William S. Burns Sells 941 Shares of ConnectOne Bancorp Inc (CNOB) Stock

ConnectOne Bancorp Inc (NASDAQ:CNOB) CFO William S. Burns sold 941 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $28.60, for a total transaction of $26,912.60. Following the transaction, the chief financial officer now directly owns 53,204 shares in the company, valued at $1,521,634.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

ConnectOne Bancorp Inc (NASDAQ:CNOB) opened at $28.15 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. The stock has a market cap of $928.48, a PE ratio of 16.45 and a beta of 1.05. ConnectOne Bancorp Inc has a 52-week low of $21.04 and a 52-week high of $29.75.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Monday, January 15th were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.07%. ConnectOne Bancorp’s dividend payout ratio (DPR) is presently 22.22%.

Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of ConnectOne Bancorp by 5.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 225,326 shares of the financial services provider’s stock valued at $5,802,000 after purchasing an additional 11,327 shares in the last quarter. Wells Fargo & Company MN lifted its stake in ConnectOne Bancorp by 20.9% during the fourth quarter. Wells Fargo & Company MN now owns 57,249 shares of the financial services provider’s stock valued at $1,474,000 after buying an additional 9,913 shares in the last quarter. Private Advisor Group LLC purchased a new stake in ConnectOne Bancorp during the fourth quarter valued at about $258,000. Teacher Retirement System of Texas purchased a new stake in ConnectOne Bancorp during the fourth quarter valued at about $270,000. Finally, Maltese Capital Management LLC lifted its stake in ConnectOne Bancorp by 20.8% during the fourth quarter. Maltese Capital Management LLC now owns 135,152 shares of the financial services provider’s stock valued at $3,480,000 after buying an additional 23,252 shares in the last quarter. Institutional investors own 68.35% of the company’s stock.

CNOB has been the topic of several research reports. BidaskClub downgraded shares of ConnectOne Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $30.50 target price on shares of ConnectOne Bancorp in a report on Wednesday, November 1st. Zacks Investment Research raised shares of ConnectOne Bancorp from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $32.00 price objective on shares of ConnectOne Bancorp in a report on Thursday, October 26th.

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ConnectOne Bancorp Company Profile

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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