American Century Companies Inc. Has $17.68 Million Position in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

American Century Companies Inc. raised its stake in ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 771,714 shares of the financial services provider's stock after acquiring an additional 49,943 shares during the period. American Century Companies Inc. owned about 2.01% of ConnectOne Bancorp worth $17,680,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised shares of 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 note on Wednesday, March 26th.

ConnectOne Bancorp Trading Down 0.9 %

Shares of ConnectOne Bancorp stock traded down $0.19 during trading on Friday, hitting $21.61. 305,966 shares of the company were exchanged, compared to its average volume of 192,355. The firm has a market capitalization of $829.26 million, a P/E ratio of 12.21 and a beta of 1.29. The firm's fifty day moving average price is $24.75 and its 200 day moving average price is $24.98. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.01. ConnectOne Bancorp, Inc. has a 1-year low of $17.07 and a 1-year high of $29.31.

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

ConnectOne Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.18 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.72 annualized dividend and a dividend yield of 3.33%. ConnectOne Bancorp's dividend 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.