Susquehanna International Group LLP Purchases 27,279 Shares of ConnectOne Bancorp Inc (CNOB)

Susquehanna International Group LLP lifted its position in ConnectOne Bancorp Inc (NASDAQ:CNOB) by 79.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,680 shares of the financial services provider’s stock after buying an additional 27,279 shares during the quarter. Susquehanna International Group LLP owned about 0.19% of ConnectOne Bancorp worth $1,517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc lifted its holdings in ConnectOne Bancorp by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 7,868 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 300 shares during the last quarter. Stifel Financial Corp lifted its holdings in ConnectOne Bancorp by 3.2% in the 2nd quarter. Stifel Financial Corp now owns 12,312 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 379 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in ConnectOne Bancorp by 3.0% in 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 purchasing an additional 502 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in ConnectOne Bancorp by 2.7% in the 2nd quarter. Nationwide Fund Advisors now owns 22,343 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 582 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC lifted its holdings in ConnectOne Bancorp by 6.3% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 17,000 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 1,000 shares during the last quarter. 68.57% of the stock is owned by institutional investors and hedge funds.

CNOB has been the subject of several analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $32.00 target price on shares of ConnectOne Bancorp in a report on Thursday, October 26th. Piper Jaffray Companies restated a “buy” rating and issued a $29.00 target price on shares of ConnectOne Bancorp in a report on Thursday, October 12th. BidaskClub lowered ConnectOne Bancorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded ConnectOne Bancorp from a “sell” rating to a “hold” rating and set a $30.00 target price for the company in a report on Monday, October 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $30.38.

ConnectOne Bancorp Inc (CNOB) opened at $27.35 on Friday. ConnectOne Bancorp Inc has a 1-year low of $21.04 and a 1-year high of $28.20. The company has a market capitalization of $851.61, a P/E ratio of 16.12 and a beta of 0.96. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10.

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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.

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

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