Barclays PLC Has $2.87 Million Position in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Barclays PLC lifted its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 52.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,708 shares of the financial services provider’s stock after acquiring an additional 39,249 shares during the period. Barclays PLC owned approximately 0.30% of ConnectOne Bancorp worth $2,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of ConnectOne Bancorp by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 218,936 shares of the financial services provider’s stock valued at $4,136,000 after purchasing an additional 5,186 shares in the last quarter. Principal Financial Group Inc. boosted its stake in ConnectOne Bancorp by 8.2% in the second quarter. Principal Financial Group Inc. now owns 21,130 shares of the financial services provider’s stock valued at $399,000 after buying an additional 1,606 shares in the last quarter. Bryn Mawr Capital Management LLC bought a new position in ConnectOne Bancorp in the second quarter valued at about $171,000. Victory Capital Management Inc. raised its stake in ConnectOne Bancorp by 14.8% during the second quarter. Victory Capital Management Inc. now owns 56,000 shares of the financial services provider’s stock worth $1,058,000 after acquiring an additional 7,200 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of ConnectOne Bancorp by 15.6% in the second quarter. American Century Companies Inc. now owns 633,599 shares of the financial services provider’s stock worth $11,969,000 after acquiring an additional 85,437 shares during the last quarter. 67.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports 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 upped their price target on shares of ConnectOne Bancorp from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

ConnectOne Bancorp Stock Up 0.2 %

Shares of NASDAQ CNOB opened at $23.08 on Wednesday. ConnectOne Bancorp, Inc. has a 1 year low of $17.07 and a 1 year high of $29.31. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $885.58 million, a PE ratio of 13.26 and a beta of 1.27. The company has a 50 day simple moving average of $26.25 and a 200 day simple moving average of $23.67.

ConnectOne Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $0.18 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 3.12%. ConnectOne Bancorp’s dividend payout ratio is 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.