Algert Global LLC Lowers Stock Position in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Algert Global LLC reduced its holdings in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,316 shares of the financial services provider’s stock after selling 1,180 shares during the period. Algert Global LLC owned about 0.12% of ConnectOne Bancorp worth $1,110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in ConnectOne Bancorp by 2.6% during the first quarter. Vanguard Group Inc. now owns 2,143,706 shares of the financial services provider’s stock valued at $41,802,000 after acquiring an additional 53,563 shares during the last quarter. American Century Companies Inc. grew its position in ConnectOne Bancorp by 15.6% during the second quarter. American Century Companies Inc. now owns 633,599 shares of the financial services provider’s stock valued at $11,969,000 after acquiring an additional 85,437 shares during the last quarter. Stieven Capital Advisors L.P. bought a new position in ConnectOne Bancorp during the third quarter valued at approximately $6,488,000. Bank of New York Mellon Corp grew its position in ConnectOne Bancorp by 2.4% during the second 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 acquiring an additional 5,186 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in ConnectOne Bancorp by 7.2% during the second quarter. Renaissance Technologies LLC now owns 209,487 shares of the financial services provider’s stock valued at $3,957,000 after acquiring an additional 14,124 shares during the last quarter. 67.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Monday, November 18th.

ConnectOne Bancorp Stock Down 0.3 %

Shares of ConnectOne Bancorp stock opened at $27.75 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. ConnectOne Bancorp, Inc. has a 52-week low of $17.07 and a 52-week high of $29.31. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.95 and a beta of 1.25. The company’s 50 day moving average price is $25.89 and its 200-day moving average price is $22.87.

ConnectOne Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, November 15th. ConnectOne Bancorp’s dividend payout ratio (DPR) is currently 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.