Connor Clark & Lunn Investment Management Ltd. Takes $743,000 Position in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 29,643 shares of the financial services provider's stock, valued at approximately $743,000. Connor Clark & Lunn Investment Management Ltd. owned 0.08% of ConnectOne Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Stieven Capital Advisors L.P. bought a new position in ConnectOne Bancorp in the third quarter worth $6,488,000. Thrivent Financial for Lutherans purchased a new position in shares of ConnectOne Bancorp during the second quarter valued at approximately $1,648,000. American Century Companies Inc. boosted its position in shares of ConnectOne Bancorp by 15.6% in the 2nd quarter. American Century Companies Inc. now owns 633,599 shares of the financial services provider's stock worth $11,969,000 after purchasing an additional 85,437 shares in the last quarter. Vanguard Group Inc. increased its position in ConnectOne Bancorp by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 2,143,706 shares of the financial services provider's stock valued at $41,802,000 after buying an additional 53,563 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in ConnectOne Bancorp by 196.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 60,903 shares of the financial services provider's stock valued at $1,086,000 after buying an additional 40,334 shares during the last quarter. Institutional investors own 67.70% of the company's stock.

ConnectOne Bancorp Stock Down 0.9 %

Shares of CNOB traded down $0.25 on Friday, hitting $27.50. 135,494 shares of the stock traded hands, compared to its average volume of 186,413. The business has a 50 day simple moving average of $25.89 and a 200 day simple moving average of $22.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01. ConnectOne Bancorp, Inc. has a one year low of $17.07 and a one year high of $29.31. The company has a market capitalization of $1.06 billion, a PE ratio of 15.95 and a beta of 1.25.

ConnectOne Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, November 15th. ConnectOne Bancorp's payout ratio is currently 41.38%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded ConnectOne Bancorp from a "sell" rating to a "hold" rating in a report on Monday, November 18th.

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.