Capital Investment Advisors LLC Has $448,000 Holdings in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Capital Investment Advisors LLC lowered its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,557 shares of the financial services provider’s stock after selling 850 shares during the quarter. Capital Investment Advisors LLC owned 0.05% of ConnectOne Bancorp worth $448,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Copeland Capital Management LLC acquired a new stake in shares of ConnectOne Bancorp during the third quarter valued at approximately $53,000. Palouse Capital Management Inc. increased its stake in ConnectOne Bancorp by 25.1% in the 3rd quarter. Palouse Capital Management Inc. now owns 8,022 shares of the financial services provider’s stock valued at $201,000 after buying an additional 1,607 shares during the period. Zacks Investment Management acquired a new position in ConnectOne Bancorp in the 3rd quarter valued at approximately $232,000. SG Americas Securities LLC acquired a new position in ConnectOne Bancorp in the 3rd quarter valued at approximately $246,000. Finally, Evergreen Capital Management LLC acquired a new position in ConnectOne Bancorp in the 2nd quarter valued at approximately $196,000. Institutional investors and hedge funds own 67.70% of the company’s stock.

ConnectOne Bancorp Stock Performance

CNOB stock opened at $23.12 on Thursday. 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 company has a market capitalization of $887.11 million, a price-to-earnings ratio of 13.29 and a beta of 1.30. ConnectOne Bancorp, Inc. has a 12 month low of $17.07 and a 12 month high of $29.31. The firm has a 50 day moving average of $25.34 and a two-hundred day moving average of $24.21.

ConnectOne Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.11%. The ex-dividend date was Friday, November 15th. ConnectOne Bancorp’s dividend payout ratio is 41.38%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CNOB. StockNews.com upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, November 18th. Keefe, Bruyette & Woods upped their price objective on shares of ConnectOne Bancorp from $28.00 to $31.00 and gave the company a “market perform” rating in a research note 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.