Insider Selling: ConnectOne Bancorp Inc. (CNOB) Director Sells $32,951.00 in Stock
ConnectOne Bancorp Inc. (NASDAQ:CNOB) Director Michael W. Kempner sold 1,660 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $19.85, for a total value of $32,951.00. Following the completion of the sale, the director now directly owns 373,926 shares of the company’s stock, valued at $7,422,431.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
ConnectOne Bancorp Inc. (NASDAQ:CNOB) opened at 21.15 on Thursday. The company’s 50-day moving average price is $18.64 and its 200 day moving average price is $17.25. ConnectOne Bancorp Inc. has a one year low of $14.86 and a one year high of $22.20. The firm has a market capitalization of $640.10 billion, a PE ratio of 15.00 and a beta of 0.75.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Friday, October 14th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Wednesday, October 12th. ConnectOne Bancorp’s dividend payout ratio (DPR) is presently 21.43%.
Several research firms have recently commented on CNOB. FBR & Co reissued a “buy” rating and issued a $21.00 price target on shares of ConnectOne Bancorp in a report on Monday, July 25th. Zacks Investment Research raised ConnectOne Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Thursday, October 6th.
About ConnectOne Bancorp
ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (the Bank), a New Jersey-chartered commercial bank. The Company operates in community bank segment. The Bank offers a range of deposit and loan products, and services to the general public, small and middle-sized businesses, local professionals, and individuals residing, working and conducting business in its trade area.
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