ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Stock Holdings Boosted by AQR Capital Management LLC

AQR Capital Management LLC grew its position in ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) by 23.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,583 shares of the financial services provider's stock after purchasing an additional 26,285 shares during the quarter. AQR Capital Management LLC owned approximately 0.36% of ConnectOne Bancorp worth $2,618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNOB. Kennedy Capital Management LLC increased its stake in ConnectOne Bancorp by 698.1% in the first quarter. Kennedy Capital Management LLC now owns 676,791 shares of the financial services provider's stock valued at $13,197,000 after purchasing an additional 591,995 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in ConnectOne Bancorp during the 2nd quarter worth $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 valued at $11,969,000 after purchasing an additional 85,437 shares during the period. Vanguard Group Inc. increased its holdings in shares of ConnectOne Bancorp by 2.6% in 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 acquiring an additional 53,563 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of 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 worth $1,086,000 after purchasing an additional 40,334 shares during the period. Institutional investors and hedge funds own 67.70% of the company's stock.

ConnectOne Bancorp Trading Down 0.8 %

NASDAQ CNOB traded down $0.20 during trading hours on Tuesday, hitting $24.74. 85,711 shares of the company's stock were exchanged, compared to its average volume of 181,825. The business's 50 day moving average is $23.91 and its 200-day moving average is $20.94. 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 12-month low of $14.51 and a 12-month high of $26.53. The firm has a market capitalization of $948.36 million, a P/E ratio of 13.20 and a beta of 1.25.

ConnectOne Bancorp (NASDAQ:CNOB - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $134.41 million for the quarter, compared to analyst estimates of $64.62 million. ConnectOne Bancorp had a net margin of 14.56% and a return on equity of 7.13%. During the same quarter last year, the business earned $0.51 EPS. As a group, analysts anticipate that ConnectOne Bancorp, Inc. will post 1.76 EPS for the current fiscal year.

ConnectOne Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, August 15th. ConnectOne Bancorp's payout ratio is currently 38.10%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Piper Sandler boosted their target price on shares of ConnectOne Bancorp from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $26.00 target price (up from $22.00) on shares of ConnectOne Bancorp in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.33.

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.