Salzhauer Michael Has $1.75 Million Stock Holdings in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Salzhauer Michael grew its holdings in ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,496 shares of the financial services provider's stock after acquiring an additional 10,236 shares during the quarter. ConnectOne Bancorp accounts for 0.6% of Salzhauer Michael's portfolio, making the stock its 22nd largest holding. Salzhauer Michael owned approximately 0.20% of ConnectOne Bancorp worth $1,753,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CNOB. Barclays PLC lifted its position in ConnectOne Bancorp by 52.0% in the third quarter. Barclays PLC now owns 114,708 shares of the financial services provider's stock worth $2,874,000 after purchasing an additional 39,249 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in ConnectOne Bancorp in the third quarter worth $743,000. Stieven Capital Advisors L.P. bought a new position in ConnectOne Bancorp in the third quarter worth $6,488,000. Stifel Financial Corp lifted its position in ConnectOne Bancorp by 4.0% in the third quarter. Stifel Financial Corp now owns 91,650 shares of the financial services provider's stock worth $2,296,000 after purchasing an additional 3,565 shares during the period. Finally, SG Americas Securities LLC bought a new position in ConnectOne Bancorp in the third quarter worth $246,000. 67.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com raised ConnectOne Bancorp from a "sell" rating to a "hold" rating in a research report on Monday, November 18th. Keefe, Bruyette & Woods raised their target price on ConnectOne Bancorp from $28.00 to $31.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th.

ConnectOne Bancorp Price Performance

ConnectOne Bancorp stock traded up $0.12 during mid-day trading on Thursday, hitting $26.98. 148,017 shares of the company were exchanged, compared to its average volume of 213,390. 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 fifty day moving average of $24.26 and a 200 day moving average of $24.76. ConnectOne Bancorp, Inc. has a 1-year low of $17.07 and a 1-year high of $29.31. The company has a market capitalization of $1.04 billion, a PE ratio of 15.24 and a beta of 1.30.

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, topping the consensus estimate of $0.42 by $0.10. ConnectOne Bancorp had a return on equity of 6.77% and a net margin of 13.80%. As a group, sell-side analysts expect that ConnectOne Bancorp, Inc. will post 2.23 earnings per share for the current year.

ConnectOne Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.72 annualized dividend and a yield of 2.67%. ConnectOne Bancorp's dividend payout ratio is currently 40.68%.

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.