2 weeks Ago By ABMN Staff
Renaissance Technologies LLC lifted its stake in shares of ConnectOne Bancorp, Inc. ( NASDAQ:CNOB – Free Report ) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 204,397 shares of the financial services provider’s stock after purchasing an additional 17,310 shares during the quarter. Renaissance Technologies LLC’s holdings in ConnectOne Bancorp were worth $4,683,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company.
KLP Kapitalforvaltning AS acquired a new stake in ConnectOne Bancorp in the fourth quarter valued at approximately $149,000. Quantbot Technologies LP acquired a new position in ConnectOne Bancorp during the fourth quarter worth $205,000. Serenus Wealth Advisors LLC acquired a new position in shares of ConnectOne Bancorp during the fourth quarter valued at about $209,000.
Wilmington Savings Fund Society FSB bought a new stake in shares of ConnectOne Bancorp during the third quarter worth about $305,000. Finally, SG Americas Securities LLC raised its holdings in shares of ConnectOne Bancorp by 52.5% in the 4th quarter.
SG Americas Securities LLC now owns 14,992 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 5,158 shares during the last quarter. 67.70% of the stock is owned by institutional investors.
ConnectOne Bancorp Stock Down 0.8 % ConnectOne Bancorp stock opened at $21.38 on Tuesday.
ConnectOne Bancorp, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $29.
31. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.
01 and a current ratio of 1.01. The firm’s 50-day simple moving average is $23.
66 and its 200 day simple moving average is $24.68. The stock has a market cap of $822.
49 million, a PE ratio of 12.08 and a beta of 1.09.
ConnectOne Bancorp Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.18 per share.
This represents a $0.72 annualized dividend and a dividend yield of 3.37%.
The ex-dividend date was Tuesday, February 18th. ConnectOne Bancorp’s dividend payout ratio is presently 40.68%.
Analyst Ratings Changes Separately, Keefe, Bruyette & Woods raised ConnectOne Bancorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $31.00 to $32.00 in a report on Wednesday, March 26th.
Get Our Latest Research Report on ConnectOne Bancorp ConnectOne Bancorp Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding CNOB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for ConnectOne Bancorp, Inc. ( NASDAQ:CNOB – Free Report ). Receive News & Ratings for ConnectOne Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConnectOne Bancorp and related companies with MarketBeat.
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