ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $25.68 and traded as low as $22.16. ConnectOne Bancorp shares last traded at $22.39, with a volume of 379,188 shares trading hands.
Analyst Ratings Changes
CNOB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of ConnectOne Bancorp from $28.00 to $31.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of ConnectOne Bancorp from a "sell" rating to a "hold" rating in a research note on Monday, November 18th.
View Our Latest Research Report on CNOB
ConnectOne Bancorp Trading Up 0.4 %
The firm has a market capitalization of $862.94 million, a P/E ratio of 12.93 and a beta of 1.30. The business's 50 day moving average is $25.68 and its two-hundred day moving average is $24.07. 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 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a $0.18 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 3.20%. ConnectOne Bancorp's dividend payout ratio (DPR) is 41.38%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Copeland Capital Management LLC acquired a new stake in ConnectOne Bancorp in the 3rd quarter valued at about $53,000. Palouse Capital Management Inc. lifted its stake in ConnectOne Bancorp by 25.1% during the third quarter. Palouse Capital Management Inc. now owns 8,022 shares of the financial services provider's stock valued at $201,000 after purchasing an additional 1,607 shares during the last quarter. Zacks Investment Management bought a new stake in ConnectOne Bancorp during the third quarter worth approximately $232,000. SG Americas Securities LLC acquired a new position in ConnectOne Bancorp in the third quarter worth approximately $246,000. Finally, Evergreen Capital Management LLC bought a new position in shares of ConnectOne Bancorp in the second quarter valued at $196,000. 67.70% of the stock is owned by institutional investors and hedge funds.
ConnectOne Bancorp Company Profile
(
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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.
Further Reading
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