. LLC now owns 636,193 shares of the financial services provider’s stock worth $12,533,000 after purchasing an additional 58,340 shares in the last quarter. Seidman Lawrence B increased its stake in ConnectOne Bancorp by 88.7% during the 1st quarter. Seidman Lawrence B now owns 390,781 shares of the financial services provider’s stock worth $7,698,000 after purchasing an additional 183,718 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in ConnectOne Bancorp by 34.4% during the 1st quarter. Kennedy Capital Management Inc. now owns 379,184 shares of the financial services provider’s stock worth $7,470,000 after purchasing an additional 96,995 shares in the last quarter. 61.25% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on CNOB shares. BidaskClub raised ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday. Stephens raised ConnectOne Bancorp from an “equal” rating to an “overweight” rating and set a $27.00 target price for the company in a research note on Tuesday, July 9th. Finally, Zacks Investment Research raised ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. ConnectOne Bancorp currently has a consensus rating of “Hold” and a consensus target price of $25.50.

Shares of CNOB traded up $0.34 during mid-day trading on Friday, hitting $22.84. 16,340 shares of the company’s stock were exchanged, compared to its average volume of 138,238. The company has a market cap of $774.58 million, a PE ratio of 10.24 and a beta of 0.94. ConnectOne Bancorp Inc has a 52 week low of $17.07 and a 52 week high of $24.75. The company has a 50-day simple moving average of $21.01 and a 200 day simple moving average of $21.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 1.00.

ConnectOne Bancorp (NASDAQ:CNOB) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $47.47 million for the quarter, compared to the consensus estimate of $47.88 million. ConnectOne Bancorp had a return on equity of 11.59% and a net margin of 27.54%. On average, analysts anticipate that ConnectOne Bancorp Inc will post 2.25 earnings per share for the current year.

In other ConnectOne Bancorp news, Director Stephen T. Boswell purchased 10,500 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of $20.47 per share, with a total value of $214,935.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frank W. Baier purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average cost of $19.99 per share, with a total value of $99,950.00. Following the completion of the purchase, the director now directly owns 82,233 shares in the company, valued at $1,643,837.67. The disclosure for this purchase can be found here. Insiders have bought a total of 21,519 shares of company stock valued at $327,766 over the last ninety days. Company insiders own 7.58% of the company’s stock.

About ConnectOne Bancorp

ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank, a state chartered bank that provides various commercial banking products and services. The company offers a range of deposit products, including personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts.

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

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