ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC grew its stake in ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 233,693 shares of the financial services provider's stock after buying an additional 37,406 shares during the period. Voya Investment Management LLC owned 0.61% of ConnectOne Bancorp worth $5,354,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CNOB. Sterling Capital Management LLC grew its holdings in shares of ConnectOne Bancorp by 792.3% during the 4th 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 purchased a new position in shares of ConnectOne Bancorp during the 4th quarter worth approximately $149,000. Quantbot Technologies LP acquired a new position in ConnectOne Bancorp during the fourth quarter worth $205,000. Serenus Wealth Advisors LLC acquired a new stake in shares of ConnectOne Bancorp in the fourth quarter valued at $209,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in ConnectOne Bancorp during the 3rd quarter worth about $305,000. 67.70% of the stock is owned by institutional investors and hedge funds.

ConnectOne Bancorp Stock Up 0.3 %

ConnectOne Bancorp stock traded up $0.08 during midday trading on Tuesday, reaching $23.65. The company's stock had a trading volume of 52,149 shares, compared to its average volume of 198,757. 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 $909.66 million, a P/E ratio of 13.34 and a beta of 1.09. 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 business has a 50-day simple moving average of $23.01 and a 200-day simple moving average of $24.47.

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

ConnectOne Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, May 15th. ConnectOne Bancorp's dividend payout ratio is currently 38.92%.

Analyst Ratings Changes

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

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.