ConnectOne Bancorp Inc (NASDAQ:CNOB) CFO William S. Burns sold 941 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $28.60, for a total value of $26,912.60. Following the sale, the chief financial officer now owns 53,204 shares in the company, valued at $1,521,634.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of ConnectOne Bancorp Inc (CNOB) opened at $28.65 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.95. The company has a market capitalization of $902.82, a price-to-earnings ratio of 21.22 and a beta of 1.05. ConnectOne Bancorp Inc has a one year low of $21.04 and a one year high of $29.75.

ConnectOne Bancorp (NASDAQ:CNOB) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.11. The business had revenue of $41.83 million for the quarter, compared to analyst estimates of $39.55 million. ConnectOne Bancorp had a return on equity of 10.30% and a net margin of 22.80%. equities analysts forecast that ConnectOne Bancorp Inc will post 2.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Monday, January 15th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, January 11th. ConnectOne Bancorp’s dividend payout ratio is 22.22%.

A number of analysts have recently issued reports on CNOB shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $32.00 price objective on shares of ConnectOne Bancorp in a research report on Thursday, October 26th. Zacks Investment Research upgraded ConnectOne Bancorp from a “sell” rating to a “hold” rating and set a $30.00 price objective on the stock in a research report on Monday, October 30th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $30.50 price target on shares of ConnectOne Bancorp in a research note on Wednesday, November 1st. Finally, BidaskClub lowered ConnectOne Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th.

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in ConnectOne Bancorp in the 3rd quarter valued at $112,000. Legal & General Group Plc boosted its stake in ConnectOne Bancorp by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 7,868 shares of the financial services provider’s stock valued at $177,000 after buying an additional 300 shares in the last quarter. Benchmark Capital Advisors acquired a new stake in ConnectOne Bancorp in the 3rd quarter valued at $202,000. Clear Harbor Asset Management LLC acquired a new stake in ConnectOne Bancorp in the 3rd quarter valued at $209,000. Finally, GSA Capital Partners LLP acquired a new stake in ConnectOne Bancorp in the 2nd quarter valued at $244,000. 68.35% of the stock is currently owned by institutional investors and hedge funds.

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About ConnectOne Bancorp

ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Bank offers a range of deposit and loan products. In addition, to attract the business of consumer and business customers, it also provides an array of other banking services.

Insider Buying and Selling by Quarter for ConnectOne Bancorp (NASDAQ:CNOB)

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