Connor Clark & Lunn Investment Management Ltd. Invests $743,000 in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,643 shares of the financial services provider’s stock, valued at approximately $743,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of ConnectOne Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CNOB. Copeland Capital Management LLC bought a new position in shares of ConnectOne Bancorp during the third quarter worth approximately $53,000. Bryn Mawr Capital Management LLC bought a new position in ConnectOne Bancorp during the 2nd quarter worth $171,000. Evergreen Capital Management LLC bought a new position in ConnectOne Bancorp during the 2nd quarter worth $196,000. Palouse Capital Management Inc. raised its holdings in 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 valued at $201,000 after acquiring an additional 1,607 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of ConnectOne Bancorp during the 3rd quarter valued at $246,000. 67.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, November 18th.

ConnectOne Bancorp Stock Down 0.3 %

Shares of CNOB opened at $27.75 on Friday. The firm has a 50 day simple moving average of $25.86 and a two-hundred day simple moving average of $22.84. 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 one year low of $17.07 and a one year high of $29.31. The company has a market cap of $1.06 billion, a P/E ratio of 15.95 and a beta of 1.25.

ConnectOne Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, November 15th. ConnectOne Bancorp’s dividend payout ratio (DPR) is presently 41.38%.

ConnectOne Bancorp 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.