Strs Ohio increased its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,300 shares of the financial services provider’s stock after buying an additional 1,900 shares during the period. Strs Ohio owned approximately 0.10% of ConnectOne Bancorp worth $750,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in ConnectOne Bancorp by 41.8% in the first quarter. Wellington Management Group LLP now owns 2,872,566 shares of the financial services provider’s stock worth $69,659,000 after buying an additional 846,659 shares during the period. FMR LLC increased its position in ConnectOne Bancorp by 2.0% in the first quarter. FMR LLC now owns 2,640,591 shares of the financial services provider’s stock worth $64,034,000 after buying an additional 51,800 shares during the period. Goldman Sachs Group Inc. increased its position in ConnectOne Bancorp by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,263,744 shares of the financial services provider’s stock worth $30,646,000 after buying an additional 81,294 shares during the period. Vanguard Group Inc. increased its position in ConnectOne Bancorp by 6.0% in the first quarter. Vanguard Group Inc. now owns 1,241,147 shares of the financial services provider’s stock worth $30,098,000 after buying an additional 69,821 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in ConnectOne Bancorp by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,203,535 shares of the financial services provider’s stock worth $29,185,000 after buying an additional 137,501 shares during the period. 68.80% of the stock is currently owned by institutional investors.

ConnectOne Bancorp, Inc. (CNOB) opened at 22.15 on Monday. The firm has a market cap of $706.87 million, a P/E ratio of 24.08 and a beta of 0.97. The stock has a 50 day moving average price of $22.70 and a 200-day moving average price of $23.30. ConnectOne Bancorp, Inc. has a 1-year low of $17.08 and a 1-year high of $26.65.

ConnectOne Bancorp (NASDAQ:CNOB) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. ConnectOne Bancorp had a net margin of 16.42% and a return on equity of 9.37%. The company had revenue of $36.52 million for the quarter, compared to analysts’ expectations of $36.08 million. Equities research analysts forecast that ConnectOne Bancorp, Inc. will post $1.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 17th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.35%. ConnectOne Bancorp’s dividend payout ratio is 32.26%.

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A number of research analysts have recently weighed in on CNOB shares. BidaskClub downgraded ConnectOne Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research downgraded ConnectOne Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.00.

In other ConnectOne Bancorp news, COO Christopher J. Ewing sold 2,100 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $22.67, for a total transaction of $47,607.00. Following the sale, the chief operating officer now owns 9,922 shares of the company’s stock, valued at $224,931.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Frank Sorrentino III sold 2,445 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $21.85, for a total transaction of $53,423.25. Following the sale, the chairman now directly owns 566,410 shares in the company, valued at approximately $12,376,058.50. The disclosure for this sale can be found here. In the last three months, insiders sold 9,783 shares of company stock worth $214,562. 7.63% of the stock is currently owned by insiders.

About ConnectOne Bancorp

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

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