Highlander Capital Management LLC maintained its stake in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,602 shares of the financial services provider’s stock at the end of the 2nd quarter. Highlander Capital Management LLC’s holdings in ConnectOne Bancorp were worth $152,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Legal & General Group Plc lifted its position in shares of ConnectOne Bancorp by 9.5% in the first quarter. Legal & General Group Plc now owns 7,568 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 659 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of ConnectOne Bancorp in the first quarter valued at $218,000. Trexquant Investment LP purchased a new stake in shares of ConnectOne Bancorp in the second quarter valued at $227,000. GSA Capital Partners LLP purchased a new stake in shares of ConnectOne Bancorp in the second quarter valued at $244,000. Finally, Aperio Group LLC lifted its position in shares of ConnectOne Bancorp by 28.2% in the second quarter. Aperio Group LLC now owns 11,542 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 2,541 shares in the last quarter. Institutional investors and hedge funds own 68.35% of the company’s stock.
ConnectOne Bancorp, Inc. (NASDAQ CNOB) traded up 0.98% during trading on Wednesday, reaching $25.65. The company had a trading volume of 75,423 shares. The company has a 50-day moving average price of $23.19 and a 200 day moving average price of $22.90. ConnectOne Bancorp, Inc. has a 52-week low of $17.75 and a 52-week high of $26.65. The stock has a market cap of $821.18 million, a PE ratio of 28.19 and a beta of 0.97.
ConnectOne Bancorp (NASDAQ:CNOB) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The business had revenue of $36.52 million during the quarter, compared to analysts’ expectations of $36.08 million. ConnectOne Bancorp had a return on equity of 9.37% and a net margin of 16.42%. On average, analysts anticipate that ConnectOne Bancorp, Inc. will post $1.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th will be given a $0.075 dividend. The ex-dividend date is Friday, October 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.18%. ConnectOne Bancorp’s dividend payout ratio (DPR) is presently 32.26%.
Separately, BidaskClub upgraded ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd.
ConnectOne Bancorp Company Profile
ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Bank offers a range of deposit and loan products. In addition, to attract the business of consumer and business customers, it also provides an array of other banking services.
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