Victory Capital Management Inc. Has $1.23 Million Holdings in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Victory Capital Management Inc. lowered its stake in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 12.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,220 shares of the financial services provider’s stock after selling 6,780 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of ConnectOne Bancorp worth $1,233,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CNOB. Copeland Capital Management LLC bought a new position in ConnectOne Bancorp in the 3rd quarter worth approximately $53,000. Bryn Mawr Capital Management LLC bought a new stake in ConnectOne Bancorp in the 2nd quarter valued at $171,000. Evergreen Capital Management LLC acquired a new position in shares of ConnectOne Bancorp during the second quarter valued at about $196,000. Palouse Capital Management Inc. grew 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 worth $201,000 after buying an additional 1,607 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in ConnectOne Bancorp during the third quarter valued at about $246,000. Institutional investors own 67.70% of the company’s stock.

ConnectOne Bancorp Trading Down 2.9 %

NASDAQ:CNOB opened at $27.84 on Wednesday. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 16.47 and a beta of 1.25. The business’s 50-day moving average price is $25.76 and its two-hundred day moving average price is $22.75. 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 1-year low of $17.07 and a 1-year high of $29.31.

ConnectOne Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.59%. ConnectOne Bancorp’s dividend payout ratio is currently 41.38%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, November 18th.

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.