MUFG Securities EMEA plc Takes $1.07 Million Position in ConnectOne Bancorp Inc (CNOB)

MUFG Securities EMEA plc bought a new stake in shares of ConnectOne Bancorp Inc (NASDAQ:CNOB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 57,700 shares of the financial services provider’s stock, valued at approximately $1,066,000. MUFG Securities EMEA plc owned about 0.18% of ConnectOne Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new position in shares of ConnectOne Bancorp during the fourth quarter valued at approximately $28,000. Palouse Capital Management Inc. lifted its holdings in shares of ConnectOne Bancorp by 15.3% during the fourth quarter. Palouse Capital Management Inc. now owns 15,863 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 2,102 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of ConnectOne Bancorp by 3.5% during the third quarter. Citadel Advisors LLC now owns 70,689 shares of the financial services provider’s stock valued at $1,679,000 after purchasing an additional 2,385 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of ConnectOne Bancorp by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 164,598 shares of the financial services provider’s stock valued at $3,909,000 after purchasing an additional 2,770 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of ConnectOne Bancorp by 67.3% during the fourth quarter. Citigroup Inc. now owns 13,956 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 5,616 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Several equities analysts have recently issued reports on CNOB shares. Zacks Investment Research upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. BidaskClub upgraded shares of ConnectOne Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. ValuEngine upgraded shares of ConnectOne Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, TheStreet lowered shares of ConnectOne Bancorp from a “b-” rating to a “c+” rating in a report on Wednesday, December 19th. Three analysts have rated the stock with a sell rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.00.

Shares of CNOB opened at $21.28 on Friday. The company has a market cap of $753.84 million, a P/E ratio of 9.54 and a beta of 0.88. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. ConnectOne Bancorp Inc has a twelve month low of $17.07 and a twelve month high of $31.30.

ConnectOne Bancorp (NASDAQ:CNOB) last announced its quarterly earnings results on Thursday, January 24th. The financial services provider reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The company had revenue of $41.68 million during the quarter, compared to the consensus estimate of $43.01 million. ConnectOne Bancorp had a net margin of 27.20% and a return on equity of 12.31%. On average, sell-side analysts anticipate that ConnectOne Bancorp Inc will post 2.22 EPS for the current fiscal year.

In related news, Director William Thompson sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $20.11, for a total transaction of $54,297.00. Following the completion of the sale, the director now owns 74,787 shares of the company’s stock, valued at $1,503,966.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.67% of the stock is owned by company insiders.

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About ConnectOne Bancorp

ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank, a state chartered bank that provides various commercial banking products and services. It offers a range of deposit products, including personal and business checking accounts, retirement accounts, money market accounts, time and savings accounts, and NOW accounts.

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Institutional Ownership by Quarter for ConnectOne Bancorp (NASDAQ:CNOB)

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