Wellington Management Group LLP Sells 602,367 Shares of ConnectOne Bancorp, Inc. $CNOB

Posted by Francis Steltz on Sep 2nd, 2026

Wellington Management Group LLP trimmed its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB – Free Report) by 18.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,690,996 shares of the financial services provider’s stock after selling 602,367 shares during the period. Wellington Management Group LLP owned 0.05% of ConnectOne Bancorp worth $89,987,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC acquired a new position in shares of ConnectOne Bancorp in the 2nd quarter valued at approximately $6,926,000. Bank of America Corp DE bought a new stake in shares of ConnectOne Bancorp during the 2nd quarter worth approximately $29,505,000. Odyssean LLC acquired a new stake in shares of ConnectOne Bancorp during the 2nd quarter worth approximately $499,000. First Bancorp Inc ME acquired a new stake in shares of ConnectOne Bancorp during the 2nd quarter worth approximately $136,000. Finally, Jupiter Topco LLC bought a new position in ConnectOne Bancorp in the second quarter valued at approximately $681,000. 67.70% of the stock is owned by institutional investors.

ConnectOne Bancorp Price Performance

CNOB stock opened at $30.84 on Wednesday. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 10.11 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50 day simple moving average of $32.70 and a 200 day simple moving average of $30.03. ConnectOne Bancorp, Inc. has a 1 year low of $23.20 and a 1 year high of $34.14.

ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $121.57 million for the quarter, compared to analyst estimates of $121.55 million. ConnectOne Bancorp had a net margin of 20.21% and a return on equity of 11.24%. Research analysts anticipate that ConnectOne Bancorp, Inc. will post 3.37 EPS for the current fiscal year.

ConnectOne Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.78 annualized dividend and a dividend yield of 2.5%. ConnectOne Bancorp’s dividend payout ratio (DPR) is 25.57%.

Analysts Set New Price Targets

Several research analysts have commented on CNOB shares. Piper Sandler boosted their price objective on shares of ConnectOne Bancorp from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Raymond James Financial restated a “market perform” rating on shares of ConnectOne Bancorp in a research report on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ConnectOne Bancorp in a research note on Monday, August 17th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Check Out Our Latest Stock Report on ConnectOne Bancorp

ConnectOne Bancorp Profile

(Free Report)

ConnectOne Bancorp is a New Jersey‐based bank holding company whose primary subsidiary, ConnectOne Bank, offers a suite of commercial banking services to small and medium‐sized businesses, professionals and individuals. Established in 2005 and headquartered in Englewood Cliffs, New Jersey, the company seeks to deliver customized lending and deposit solutions through a network of branches across northern New Jersey and the New York metropolitan area.

The company’s lending portfolio centers on commercial real estate financing, construction lending, owner‐occupied real estate loans and working capital lines of credit.