Trainer Retirement System of Texas acquired a brand new place in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB – Get Rating) within the third quarter, in response to its most up-to-date Kind 13F submitting with the Securities & Trade Fee. The fund acquired 29,721 shares of the monetary companies supplier’s inventory, valued at roughly $685,000. Trainer Retirement System of Texas owned roughly 0.08% of ConnectOne Bancorp as of its most up-to-date submitting with the Securities & Trade Fee.
Plenty of different institutional buyers and hedge funds have additionally made adjustments to their positions within the inventory. Point72 Hong Kong Ltd bought a brand new stake in ConnectOne Bancorp in the course of the first quarter value roughly $29,000. Group One Buying and selling L.P. bought a brand new stake in ConnectOne Bancorp in the course of the first quarter value roughly $32,000. Copeland Capital Administration LLC bought a brand new stake in ConnectOne Bancorp in the course of the third quarter value roughly $30,000. Darkish Forest Capital Administration LP lifted its stake in ConnectOne Bancorp by 36.9% in the course of the second quarter. Darkish Forest Capital Administration LP now owns 6,073 shares of the monetary companies supplier’s inventory value $148,000 after buying a further 1,637 shares over the last quarter. Lastly, Nice West Life Assurance Co. Can bought a brand new stake in ConnectOne Bancorp in the course of the third quarter value roughly $40,000. 67.46% of the inventory is owned by institutional buyers and hedge funds.
ConnectOne Bancorp Value Efficiency
ConnectOne Bancorp stock opened at $24.83 on Friday. ConnectOne Bancorp, Inc. has a 12 month low of $21.34 and a 12 month excessive of $34.23. The corporate has a debt-to-equity ratio of 0.15, a present ratio of 1.01 and a fast ratio of 1.01. The enterprise has a 50 day easy transferring common of $24.59 and a 200-day easy transferring common of $25.01. The inventory has a market capitalization of $974.40 million, a PE ratio of 8.22 and a beta of 1.16.
ConnectOne Bancorp Dividend Announcement
The agency additionally just lately disclosed a quarterly dividend, which shall be paid on Wednesday, March 1st. Traders of document on Friday, February seventeenth shall be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized foundation and a yield of two.50%. The ex-dividend date is Thursday, February sixteenth. ConnectOne Bancorp’s dividend payout ratio is presently 20.53%.
Wall Road Analysts Forecast Progress
Plenty of equities analysis analysts have weighed in on the corporate. Raymond James reiterated a “market carry out” score on shares of ConnectOne Bancorp in a analysis word on Thursday, December twenty second. StockNews.com minimize ConnectOne Bancorp from a “purchase” score to a “maintain” score in a analysis word on Monday, November twenty first. Lastly, Stephens decreased their value goal on ConnectOne Bancorp from $31.00 to $28.00 and set an “chubby” score for the corporate in a analysis word on Monday, January thirtieth.
Insider Shopping for and Promoting
In different ConnectOne Bancorp information, Director Stephen T. Boswell acquired 8,000 shares of the corporate’s inventory in a transaction that occurred on Monday, November 14th. The shares had been bought at a median value of $24.88 per share, with a complete worth of $199,040.00. Following the completion of the acquisition, the director now straight owns 249,103 shares of the corporate’s inventory, valued at roughly $6,197,682.64. The acquisition was disclosed in a submitting with the Securities & Trade Fee, which is accessible by way of this link. 6.58% of the inventory is at the moment owned by company insiders.
ConnectOne Bancorp Firm Profile
ConnectOne Bancorp, Inc is a holding firm, which engages within the provision of monetary companies. It presents private and industrial enterprise loans on a secured and unsecured foundation, revolving strains of credit score, industrial mortgage loans, and residential mortgages. The corporate was based on November 12, 1982 and is headquartered in Englewood Cliffs, NJ.
Featured Tales
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This on the spot information alert was generated by narrative science know-how and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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