Capital Investment Advisors LLC Sells 850 Shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Capital Investment Advisors LLC reduced its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 4.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,557 shares of the financial services provider’s stock after selling 850 shares during the quarter. Capital Investment Advisors LLC’s holdings in ConnectOne Bancorp were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Copeland Capital Management LLC bought a new stake in shares of ConnectOne Bancorp during the 3rd quarter worth $53,000. Evergreen Capital Management LLC bought a new stake in shares of ConnectOne Bancorp during the 2nd quarter worth $196,000. Palouse Capital Management Inc. boosted its holdings in shares of 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 during the period. Zacks Investment Management bought a new stake in shares of ConnectOne Bancorp during the 3rd quarter worth $232,000. Finally, SG Americas Securities LLC bought a new stake in shares of ConnectOne Bancorp during the 3rd quarter worth $246,000. 67.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on CNOB shares. StockNews.com raised shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Monday, November 18th. Keefe, Bruyette & Woods upped their price objective on shares of ConnectOne Bancorp from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

ConnectOne Bancorp Price Performance

Shares of ConnectOne Bancorp stock opened at $23.12 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.01. ConnectOne Bancorp, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $29.31. The firm has a fifty day moving average price of $25.34 and a two-hundred day moving average price of $24.21. The company has a market cap of $887.11 million, a PE ratio of 13.29 and a beta of 1.30.

ConnectOne Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Friday, November 15th. ConnectOne Bancorp’s dividend payout ratio is 41.38%.

ConnectOne Bancorp Company 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.