SG Americas Securities LLC Purchases 5,158 Shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

SG Americas Securities LLC raised its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 52.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,992 shares of the financial services provider’s stock after purchasing an additional 5,158 shares during the quarter. SG Americas Securities LLC’s holdings in ConnectOne Bancorp were worth $343,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CNOB. Sei Investments Co. grew its holdings in shares of ConnectOne Bancorp by 12.4% during the second quarter. Sei Investments Co. now owns 40,452 shares of the financial services provider’s stock valued at $764,000 after buying an additional 4,447 shares during the last quarter. AQR Capital Management LLC boosted its stake in ConnectOne Bancorp by 23.4% during the 2nd quarter. AQR Capital Management LLC now owns 138,583 shares of the financial services provider’s stock valued at $2,618,000 after purchasing an additional 26,285 shares during the last quarter. Creative Planning increased its holdings in shares of ConnectOne Bancorp by 23.8% in the 2nd quarter. Creative Planning now owns 33,808 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 6,489 shares in the last quarter. Palouse Capital Management Inc. increased its holdings in shares of ConnectOne Bancorp by 25.1% in the 3rd quarter. Palouse Capital Management Inc. now owns 8,022 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 1,607 shares in the last quarter. Finally, Copeland Capital Management LLC purchased a new position in shares of ConnectOne Bancorp in the third quarter worth $53,000. 67.70% of the stock is owned by hedge funds and other institutional investors.

ConnectOne Bancorp Stock Performance

CNOB stock opened at $26.27 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.01. ConnectOne Bancorp, Inc. has a 1 year low of $17.07 and a 1 year high of $29.31. The company has a market cap of $1.01 billion, a P/E ratio of 14.84 and a beta of 1.30. The stock’s fifty day moving average price is $24.33 and its 200-day moving average price is $24.63.

ConnectOne Bancorp (NASDAQ:CNOB) last announced its earnings results 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%. On average, equities analysts forecast that ConnectOne Bancorp, Inc. will post 2.19 earnings per share for the current year.

ConnectOne Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given 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 2.74%. ConnectOne Bancorp’s dividend payout ratio (DPR) is 40.68%.

Analysts Set New Price Targets

Several equities 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 lifted 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.

ConnectOne Bancorp Company Profile

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.