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.
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