ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Shares Bought by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 4.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,650 shares of the financial services provider’s stock after buying an additional 3,565 shares during the quarter. Stifel Financial Corp owned 0.24% of ConnectOne Bancorp worth $2,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stieven Capital Advisors L.P. purchased a new position in shares of ConnectOne Bancorp during the third quarter worth $6,488,000. Thrivent Financial for Lutherans acquired a new stake in ConnectOne Bancorp during the 2nd quarter worth about $1,648,000. American Century Companies Inc. raised its stake in shares of ConnectOne Bancorp by 15.6% during the 2nd quarter. American Century Companies Inc. now owns 633,599 shares of the financial services provider’s stock valued at $11,969,000 after buying an additional 85,437 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ConnectOne Bancorp in the 3rd quarter valued at about $743,000. Finally, Cornercap Investment Counsel Inc. boosted its stake in shares of ConnectOne Bancorp by 111.1% in the second quarter. Cornercap Investment Counsel Inc. now owns 55,406 shares of the financial services provider’s stock worth $1,047,000 after buying an additional 29,161 shares during the last quarter. 67.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

ConnectOne Bancorp Price Performance

Shares of ConnectOne Bancorp stock opened at $23.76 on Thursday. The firm has a market cap of $911.67 million, a PE ratio of 13.66 and a beta of 1.27. ConnectOne Bancorp, Inc. has a twelve month low of $17.07 and a twelve month high of $29.31. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $26.42 and a 200 day moving average price of $23.52.

ConnectOne Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, November 15th. ConnectOne Bancorp’s dividend payout ratio (DPR) is presently 41.38%.

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.