ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 15.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,090 shares of the financial services provider’s stock after selling 9,748 shares during the quarter. Janney Montgomery Scott LLC owned 0.14% of ConnectOne Bancorp worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new position in shares of ConnectOne Bancorp in the 3rd quarter valued at about $53,000. Bryn Mawr Capital Management LLC acquired a new position in ConnectOne Bancorp during the second quarter valued at approximately $171,000. Evergreen Capital Management LLC purchased a new stake in ConnectOne Bancorp during the second quarter worth approximately $196,000. Palouse Capital Management Inc. raised its stake in shares of ConnectOne Bancorp by 25.1% in the 3rd quarter. Palouse Capital Management Inc. now owns 8,022 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 1,607 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of ConnectOne Bancorp during the 3rd quarter valued at $246,000. Hedge funds and other institutional investors own 67.70% of the company’s stock.

Analyst Upgrades and Downgrades

CNOB has been the subject of a number of research reports. Piper Sandler upped their price target on shares of ConnectOne Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. StockNews.com upgraded ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $26.00 price objective (up previously from $22.00) on shares of ConnectOne Bancorp in a research report on Friday, July 26th.

ConnectOne Bancorp Trading Down 0.8 %

NASDAQ:CNOB opened at $27.58 on Friday. ConnectOne Bancorp, Inc. has a one year low of $17.07 and a one year high of $29.02. The business’s 50-day simple moving average is $25.30 and its 200 day simple moving average is $22.26. 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 stock has a market cap of $1.06 billion, a price-to-earnings ratio of 15.78 and a beta of 1.25.

ConnectOne Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, November 15th. ConnectOne Bancorp’s dividend payout ratio (DPR) is currently 41.38%.

ConnectOne Bancorp Company Profile

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.