Nationwide Fund Advisors grew its holdings in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,343 shares of the financial services provider’s stock after purchasing an additional 582 shares during the period. Nationwide Fund Advisors owned about 0.07% of ConnectOne Bancorp worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in ConnectOne Bancorp by 9.5% in the first quarter. Legal & General Group Plc now owns 7,568 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 659 shares during the period. Karp Capital Management Corp purchased a new stake in ConnectOne Bancorp in the first quarter worth $218,000. Trexquant Investment LP purchased a new stake in ConnectOne Bancorp in the second quarter worth $227,000. Aperio Group LLC grew its position in shares of ConnectOne Bancorp by 28.2% during the 2nd quarter. Aperio Group LLC now owns 11,542 shares of the financial services provider’s stock worth $260,000 after buying an additional 2,541 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC grew its position in shares of ConnectOne Bancorp by 6.3% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 17,000 shares of the financial services provider’s stock worth $383,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

ConnectOne Bancorp, Inc. (NASDAQ CNOB) opened at $27.10 on Friday. The stock has a market capitalization of $864.41 million, a PE ratio of 16.36 and a beta of 0.97. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.15 and a quick ratio of 1.13.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Monday, October 16th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, October 13th. ConnectOne Bancorp’s payout ratio is 31.58%.

A number of equities analysts have recently issued reports on CNOB shares. Zacks Investment Research raised ConnectOne Bancorp from a “sell” rating to a “hold” rating and set a $30.00 price target on the stock in a research report on Monday, October 30th. BidaskClub downgraded ConnectOne Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Piper Jaffray Companies reissued a “buy” rating and set a $29.00 price target on shares of ConnectOne Bancorp in a research report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $32.00 price target on shares of ConnectOne Bancorp in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $29.50.

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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.

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

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