ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Stock Position Decreased by LSV Asset Management

LSV Asset Management cut its holdings in ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) by 69.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,100 shares of the financial services provider's stock after selling 67,200 shares during the quarter. LSV Asset Management owned about 0.08% of ConnectOne Bancorp worth $690,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of ConnectOne Bancorp by 52.0% in the 3rd quarter. Barclays PLC now owns 114,708 shares of the financial services provider's stock worth $2,874,000 after purchasing an additional 39,249 shares in the last quarter. Salzhauer Michael grew its position in ConnectOne Bancorp by 15.4% in the fourth quarter. Salzhauer Michael now owns 76,496 shares of the financial services provider's stock worth $1,753,000 after buying an additional 10,236 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of ConnectOne Bancorp in the fourth quarter valued at $414,000. Stifel Financial Corp lifted its position in shares of ConnectOne Bancorp by 4.0% during the 3rd quarter. Stifel Financial Corp now owns 91,650 shares of the financial services provider's stock valued at $2,296,000 after acquiring an additional 3,565 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of ConnectOne Bancorp by 5.6% during the 4th quarter. Victory Capital Management Inc. now owns 52,000 shares of the financial services provider's stock worth $1,191,000 after acquiring an additional 2,780 shares in the last quarter. 67.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

ConnectOne Bancorp Trading Up 0.7 %

Shares of ConnectOne Bancorp stock traded up $0.16 during trading on Friday, hitting $21.56. The stock had a trading volume of 175,258 shares, compared to its average volume of 195,356. The stock has a 50 day simple moving average of $23.77 and a 200 day simple moving average of $24.70. ConnectOne Bancorp, Inc. has a 1 year low of $17.07 and a 1 year high of $29.31. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $829.41 million, a PE ratio of 12.18 and a beta of 1.09.

ConnectOne Bancorp (NASDAQ:CNOB - Get Free Report) last released its earnings results on Thursday, January 30th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.10. ConnectOne Bancorp had a return on equity of 6.77% and a net margin of 13.80%. On average, research analysts expect that ConnectOne Bancorp, Inc. will post 2.23 EPS for the current fiscal year.

ConnectOne Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.72 dividend on an annualized basis and a yield of 3.34%. ConnectOne Bancorp's payout ratio is presently 40.68%.

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.