BNP Paribas Financial Markets Grows Position in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

BNP Paribas Financial Markets increased its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 13.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,284 shares of the financial services provider’s stock after purchasing an additional 6,668 shares during the period. BNP Paribas Financial Markets’ holdings in ConnectOne Bancorp were worth $1,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNOB. Stieven Capital Advisors L.P. bought a new stake in ConnectOne Bancorp during the 3rd quarter valued at about $6,488,000. Thrivent Financial for Lutherans bought a new stake in ConnectOne Bancorp during the 2nd quarter valued at about $1,648,000. American Century Companies Inc. lifted its holdings in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in ConnectOne Bancorp during the 3rd quarter valued at about $743,000. Finally, Cornercap Investment Counsel Inc. lifted its holdings in ConnectOne Bancorp by 111.1% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 55,406 shares of the financial services provider’s stock valued at $1,047,000 after buying an additional 29,161 shares in the last quarter. Institutional investors own 67.70% of the company’s stock.

ConnectOne Bancorp Trading Down 0.3 %

NASDAQ CNOB opened at $27.06 on Monday. 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 firm has a market cap of $1.04 billion, a PE ratio of 15.55 and a beta of 1.27. The company has a 50 day moving average price of $26.20 and a 200 day moving average price of $23.19. ConnectOne Bancorp, Inc. has a 52 week low of $17.07 and a 52 week high of $29.31.

ConnectOne Bancorp Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.66%. ConnectOne Bancorp’s dividend payout ratio (DPR) is presently 41.38%.

Analyst Ratings Changes

CNOB has been the subject of a number of research analyst reports. StockNews.com upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Monday, November 18th. Keefe, Bruyette & Woods boosted their price target on shares of ConnectOne Bancorp from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

ConnectOne Bancorp Company 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.