ConnectOne Bancorp Inc (CNOB) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in ConnectOne Bancorp Inc (NASDAQ:CNOB) by 13.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,000 shares of the financial services provider’s stock after selling 3,900 shares during the quarter. California Public Employees Retirement System owned 0.08% of ConnectOne Bancorp worth $564,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of ConnectOne Bancorp by 5.6% during the second quarter. Vanguard Group Inc. now owns 1,310,949 shares of the financial services provider’s stock worth $29,561,000 after buying an additional 69,802 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of ConnectOne Bancorp by 12.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,203,535 shares of the financial services provider’s stock worth $29,185,000 after purchasing an additional 137,501 shares during the last quarter. Northern Trust Corp raised its holdings in shares of ConnectOne Bancorp by 7.5% during the second quarter. Northern Trust Corp now owns 375,150 shares of the financial services provider’s stock worth $8,459,000 after purchasing an additional 26,073 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in ConnectOne Bancorp by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 312,346 shares of the financial services provider’s stock valued at $7,043,000 after buying an additional 6,235 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its holdings in ConnectOne Bancorp by 2.1% in the second quarter. Hennessy Advisors Inc. now owns 245,000 shares of the financial services provider’s stock valued at $5,525,000 after buying an additional 5,000 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of ConnectOne Bancorp Inc (NASDAQ CNOB) traded down $0.10 on Wednesday, reaching $27.05. 69,329 shares of the company traded hands, compared to its average volume of 133,994. ConnectOne Bancorp Inc has a 1 year low of $21.04 and a 1 year high of $28.20. The stock has a market cap of $886.82, a P/E ratio of 16.79 and a beta of 0.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.98.

A number of research analysts have weighed in on CNOB shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $30.50 price objective on shares of ConnectOne Bancorp in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating and set a $30.00 price target on the stock in a research report on Monday, October 30th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $32.00 price target on shares of ConnectOne Bancorp in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. ConnectOne Bancorp presently has an average rating of “Buy” and an average target price of $30.38.

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ConnectOne Bancorp Company Profile

ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Bank offers a range of deposit and loan products. In addition, to attract the business of consumer and business customers, it also provides an array of other banking services.

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

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