8,938 Shares in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,938 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jacobs Levy Equity Management Inc. lifted its position in shares of ConnectOne Bancorp by 5.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 30,343 shares of the financial services provider’s stock valued at $760,000 after buying an additional 1,605 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in ConnectOne Bancorp by 5.6% during the fourth quarter. Victory Capital Management Inc. now owns 52,000 shares of the financial services provider’s stock valued at $1,191,000 after purchasing an additional 2,780 shares in the last quarter. Stifel Financial Corp boosted its position in shares of ConnectOne Bancorp by 4.0% in the third quarter. Stifel Financial Corp now owns 91,650 shares of the financial services provider’s stock worth $2,296,000 after purchasing an additional 3,565 shares during the period. Denali Advisors LLC increased its stake in shares of ConnectOne Bancorp by 11.2% in the fourth quarter. Denali Advisors LLC now owns 36,800 shares of the financial services provider’s stock worth $843,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Banc Funds Co. LLC raised its position in shares of ConnectOne Bancorp by 1.0% during the 3rd quarter. Banc Funds Co. LLC now owns 489,086 shares of the financial services provider’s stock valued at $12,252,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 67.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded ConnectOne Bancorp from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $31.00 to $32.00 in a research note on Wednesday.

ConnectOne Bancorp Trading Down 1.3 %

CNOB stock opened at $24.20 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.01. ConnectOne Bancorp, Inc. has a 1-year low of $17.07 and a 1-year high of $29.31. The business has a 50 day simple moving average of $24.74 and a two-hundred day simple moving average of $25.02. The company has a market capitalization of $928.65 million, a price-to-earnings ratio of 13.67 and a beta of 1.30.

ConnectOne Bancorp (NASDAQ:CNOB) last issued its earnings results on Thursday, January 30th. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. ConnectOne Bancorp had a net margin of 13.80% and a return on equity of 6.77%. Research analysts anticipate that ConnectOne Bancorp, Inc. will post 2.23 EPS for the current fiscal year.

ConnectOne Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.18 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.72 annualized dividend and a dividend yield of 2.98%. ConnectOne Bancorp’s dividend payout ratio (DPR) is 40.68%.

ConnectOne Bancorp Profile

ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking.