Laura Criscione Sells 4,300 Shares of ConnectOne Bancorp Inc (NASDAQ:CNOB) Stock

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.

Insider Buying and Selling by Quarter for ConnectOne Bancorp (NASDAQ:CNOB)

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