Castine Capital Management adds ConnectOne Bancorp Inc (CNOB) to its portfolio

ConnectOne Bancorp Inc (CNOB) : Castine Capital Management added new position in ConnectOne Bancorp Inc during the most recent quarter end. The investment management firm now holds 225,000 shares of ConnectOne Bancorp Inc which is valued at $3,872,250 , the company said in a statement filed on Aug 15, 2016 with the SEC.ConnectOne Bancorp Inc makes up approximately 1.74% of Castine Capital Management’s portfolio.

Other Hedge Funds, Including , Eidelman Virant Capital reduced its stake in CNOB by selling 2,400 shares or 5.14% in the most recent quarter. The Hedge Fund company now holds 44,250 shares of CNOB which is valued at $761,543. ConnectOne Bancorp Inc makes up approx 0.42% of Eidelman Virant Capital’s portfolio.Consector Capital Lp reduced its stake in CNOB by selling 25,583 shares or 13.12% in the most recent quarter. The Hedge Fund company now holds 169,417 shares of CNOB which is valued at $2,915,667. ConnectOne Bancorp Inc makes up approx 6.26% of Consector Capital Lp’s portfolio. Alpine Woods Capital Investors sold out all of its stake in CNOB during the most recent quarter. The investment firm sold 12,500 shares of CNOB which is valued $215,125.Blackrock Group Ltd boosted its stake in CNOB in the latest quarter, The investment management firm added 2,668 additional shares and now holds a total of 10,495 shares of ConnectOne Bancorp Inc which is valued at $180,619.Teacher Retirement System Of Texas boosted its stake in CNOB in the latest quarter, The investment management firm added 485 additional shares and now holds a total of 3,991 shares of ConnectOne Bancorp Inc which is valued at $68,605.

ConnectOne Bancorp Inc opened for trading at $18.7 and hit $18.7 on the upside on Wednesday, eventually ending the session at $18.59, with a gain of 0.92% or 0.17 points. The heightened volatility saw the trading volume jump to 55,261 shares. Company has a market cap of $561 M.

Many Wall Street Analysts have commented on ConnectOne Bancorp Inc. FBR Capital Initiated ConnectOne Bancorp Inc on Jun 2, 2016 to “Outperform”, Price Target of the shares are set at $21.

ConnectOne Bancorp Inc is the bank holding company of ConnectOne Bank (the Bank) a New Jersey-chartered commercial bank. The Bank offers range of deposit and loan products and services and other banking services. The Bank’s products and services include personal and business checking accounts retirement accounts money market accounts time and savings accounts credit cards wire transfers access to automated teller services Internet banking Treasury Direct ACH origination lockbox services and mobile banking by phone. The Company’s banking offices are located in Bergen Union Morris Essex Hudson Mercer and Monmouth Counties in New Jersey. The Bank’s market area includes Bergen Union Morris Essex Hudson Mercer and Monmouth counties New Jersey.

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