UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.32 Million Holdings in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 10.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,506 shares of the financial services provider’s stock after selling 6,443 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of ConnectOne Bancorp worth $1,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Copeland Capital Management LLC bought a new stake in shares of ConnectOne Bancorp in the third quarter valued at about $53,000. Bryn Mawr Capital Management LLC acquired a new position in ConnectOne Bancorp in the 2nd quarter valued at approximately $171,000. Evergreen Capital Management LLC bought a new stake in shares of ConnectOne Bancorp in the 2nd quarter worth approximately $196,000. Palouse Capital Management Inc. grew its holdings in shares of ConnectOne Bancorp by 25.1% during the 3rd quarter. Palouse Capital Management Inc. now owns 8,022 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 1,607 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of ConnectOne Bancorp during the 3rd quarter worth approximately $246,000. 67.70% of the stock is currently owned by institutional investors and hedge funds.

ConnectOne Bancorp Stock Down 3.1 %

Shares of NASDAQ CNOB opened at $25.58 on Wednesday. ConnectOne Bancorp, Inc. has a 52-week low of $17.07 and a 52-week high of $29.31. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01. The business has a fifty day moving average of $26.40 and a two-hundred day moving average of $23.48. The stock has a market cap of $981.50 million, a PE ratio of 14.84 and a beta of 1.27.

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 issued a $0.18 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.81%. ConnectOne Bancorp’s dividend payout ratio is 41.38%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CNOB. StockNews.com upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, November 18th. Keefe, Bruyette & Woods lifted their price objective on ConnectOne Bancorp from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

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.