ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) by 52.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,708 shares of the financial services provider's stock after purchasing an additional 39,249 shares during the quarter. Barclays PLC owned approximately 0.30% of ConnectOne Bancorp worth $2,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CNOB. Zacks Investment Management purchased a new stake in ConnectOne Bancorp in the 3rd quarter valued at about $232,000. Jane Street Group LLC grew its holdings in ConnectOne Bancorp by 26.3% in the third quarter. Jane Street Group LLC now owns 44,735 shares of the financial services provider's stock valued at $1,121,000 after purchasing an additional 9,313 shares during the period. Wellington Management Group LLP purchased a new stake in ConnectOne Bancorp in the third quarter valued at approximately $14,127,000. Stifel Financial Corp increased its position in ConnectOne Bancorp by 4.0% during the third quarter. Stifel Financial Corp now owns 91,650 shares of the financial services provider's stock worth $2,296,000 after purchasing an additional 3,565 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in ConnectOne Bancorp by 5.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 30,343 shares of the financial services provider's stock worth $760,000 after purchasing an additional 1,605 shares during the period. 67.70% of the stock is currently owned by institutional investors and hedge funds.

ConnectOne Bancorp Trading Up 0.2 %

CNOB traded up $0.04 during trading on Wednesday, hitting $23.08. 120,241 shares of the company's stock were exchanged, compared to its average volume of 188,616. ConnectOne Bancorp, Inc. has a 1 year low of $17.07 and a 1 year high of $29.31. The stock has a 50 day moving average price of $26.19 and a 200 day moving average price of $23.71. The firm has a market cap of $885.58 million, a P/E ratio of 13.26 and a beta of 1.27. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 3.12%. ConnectOne Bancorp's dividend payout ratio (DPR) is 41.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CNOB shares. Keefe, Bruyette & Woods boosted their price objective on shares of ConnectOne Bancorp from $28.00 to $31.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. StockNews.com raised ConnectOne Bancorp from a "sell" rating to a "hold" rating in a research report on Monday, November 18th.

About ConnectOne Bancorp

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.