ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Shares Acquired by Gator Capital Management LLC

Gator Capital Management LLC raised its stake in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) by 46.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 151,523 shares of the financial services provider's stock after purchasing an additional 47,856 shares during the period. ConnectOne Bancorp accounts for approximately 1.3% of Gator Capital Management LLC's holdings, making the stock its 28th biggest position. Gator Capital Management LLC owned 0.39% of ConnectOne Bancorp worth $3,471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new stake in ConnectOne Bancorp in the fourth quarter worth about $149,000. Quantbot Technologies LP purchased a new position in ConnectOne Bancorp in the fourth quarter valued at about $205,000. Serenus Wealth Advisors LLC purchased a new position in ConnectOne Bancorp in the fourth quarter valued at about $209,000. Zacks Investment Management bought a new position in ConnectOne Bancorp in the third quarter worth about $232,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of ConnectOne Bancorp during the third quarter valued at about $305,000. 67.70% of the stock is owned by hedge funds and other institutional investors.

ConnectOne Bancorp Stock Performance

Shares of NASDAQ CNOB traded down $0.21 during mid-day trading on Friday, hitting $20.96. The stock had a trading volume of 81,084 shares, compared to its average volume of 193,997. The firm has a market cap of $804.32 million, a PE ratio of 11.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average of $24.43 and a two-hundred day moving average of $24.83. ConnectOne Bancorp, Inc. has a twelve month low of $17.07 and a twelve month high of $29.31.

ConnectOne Bancorp (NASDAQ:CNOB - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate 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 predict 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 dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Tuesday, February 18th. ConnectOne Bancorp's dividend payout ratio (DPR) is 40.68%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised shares of ConnectOne Bancorp from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $31.00 to $32.00 in a research report on Wednesday, March 26th.

ConnectOne Bancorp Company 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.