Thrivent Financial for Lutherans reduced its stake in ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) by 57.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,340 shares of the financial services provider's stock after selling 49,938 shares during the period. Thrivent Financial for Lutherans owned approximately 0.10% of ConnectOne Bancorp worth $936,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Copeland Capital Management LLC purchased a new stake in shares of ConnectOne Bancorp during the 3rd quarter valued at $53,000. Bryn Mawr Capital Management LLC purchased a new stake in ConnectOne Bancorp in the 2nd quarter valued at about $171,000. Evergreen Capital Management LLC acquired a new stake in ConnectOne Bancorp in the second quarter valued at approximately $196,000. Palouse Capital Management Inc. lifted its position 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 period. Finally, SG Americas Securities LLC acquired a new position in ConnectOne Bancorp during the third quarter worth $246,000. Institutional investors and hedge funds own 67.70% of the company's stock.
ConnectOne Bancorp Price Performance
NASDAQ CNOB traded down $0.46 on Tuesday, hitting $26.95. 144,526 shares of the company's stock were exchanged, compared to its average volume of 208,667. ConnectOne Bancorp, Inc. has a 52 week low of $17.07 and a 52 week high of $29.31. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 15.49 and a beta of 1.27. The stock has a 50-day moving average of $25.98 and a 200-day moving average of $23.01.
ConnectOne Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 2.67%. ConnectOne Bancorp's dividend payout ratio (DPR) is presently 41.38%.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of ConnectOne Bancorp from a "sell" rating to a "hold" rating in a research report on Monday, November 18th.
View Our Latest Report on ConnectOne Bancorp
About ConnectOne Bancorp
(
Free Report)
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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![Institutional Ownership by Quarter for ConnectOne Bancorp (NASDAQ:CNOB)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=CNOB)
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