B. Riley Wealth Advisors Inc. boosted its stake in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB – Free Report) by 196.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,903 shares of the financial services provider’s stock after buying an additional 40,334 shares during the period. B. Riley Wealth Advisors Inc. owned 0.16% of ConnectOne Bancorp worth $1,086,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently made changes to their positions in CNOB. Parallel Advisors LLC boosted its holdings in shares of ConnectOne Bancorp by 206.8% in the 4th quarter. Parallel Advisors LLC now owns 1,123 shares of the financial services provider’s stock valued at $26,000 after buying an additional 757 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of ConnectOne Bancorp by 4.3% during the 1st 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. Trexquant Investment LP grew its stake in ConnectOne Bancorp by 11.2% during the 4th quarter. Trexquant Investment LP now owns 21,936 shares of the financial services provider’s stock worth $503,000 after buying an additional 2,206 shares during the last quarter. Salzhauer Michael increased its position in ConnectOne Bancorp by 3.9% during the 1st quarter. Salzhauer Michael now owns 65,656 shares of the financial services provider’s stock valued at $1,280,000 after buying an additional 2,480 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in ConnectOne Bancorp in the fourth quarter valued at about $80,000. 67.70% of the stock is owned by institutional investors.
ConnectOne Bancorp Stock Performance
NASDAQ CNOB opened at $24.22 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. ConnectOne Bancorp, Inc. has a twelve month low of $14.51 and a twelve month high of $25.53. The stock has a 50-day moving average of $19.68 and a 200 day moving average of $19.92. The stock has a market capitalization of $928.43 million, a price-to-earnings ratio of 12.81 and a beta of 1.27.
ConnectOne Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, August 15th. ConnectOne Bancorp’s dividend payout ratio (DPR) is 38.10%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. 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 report on Friday, July 26th. Piper Sandler lifted their target price on ConnectOne Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, StockNews.com upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $25.00.
Check Out Our Latest Analysis on ConnectOne Bancorp
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.
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