Rosenthal Henry Capital Advisors Inc. Boosts Holdings in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Rosenthal Henry Capital Advisors Inc. boosted its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,812 shares of the financial services provider’s stock after buying an additional 1,800 shares during the quarter. ConnectOne Bancorp accounts for approximately 2.2% of Rosenthal Henry Capital Advisors Inc.’s investment portfolio, making the stock its 18th largest position. Rosenthal Henry Capital Advisors Inc.’s holdings in ConnectOne Bancorp were worth $2,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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 worth $41,802,000 after buying an additional 53,563 shares during the period. Kennedy Capital Management LLC boosted its stake in shares of ConnectOne Bancorp by 698.1% during the first quarter. Kennedy Capital Management LLC now owns 676,791 shares of the financial services provider’s stock valued at $13,197,000 after purchasing an additional 591,995 shares during the period. American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 85,437 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of 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 purchasing an additional 5,186 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of 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 purchasing an additional 14,124 shares during the period. 67.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CNOB shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $26.00 target price (up from $22.00) on shares of ConnectOne Bancorp in a research note on Friday, July 26th. Piper Sandler boosted their target price on shares of ConnectOne Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, StockNews.com lowered shares of ConnectOne Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.33.

ConnectOne Bancorp Stock Up 0.5 %

NASDAQ:CNOB traded up $0.11 during mid-day trading on Friday, reaching $24.35. The company’s stock had a trading volume of 126,751 shares, compared to its average volume of 183,290. ConnectOne Bancorp, Inc. has a 1 year low of $16.59 and a 1 year high of $27.13. The stock has a fifty day moving average of $24.92 and a 200-day moving average of $21.77. The firm has a market capitalization of $934.31 million, a PE ratio of 13.99 and a beta of 1.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.

ConnectOne Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Friday, November 15th. ConnectOne Bancorp’s dividend payout ratio (DPR) is presently 41.38%.

About ConnectOne Bancorp

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.