Tudor Investment Corp ET AL Makes New Investment in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Tudor Investment Corp ET AL bought a new stake in ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,091 shares of the financial services provider's stock, valued at approximately $437,000.

Several other institutional investors also recently modified their holdings of CNOB. Earnest Partners LLC grew its holdings in shares of ConnectOne Bancorp by 42.4% in the 4th quarter. Earnest Partners LLC now owns 282,221 shares of the financial services provider's stock worth $6,466,000 after purchasing an additional 84,028 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of ConnectOne Bancorp in the 4th quarter valued at about $62,000. Boothbay Fund Management LLC grew its holdings in ConnectOne Bancorp by 14.6% during the 4th quarter. Boothbay Fund Management LLC now owns 288,363 shares of the financial services provider's stock worth $6,606,000 after acquiring an additional 36,690 shares during the period. Voya Investment Management LLC boosted its holdings in ConnectOne Bancorp by 19.1% during the fourth quarter. Voya Investment Management LLC now owns 233,693 shares of the financial services provider's stock worth $5,354,000 after buying an additional 37,406 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in ConnectOne Bancorp by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,924 shares of the financial services provider's stock valued at $915,000 after purchasing an additional 2,218 shares during the period. Institutional investors and hedge funds own 67.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Hovde Group increased their price objective on ConnectOne Bancorp from $29.00 to $29.50 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods cut 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 Price Performance

NASDAQ CNOB traded down $0.25 on Friday, hitting $23.91. 164,028 shares of the company's stock were exchanged, compared to its average volume of 200,770. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. ConnectOne Bancorp, Inc. has a 52 week low of $17.07 and a 52 week high of $29.31. The stock has a market cap of $919.82 million, a price-to-earnings ratio of 13.51 and a beta of 1.12. The stock has a 50-day moving average of $22.90 and a 200-day moving average of $24.43.

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

ConnectOne Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.01%. The ex-dividend date is Thursday, May 15th. ConnectOne Bancorp's dividend payout ratio is currently 38.92%.

About ConnectOne Bancorp

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.