New York State Common Retirement Fund Has $530,000 Stock Holdings in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

New York State Common Retirement Fund cut its stake in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,130 shares of the financial services provider’s stock after selling 1,200 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of ConnectOne Bancorp worth $530,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CNOB. Barclays PLC raised its holdings in ConnectOne Bancorp by 52.0% in the 3rd quarter. Barclays PLC now owns 114,708 shares of the financial services provider’s stock valued at $2,874,000 after acquiring an additional 39,249 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ConnectOne Bancorp in the third quarter valued at approximately $743,000. Stieven Capital Advisors L.P. bought a new position in shares of ConnectOne Bancorp during the third quarter worth approximately $6,488,000. Salzhauer Michael lifted its holdings in ConnectOne Bancorp by 15.4% during the 4th quarter. Salzhauer Michael now owns 76,496 shares of the financial services provider’s stock worth $1,753,000 after purchasing an additional 10,236 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in ConnectOne Bancorp by 4.0% during the 3rd 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 last quarter. Institutional investors and hedge funds own 67.70% of the company’s stock.

Analyst Ratings Changes

CNOB has been the topic of several recent research reports. StockNews.com upgraded ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, November 18th. Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th.

ConnectOne Bancorp Trading Down 3.4 %

Shares of CNOB stock opened at $24.39 on Wednesday. The stock has a market cap of $935.94 million, a P/E ratio of 13.78 and a beta of 1.30. ConnectOne Bancorp, Inc. has a 1 year low of $17.07 and a 1 year high of $29.31. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $24.36 and a 200 day simple moving average of $25.09.

ConnectOne Bancorp (NASDAQ:CNOB) last released its earnings results 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 return on equity of 6.77% and a net margin of 13.80%. On average, research analysts predict that ConnectOne Bancorp, Inc. will post 2.23 earnings per share for the current fiscal year.

ConnectOne Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.72 dividend on an annualized basis and a yield of 2.95%. ConnectOne Bancorp’s payout ratio is 40.68%.

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.