ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) Sees Large Decline in Short Interest

ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,561 shares, a drop of 83.7% from the June 30th total of 9,567 shares. Based on an average daily volume of 3,944 shares, the days-to-cover ratio is currently 0.4 days.

ConnectOne Bancorp Stock Performance

ConnectOne Bancorp stock traded up $0.02 during mid-day trading on Friday, reaching $25.14. The company’s stock had a trading volume of 3,600 shares, compared to its average volume of 6,221. ConnectOne Bancorp has a twelve month low of $23.11 and a twelve month high of $25.17. The business has a 50 day moving average price of $24.95 and a 200-day moving average price of $24.73.

ConnectOne Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $0.3281 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.31 annualized dividend and a dividend yield of 5.2%.

ConnectOne Bancorp Company Profile

ConnectOne Bancorp, Inc is the bank holding company for ConnectOne Bank, a regional commercial bank headquartered in Englewood Cliffs, New Jersey. Established through the 2006 merger of Northern Jersey Bancorp and Bergen Bancorp, ConnectOne Bank focuses on serving small- to middle-market businesses, professional firms and individual customers. The company’s core business activities include commercial lending, specialty finance, treasury management and deposit services.

ConnectOne Bank provides a comprehensive suite of financial products and services.