Susquehanna International Group LLP acquired a new position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,401 shares of the financial services provider’s stock, valued at approximately $776,000. Susquehanna International Group LLP owned approximately 0.11% of ConnectOne Bancorp as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. Legal & General Group Plc lifted its holdings in ConnectOne Bancorp by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 7,868 shares of the financial services provider’s stock worth $177,000 after buying an additional 300 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in ConnectOne Bancorp by 1.0% during the 1st quarter. Wells Fargo & Company MN now owns 30,230 shares of the financial services provider’s stock worth $733,000 after buying an additional 314 shares in the last quarter. Stifel Financial Corp lifted its holdings in ConnectOne Bancorp by 3.2% during the 2nd quarter. Stifel Financial Corp now owns 12,312 shares of the financial services provider’s stock worth $278,000 after buying an additional 379 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in ConnectOne Bancorp by 3.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 17,095 shares of the financial services provider’s stock worth $385,000 after buying an additional 502 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its holdings in ConnectOne Bancorp by 2.7% during the 2nd quarter. Nationwide Fund Advisors now owns 22,343 shares of the financial services provider’s stock worth $504,000 after buying an additional 582 shares in the last quarter. 68.35% of the stock is currently owned by hedge funds and other institutional investors.
ConnectOne Bancorp, Inc. (NASDAQ CNOB) traded down 0.50% on Friday, reaching $25.00. The company’s stock had a trading volume of 18,056 shares. The firm has a market cap of $797.83 million, a P/E ratio of 27.17 and a beta of 0.97. The firm’s 50 day moving average is $23.35 and its 200-day moving average is $22.93. ConnectOne Bancorp, Inc. has a 12 month low of $17.75 and a 12 month high of $26.65.
ConnectOne Bancorp (NASDAQ:CNOB) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $36.52 million for the quarter, compared to analysts’ expectations of $36.08 million. ConnectOne Bancorp had a net margin of 16.42% and a return on equity of 9.37%. On average, equities research analysts anticipate that ConnectOne Bancorp, Inc. will post $1.42 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, October 16th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.19%. ConnectOne Bancorp’s payout ratio is presently 32.26%.
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Several research firms have issued reports on CNOB. Piper Jaffray Companies reaffirmed a “buy” rating and set a $29.00 price objective on shares of ConnectOne Bancorp in a report on Thursday. BidaskClub raised ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. ConnectOne Bancorp presently has a consensus rating of “Buy” and an average target price of $29.25.
ConnectOne Bancorp Company 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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