ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Stock Holdings Increased by Boothbay Fund Management LLC

Boothbay Fund Management LLC increased its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 288,363 shares of the financial services provider's stock after acquiring an additional 36,690 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.75% of ConnectOne Bancorp worth $6,606,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in ConnectOne Bancorp by 792.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,160 shares of the financial services provider's stock worth $27,000 after purchasing an additional 1,030 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in ConnectOne Bancorp during the fourth quarter worth about $149,000. Quantbot Technologies LP purchased a new position in shares of ConnectOne Bancorp in the 4th quarter worth about $205,000. Serenus Wealth Advisors LLC acquired a new position in shares of ConnectOne Bancorp in the 4th quarter valued at about $209,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of ConnectOne Bancorp during the 3rd quarter worth about $305,000. Institutional investors and hedge funds own 67.70% of the company's stock.

ConnectOne Bancorp Stock Up 3.3 %

CNOB traded up $0.76 during trading hours on Friday, reaching $23.51. 110,699 shares of the stock traded hands, compared to its average volume of 198,216. ConnectOne Bancorp, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $29.31. The company has a market cap of $904.43 million, a price-to-earnings ratio of 13.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.01. The firm's fifty day simple moving average is $23.07 and its two-hundred day simple moving average is $24.54.

ConnectOne Bancorp (NASDAQ:CNOB - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. The business had revenue of $70.21 million for the quarter, compared to analyst estimates of $67.90 million. ConnectOne Bancorp had a return on equity of 6.77% and a net margin of 13.80%. As a group, analysts forecast that ConnectOne Bancorp, Inc. will post 2.23 earnings per share for the current fiscal year.

ConnectOne Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, May 15th. ConnectOne Bancorp's payout ratio is currently 38.92%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Hovde Group raised their price target on shares of ConnectOne Bancorp from $29.00 to $29.50 and gave the company an "outperform" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price target on ConnectOne Bancorp from $32.00 to $31.00 and set an "outperform" rating for the company in a report on Friday, April 25th.

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.