Jacobs Levy Equity Management Inc. Increases Position in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Jacobs Levy Equity Management Inc. boosted its holdings in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 5.6% during the third quarter, HoldingsChannel.com reports. The firm owned 30,343 shares of the financial services provider’s stock after purchasing an additional 1,605 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in ConnectOne Bancorp were worth $760,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Copeland Capital Management LLC acquired a new position in shares of ConnectOne Bancorp during the 3rd quarter worth approximately $53,000. Palouse Capital Management Inc. increased its stake in ConnectOne Bancorp by 25.1% during the 3rd quarter. Palouse Capital Management Inc. now owns 8,022 shares of the financial services provider’s stock worth $201,000 after buying an additional 1,607 shares in the last quarter. Bryn Mawr Capital Management LLC acquired a new position in shares of ConnectOne Bancorp during the second quarter valued at approximately $171,000. SG Americas Securities LLC purchased a new position in shares of ConnectOne Bancorp in the third quarter valued at approximately $246,000. Finally, Evergreen Capital Management LLC acquired a new stake in ConnectOne Bancorp during the 2nd quarter worth $196,000. 67.70% of the stock is owned by institutional investors and hedge funds.

ConnectOne Bancorp Stock Down 2.1 %

CNOB stock opened at $26.49 on Tuesday. ConnectOne Bancorp, Inc. has a one year low of $17.07 and a one year high of $29.31. The firm’s 50 day moving average price is $26.23 and its 200-day moving average price is $23.23. The firm has a market cap of $1.02 billion, a PE ratio of 15.22 and a beta of 1.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01.

ConnectOne Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.72 annualized dividend and a yield of 2.72%. ConnectOne Bancorp’s dividend payout ratio (DPR) is currently 41.38%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Monday, November 18th. Keefe, Bruyette & Woods upped their target price on ConnectOne Bancorp from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

ConnectOne Bancorp 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.