ConnectOne Bancorp, Inc. (CNOB) Given Buy Rating at Piper Jaffray Companies

Piper Jaffray Companies restated their buy rating on shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) in a research note issued to investors on Wednesday. They currently have a $30.50 price target on the financial services provider’s stock.

Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods restated a buy rating and issued a $32.00 price target on shares of ConnectOne Bancorp in a research report on Thursday, October 26th. Zacks Investment Research upgraded ConnectOne Bancorp from a sell rating to a hold rating and set a $30.00 price target for the company in a research report on Monday. Finally, BidaskClub upgraded ConnectOne Bancorp from a sell rating to a hold rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. ConnectOne Bancorp currently has a consensus rating of Buy and a consensus target price of $29.50.

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The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th were given a dividend of $0.075 per share. The ex-dividend date was Friday, October 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.12%. ConnectOne Bancorp’s dividend payout ratio (DPR) is 31.58%.

Several large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of ConnectOne Bancorp by 7.5% during 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 purchasing an additional 94,746 shares during the last quarter. Dimensional Fund Advisors LP lifted its position 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 worth $30,580,000 after purchasing an additional 152,549 shares during the last quarter. Vanguard Group Inc. lifted its position 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 purchasing an additional 69,802 shares during the last quarter. Banc Funds Co. LLC lifted its position 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 worth $17,683,000 after purchasing an additional 50,000 shares during the last quarter. Finally, State Street Corp lifted its position 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 worth $12,868,000 after purchasing an additional 46,590 shares during the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

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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