ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its stake in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 15.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 633,599 shares of the financial services provider’s stock after acquiring an additional 85,437 shares during the period. American Century Companies Inc.’s holdings in ConnectOne Bancorp were worth $11,969,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kennedy Capital Management LLC boosted its stake in ConnectOne Bancorp by 698.1% during the 1st quarter. Kennedy Capital Management LLC now owns 676,791 shares of the financial services provider’s stock valued at $13,197,000 after purchasing an additional 591,995 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in ConnectOne Bancorp by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,270,093 shares of the financial services provider’s stock valued at $52,009,000 after buying an additional 58,277 shares in the last quarter. Vanguard Group Inc. raised its position in ConnectOne Bancorp by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,143,706 shares of the financial services provider’s stock worth $41,802,000 after acquiring an additional 53,563 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in ConnectOne Bancorp by 10.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,198 shares of the financial services provider’s stock valued at $10,039,000 after acquiring an additional 41,010 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in ConnectOne Bancorp by 196.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 60,903 shares of the financial services provider’s stock valued at $1,086,000 after acquiring an additional 40,334 shares during the last quarter. Institutional investors and hedge funds own 67.70% of the company’s stock.

ConnectOne Bancorp Trading Down 3.0 %

NASDAQ CNOB opened at $25.46 on Friday. The firm’s 50 day moving average price is $23.55 and its two-hundred day moving average price is $20.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01. ConnectOne Bancorp, Inc. has a twelve month low of $14.51 and a twelve month high of $26.53. The stock has a market cap of $975.96 million, a price-to-earnings ratio of 13.47 and a beta of 1.25.

ConnectOne Bancorp (NASDAQ:CNOB) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The business had revenue of $134.41 million during the quarter, compared to analyst estimates of $64.62 million. ConnectOne Bancorp had a return on equity of 7.13% and a net margin of 14.56%. During the same period last year, the company earned $0.51 earnings per share. Equities analysts anticipate that ConnectOne Bancorp, Inc. will post 1.76 EPS for the current year.

ConnectOne Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.72 annualized dividend and a yield of 2.83%. ConnectOne Bancorp’s dividend payout ratio (DPR) is presently 38.10%.

Analyst Upgrades and Downgrades

CNOB has been the topic of several recent research reports. Piper Sandler lifted their price objective on shares of ConnectOne Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $26.00 price objective (up previously from $22.00) on shares of ConnectOne Bancorp in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

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.