ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Position Maintained by Salzhauer Michael

Salzhauer Michael continued to hold its stake in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,985 shares of the financial services provider’s stock at the end of the second quarter. Salzhauer Michael owned 0.09% of ConnectOne Bancorp worth $654,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in ConnectOne Bancorp by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,263,744 shares of the financial services provider’s stock worth $30,646,000 after buying an additional 81,294 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of ConnectOne Bancorp during the fourth quarter worth about $627,000. Two Sigma Investments LP acquired a new position in shares of ConnectOne Bancorp during the fourth quarter worth about $1,404,000. Dimensional Fund Advisors LP purchased a new position in ConnectOne Bancorp during the fourth quarter valued at $27,664,000. Finally, Renaissance Technologies LLC increased its position in ConnectOne Bancorp by 21.4% in the first quarter. Renaissance Technologies LLC now owns 1,031,676 shares of the financial services provider’s stock valued at $25,018,000 after buying an additional 181,600 shares during the last quarter. 68.08% of the stock is owned by hedge funds and other institutional investors.

Shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) traded down 1.11% during mid-day trading on Friday, hitting $22.25. The stock had a trading volume of 92,649 shares. The firm’s 50 day moving average price is $22.66 and its 200-day moving average price is $23.41. ConnectOne Bancorp, Inc. has a one year low of $17.02 and a one year high of $26.65. The company has a market cap of $710.06 million, a PE ratio of 24.18 and a beta of 0.97.

ConnectOne Bancorp (NASDAQ:CNOB) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. ConnectOne Bancorp had a net margin of 16.42% and a return on equity of 9.37%. The company had revenue of $36.52 million during the quarter, compared to analysts’ expectations of $36.08 million. On average, equities research analysts anticipate that ConnectOne Bancorp, Inc. will post $1.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 17th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Thursday, July 13th. ConnectOne Bancorp’s dividend payout ratio (DPR) is 32.26%.

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Several equities analysts recently weighed in on the company. BidaskClub raised ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded ConnectOne Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $27.00.

In other ConnectOne Bancorp news, Director William Thompson sold 4,350 shares of the company’s stock in a transaction dated Saturday, May 27th. The shares were sold at an average price of $21.70, for a total transaction of $94,395.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Christopher J. Ewing sold 2,100 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $22.67, for a total transaction of $47,607.00. Following the sale, the chief operating officer now owns 9,922 shares of the company’s stock, valued at $224,931.74. The disclosure for this sale can be found here. Insiders have sold 9,783 shares of company stock valued at $214,562 over the last 90 days. Corporate insiders own 7.63% of the company’s stock.

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.

Institutional Ownership by Quarter for ConnectOne Bancorp (NASDAQ:CNOB)

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