Tudor Investment Corp ET AL Buys Shares of 19,091 ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Tudor Investment Corp ET AL purchased a new position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 19,091 shares of the financial services provider’s stock, valued at approximately $437,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC raised its stake in ConnectOne Bancorp by 792.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,160 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,030 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of ConnectOne Bancorp during the 4th quarter valued at approximately $62,000. KLP Kapitalforvaltning AS purchased a new stake in shares of ConnectOne Bancorp during the 4th quarter valued at approximately $149,000. Quantbot Technologies LP acquired a new position in ConnectOne Bancorp in the fourth quarter valued at approximately $205,000. Finally, Serenus Wealth Advisors LLC purchased a new position in ConnectOne Bancorp in the fourth quarter worth approximately $209,000. Institutional investors and hedge funds own 67.70% of the company’s stock.

Analyst Upgrades and Downgrades

CNOB has been the topic of a number of research analyst reports. Hovde Group lifted their target price on ConnectOne Bancorp from $29.00 to $29.50 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods decreased their target price on shares of ConnectOne Bancorp from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th.

ConnectOne Bancorp Stock Up 2.9 %

NASDAQ:CNOB opened at $24.13 on Friday. ConnectOne Bancorp, Inc. has a 52 week low of $17.07 and a 52 week high of $29.31. The stock’s fifty day moving average is $22.91 and its two-hundred day moving average is $24.45. The stock has a market capitalization of $928.28 million, a price-to-earnings ratio of 13.63 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.

ConnectOne Bancorp (NASDAQ:CNOB) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The company had revenue of $70.21 million during the quarter, compared to analysts’ expectations of $67.90 million. ConnectOne Bancorp had a return on equity of 6.77% and a net margin of 13.80%. Research analysts anticipate that ConnectOne Bancorp, Inc. will post 2.23 EPS for the current year.

ConnectOne Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Thursday, May 15th. ConnectOne Bancorp’s dividend payout ratio (DPR) is currently 38.92%.

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.