Stieven Capital Advisors L.P. Increases Stock Position in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Stieven Capital Advisors L.P. raised its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Free Report) by 96.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 508,265 shares of the financial services provider's stock after buying an additional 249,265 shares during the period. ConnectOne Bancorp comprises about 2.1% of Stieven Capital Advisors L.P.'s investment portfolio, making the stock its 22nd biggest holding. Stieven Capital Advisors L.P. owned approximately 1.32% of ConnectOne Bancorp worth $11,644,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in ConnectOne Bancorp by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 852,507 shares of the financial services provider's stock valued at $21,359,000 after buying an additional 6,880 shares during the period. Wellington Management Group LLP bought a new position in ConnectOne Bancorp in the 3rd quarter worth $14,127,000. Banc Funds Co. LLC raised its holdings in ConnectOne Bancorp by 1.0% in the 3rd quarter. Banc Funds Co. LLC now owns 489,086 shares of the financial services provider's stock worth $12,252,000 after purchasing an additional 5,000 shares in the last quarter. Franklin Resources Inc. raised its holdings in ConnectOne Bancorp by 52.8% in the 3rd quarter. Franklin Resources Inc. now owns 242,920 shares of the financial services provider's stock worth $6,262,000 after purchasing an additional 83,950 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in ConnectOne Bancorp by 5.1% in the 4th quarter. Empowered Funds LLC now owns 143,981 shares of the financial services provider's stock worth $3,299,000 after purchasing an additional 7,009 shares in the last quarter. Hedge funds and other institutional investors own 67.70% of the company's stock.

ConnectOne Bancorp Stock Down 1.5 %

NASDAQ:CNOB traded down $0.41 on Wednesday, reaching $26.46. 100,615 shares of the stock traded hands, compared to its average volume of 204,880. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 14.95 and a beta of 1.30. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. ConnectOne Bancorp, Inc. has a 12 month low of $17.07 and a 12 month high of $29.31. The company's fifty day simple moving average is $24.26 and its 200 day simple moving average is $24.83.

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 for the quarter, beating 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%. Equities analysts predict that ConnectOne Bancorp, Inc. will post 2.23 EPS for the current fiscal year.

ConnectOne Bancorp Announces Dividend

The company 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 of this dividend is Tuesday, February 18th. This represents a $0.72 dividend on an annualized basis and a yield of 2.72%. ConnectOne Bancorp's dividend payout ratio is currently 40.68%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of ConnectOne Bancorp from $28.00 to $31.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of ConnectOne Bancorp from a "sell" rating to a "hold" rating in a research note 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.