ConnectOne Bancorp Inc (NASDAQ:CNOB) EVP Laura Criscione sold 4,300 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $26.49, for a total transaction of $113,907.00. Following the completion of the transaction, the executive vice president now directly owns 56,536 shares of the company’s stock, valued at $1,497,638.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of ConnectOne Bancorp Inc (NASDAQ:CNOB) traded up $0.95 during trading on Thursday, hitting $28.60. 157,306 shares of the stock were exchanged, compared to its average volume of 117,703. The firm has a market cap of $885.22, a price-to-earnings ratio of 30.43 and a beta of 0.96. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. ConnectOne Bancorp Inc has a 1-year low of $21.04 and a 1-year high of $28.65.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be paid a $0.075 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.05%. ConnectOne Bancorp’s dividend payout ratio (DPR) is presently 31.91%.
A number of equities analysts have weighed in on the stock. BidaskClub cut shares of ConnectOne Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Piper Jaffray Companies reissued a “buy” rating and issued a $30.50 price objective on shares of ConnectOne Bancorp in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of ConnectOne Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $32.00 price objective on shares of ConnectOne Bancorp in a research report on Thursday, October 26th.
Several institutional investors have recently modified their holdings of CNOB. SG Americas Securities LLC acquired a new stake in shares of ConnectOne Bancorp in the 3rd quarter valued at about $112,000. Legal & General Group Plc raised its stake in shares of ConnectOne Bancorp by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 7,868 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 300 shares in the last quarter. Benchmark Capital Advisors acquired a new stake in shares of ConnectOne Bancorp in the 3rd quarter valued at about $202,000. Clear Harbor Asset Management LLC acquired a new stake in shares of ConnectOne Bancorp in the 3rd quarter valued at about $209,000. Finally, Trexquant Investment LP acquired a new stake in shares of ConnectOne Bancorp in the 2nd quarter valued at about $227,000. Institutional investors and hedge funds own 68.57% of the company’s stock.
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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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