Connor Clark & Lunn Investment Management Ltd. Purchases 18,953 Shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Connor Clark & Lunn Investment Management Ltd. lifted its position in ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) by 63.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,596 shares of the financial services provider's stock after buying an additional 18,953 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of ConnectOne Bancorp worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Serenus Wealth Advisors LLC purchased a new position in shares of ConnectOne Bancorp in the fourth quarter worth approximately $209,000. Zacks Investment Management bought a new position in ConnectOne Bancorp in the third quarter worth approximately $232,000. Wilmington Savings Fund Society FSB purchased a new position in shares of ConnectOne Bancorp during the 3rd quarter worth $305,000. SG Americas Securities LLC grew its position in shares of ConnectOne Bancorp by 52.5% during the 4th quarter. SG Americas Securities LLC now owns 14,992 shares of the financial services provider's stock valued at $343,000 after acquiring an additional 5,158 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of ConnectOne Bancorp in the 3rd quarter worth $363,000. Institutional investors own 67.70% of the company's stock.

ConnectOne Bancorp Price Performance

Shares of NASDAQ CNOB traded up $0.55 during mid-day trading on Monday, reaching $24.10. The company's stock had a trading volume of 121,254 shares, compared to its average volume of 183,215. The stock has a fifty day moving average of $24.58 and a two-hundred day moving average of $25.04. The firm has a market capitalization of $924.81 million, a PE ratio of 13.62 and a beta of 1.30. ConnectOne Bancorp, Inc. has a 52 week low of $17.07 and a 52 week high of $29.31. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.01.

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ConnectOne Bancorp (NASDAQ:CNOB - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.52 earnings per share (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%. As a group, sell-side analysts anticipate that ConnectOne Bancorp, Inc. will post 2.23 EPS for the current fiscal year.

ConnectOne Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 2.99%. The ex-dividend date was Tuesday, February 18th. ConnectOne Bancorp's dividend payout ratio (DPR) is presently 40.68%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price objective on ConnectOne Bancorp from $28.00 to $31.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th.

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.