ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 852,507 shares of the financial services provider’s stock after acquiring an additional 6,880 shares during the quarter. Geode Capital Management LLC owned about 2.22% of ConnectOne Bancorp worth $21,359,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its position in ConnectOne Bancorp by 52.0% during the third quarter. Barclays PLC now owns 114,708 shares of the financial services provider’s stock worth $2,874,000 after buying an additional 39,249 shares during the period. Zacks Investment Management purchased a new stake in shares of ConnectOne Bancorp during the 3rd quarter worth approximately $232,000. Jane Street Group LLC grew its holdings in shares of ConnectOne Bancorp by 26.3% in the 3rd quarter. Jane Street Group LLC now owns 44,735 shares of the financial services provider’s stock worth $1,121,000 after acquiring an additional 9,313 shares during the period. Wellington Management Group LLP purchased a new position in ConnectOne Bancorp in the 3rd quarter valued at approximately $14,127,000. Finally, Stifel Financial Corp raised its holdings 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. Institutional investors and hedge funds own 67.70% of the company’s stock.

Analyst Ratings Changes

CNOB has been the topic of several research reports. StockNews.com raised ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Monday, November 18th. Keefe, Bruyette & Woods increased 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.

ConnectOne Bancorp Price Performance

Shares of NASDAQ:CNOB opened at $22.65 on Friday. 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’s fifty day moving average price is $25.98 and its two-hundred day moving average price is $23.73. The stock has a market cap of $869.08 million, a PE ratio of 13.02 and a beta of 1.27. ConnectOne Bancorp, Inc. has a one year low of $17.07 and a one year high of $29.31.

ConnectOne Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Friday, November 15th. ConnectOne Bancorp’s payout ratio is currently 41.38%.

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.