ConnectOne Bancorp, Inc. (CNOB) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its stake in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 7.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,358,490 shares of the financial services provider’s stock after purchasing an additional 94,746 shares during the period. Goldman Sachs Group Inc. owned approximately 4.26% of ConnectOne Bancorp worth $30,634,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CNOB. Legal & General Group Plc lifted its holdings in ConnectOne Bancorp by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 7,868 shares of the financial services provider’s stock worth $177,000 after buying an additional 300 shares in the last quarter. Karp Capital Management Corp acquired a new stake in ConnectOne Bancorp during the 1st quarter worth approximately $218,000. Trexquant Investment LP acquired a new stake in ConnectOne Bancorp during the 2nd quarter worth approximately $227,000. GSA Capital Partners LLP acquired a new stake in ConnectOne Bancorp during the 2nd quarter worth approximately $244,000. Finally, Aperio Group LLC lifted its holdings in ConnectOne Bancorp by 28.2% during the 2nd quarter. Aperio Group LLC now owns 11,542 shares of the financial services provider’s stock worth $260,000 after buying an additional 2,541 shares in the last quarter. 68.35% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.

Shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) opened at 25.40 on Wednesday. ConnectOne Bancorp, Inc. has a 12-month low of $17.75 and a 12-month high of $26.65. The firm has a market capitalization of $810.59 million, a price-to-earnings ratio of 27.61 and a beta of 0.97. The firm’s 50-day moving average is $23.19 and its 200-day moving average is $22.90.

ConnectOne Bancorp (NASDAQ:CNOB) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. ConnectOne Bancorp had a net margin of 16.42% and a return on equity of 9.37%. The company had revenue of $36.52 million during the quarter, compared to the consensus estimate of $36.08 million. Equities research analysts forecast that ConnectOne Bancorp, Inc. will post $1.42 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, October 16th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.30 annualized dividend and a yield of 1.18%. ConnectOne Bancorp’s dividend payout ratio is currently 32.26%.

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About ConnectOne Bancorp

ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (th

Several other large investors also recently bought and sold shares of CNOB. Legal & General Group Plc lifted its holdings in ConnectOne Bancorp by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 7,868 shares of the financial services provider’s stock worth $177,000 after buying an additional 300 shares in the last quarter. Karp Capital Management Corp acquired a new stake in ConnectOne Bancorp during the 1st quarter worth approximately $218,000. Trexquant Investment LP acquired a new stake in ConnectOne Bancorp during the 2nd quarter worth approximately $227,000. GSA Capital Partners LLP acquired a new stake in ConnectOne Bancorp during the 2nd quarter worth approximately $244,000. Finally, Aperio Group LLC lifted its holdings in ConnectOne Bancorp by 28.2% during the 2nd quarter. Aperio Group LLC now owns 11,542 shares of the financial services provider’s stock worth $260,000 after buying an additional 2,541 shares in the last quarter. 68.35% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.

Shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) opened at 25.40 on Wednesday. ConnectOne Bancorp, Inc. has a 12-month low of $17.75 and a 12-month high of $26.65. The firm has a market capitalization of $810.59 million, a price-to-earnings ratio of 27.61 and a beta of 0.97. The firm’s 50-day moving average is $23.19 and its 200-day moving average is $22.90.

ConnectOne Bancorp (NASDAQ:CNOB) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. ConnectOne Bancorp had a net margin of 16.42% and a return on equity of 9.37%. The company had revenue of $36.52 million during the quarter, compared to the consensus estimate of $36.08 million. Equities research analysts forecast that ConnectOne Bancorp, Inc. will post $1.42 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, October 16th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.30 annualized dividend and a yield of 1.18%. ConnectOne Bancorp’s dividend payout ratio is currently 32.26%.

TRADEMARK VIOLATION NOTICE: This article was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/11/connectone-bancorp-inc-cnob-shares-bought-by-goldman-sachs-group-inc.html.

About ConnectOne Bancorp

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.

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

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