1 week Ago By ABMN Staff
JPMorgan Chase & Co. trimmed its position in ConnectOne Bancorp, Inc. ( NASDAQ:CNOB – Free Report ) by 6.
4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 840,502 shares of the financial services provider’s stock after selling 57,620 shares during the quarter. JPMorgan Chase & Co.
’s holdings in ConnectOne Bancorp were worth $19,256,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also made changes to their positions in CNOB. Vanguard Group Inc.
lifted its stake in ConnectOne Bancorp by 0.9% in the fourth quarter. Vanguard Group Inc.
now owns 2,166,557 shares of the financial services provider’s stock worth $49,636,000 after acquiring an additional 19,348 shares during the period. Geode Capital Management LLC raised its holdings in shares of ConnectOne Bancorp by 0.8% in the 3rd quarter.
Geode Capital Management LLC now owns 852,507 shares of the financial services provider’s stock valued at $21,359,000 after purchasing an additional 6,880 shares in the last quarter. American Century Companies Inc. lifted its position in shares of ConnectOne Bancorp by 6.
9% in the 4th quarter. American Century Companies Inc. now owns 771,714 shares of the financial services provider’s stock worth $17,680,000 after purchasing an additional 49,943 shares during the period.
Wellington Management Group LLP bought a new position in shares of ConnectOne Bancorp during the third quarter valued at approximately $14,127,000. Finally, Stieven Capital Advisors L.P.
increased its holdings in ConnectOne Bancorp by 96.2% during the fourth quarter. Stieven Capital Advisors L.
P. now owns 508,265 shares of the financial services provider’s stock valued at $11,644,000 after buying an additional 249,265 shares during the period. Institutional investors own 67.
70% of the company’s stock. Analysts Set New Price Targets Separately, Keefe, Bruyette & Woods upgraded ConnectOne Bancorp from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $31.00 to $32.
00 in a report on Wednesday, March 26th. ConnectOne Bancorp Stock Performance Shares of ConnectOne Bancorp stock opened at $21.17 on Friday.
ConnectOne Bancorp, Inc. has a one year low of $17.07 and a one year high of $29.
31. The company has a market capitalization of $812.38 million, a PE ratio of 11.
96 and a beta of 1.09. The company has a debt-to-equity ratio of 0.
07, a quick ratio of 1.01 and a current ratio of 1.01.
The company has a 50-day simple moving average of $24.43 and a two-hundred day simple moving average of $24.83.
ConnectOne Bancorp ( NASDAQ:CNOB – Get Free Report ) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.
42 by $0.10. ConnectOne Bancorp had a net margin of 13.
80% and a return on equity of 6.77%. Research analysts expect that ConnectOne Bancorp, Inc.
will post 2.23 EPS for the current fiscal year. ConnectOne Bancorp Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd.
Stockholders of record on Tuesday, February 18th were given a $0.18 dividend. The ex-dividend date was Tuesday, February 18th.
This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.40%.
ConnectOne Bancorp’s payout ratio is 40.68%. About ConnectOne Bancorp ( Free Report ) ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market.
The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking. Recommended Stories Want to see what other hedge funds are holding CNOB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConnectOne Bancorp, Inc.
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