Dynamic Technology Lab Private Ltd Has $276,000 Stake in ConnectOne Bancorp Inc (NASDAQ:CNOB)

Dynamic Technology Lab Private Ltd lessened its stake in shares of ConnectOne Bancorp Inc (NASDAQ:CNOB) by 65.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 11,220 shares of the financial services provider’s stock after selling 21,089 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in ConnectOne Bancorp were worth $276,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CNOB. Goldman Sachs Group Inc. lifted its position in shares of ConnectOne Bancorp by 7.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,358,490 shares of the financial services provider’s stock worth $30,634,000 after buying an additional 94,746 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ConnectOne Bancorp by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,356,084 shares of the financial services provider’s stock valued at $30,580,000 after buying an additional 152,549 shares during the last quarter. Vanguard Group Inc. grew 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 valued at $29,561,000 after buying an additional 69,802 shares during the last quarter. Banc Funds Co. LLC grew its stake in shares of ConnectOne Bancorp by 6.8% during the second quarter. Banc Funds Co. LLC now owns 784,153 shares of the financial services provider’s stock valued at $17,683,000 after buying an additional 50,000 shares during the last quarter. Finally, State Street Corp grew its stake in shares of ConnectOne Bancorp by 8.9% during the second quarter. State Street Corp now owns 570,520 shares of the financial services provider’s stock valued at $12,868,000 after buying an additional 46,590 shares during the last quarter. 68.57% of the stock is owned by institutional investors and hedge funds.

ConnectOne Bancorp Inc (NASDAQ CNOB) opened at $26.60 on Thursday. The stock has a market capitalization of $856.41, a price-to-earnings ratio of 16.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.95. ConnectOne Bancorp Inc has a 52 week low of $21.04 and a 52 week high of $28.20.

Several research analysts recently issued reports on the company. Piper Jaffray Companies reissued a “buy” rating and issued a $30.50 price objective on shares of ConnectOne Bancorp in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $32.00 price objective on shares of ConnectOne Bancorp in a research note on Thursday, October 26th. Zacks Investment Research raised ConnectOne Bancorp from a “sell” rating to a “hold” rating and set a $30.00 target price on the stock in a research report on Monday, October 30th. Finally, BidaskClub cut ConnectOne Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.38.

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ConnectOne Bancorp 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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