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

Janney Montgomery Scott LLC lowered its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 15.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,090 shares of the financial services provider’s stock after selling 9,748 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ConnectOne Bancorp were worth $1,330,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CNOB. Hsbc Holdings PLC increased its holdings in shares of ConnectOne Bancorp by 6.7% in the 2nd quarter. Hsbc Holdings PLC now owns 17,938 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 1,131 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in ConnectOne Bancorp by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,860 shares of the financial services provider’s stock valued at $719,000 after purchasing an additional 1,535 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of ConnectOne Bancorp by 8.2% during the second quarter. Principal Financial Group Inc. now owns 21,130 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 1,606 shares during the period. Palouse Capital Management Inc. lifted its position 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 worth $201,000 after buying an additional 1,607 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. boosted its holdings in shares of ConnectOne Bancorp by 2.1% in the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 87,812 shares of the financial services provider’s stock valued at $2,200,000 after buying an additional 1,800 shares during the period. Institutional investors own 67.70% of the company’s stock.

ConnectOne Bancorp Trading Down 0.8 %

ConnectOne Bancorp stock opened at $27.58 on Friday. The firm has a 50-day moving average price of $25.30 and a two-hundred day moving average price of $22.26. ConnectOne Bancorp, Inc. has a 52-week low of $17.07 and a 52-week high of $29.02. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.78 and a beta of 1.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.

ConnectOne Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CNOB shares. Piper Sandler increased their price objective on shares of ConnectOne Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. StockNews.com upgraded ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set 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 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.