Boothbay Fund Management LLC Grows Holdings in ConnectOne Bancorp, Inc. (NASDAQ:CNOB)

Boothbay Fund Management LLC boosted its holdings in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 14.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 288,363 shares of the financial services provider’s stock after purchasing an additional 36,690 shares during the period. Boothbay Fund Management LLC owned approximately 0.75% of ConnectOne Bancorp worth $6,606,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP grew its holdings in shares of ConnectOne Bancorp by 1.7% during the fourth quarter. First Trust Advisors LP now owns 23,601 shares of the financial services provider’s stock worth $541,000 after buying an additional 389 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of ConnectOne Bancorp by 792.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,160 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,030 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of ConnectOne Bancorp by 5.7% in the fourth quarter. MetLife Investment Management LLC now owns 22,323 shares of the financial services provider’s stock valued at $511,000 after purchasing an additional 1,202 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of ConnectOne Bancorp by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,924 shares of the financial services provider’s stock valued at $915,000 after purchasing an additional 2,218 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of ConnectOne Bancorp by 5.6% during the fourth quarter. Victory Capital Management Inc. now owns 52,000 shares of the financial services provider’s stock worth $1,191,000 after purchasing an additional 2,780 shares during the last quarter. 67.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Hovde Group boosted their price objective on shares of ConnectOne Bancorp from $29.00 to $29.50 and gave the company an “outperform” rating in a research note on Thursday. Keefe, Bruyette & Woods lowered their target price on shares of ConnectOne Bancorp from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday.

ConnectOne Bancorp Stock Down 1.8 %

ConnectOne Bancorp stock opened at $22.39 on Friday. The stock’s 50 day moving average price is $23.30 and its 200 day moving average price is $24.61. ConnectOne Bancorp, Inc. has a 1-year low of $17.07 and a 1-year high of $29.31. The company has a market cap of $861.34 million, a PE ratio of 12.65 and a beta of 1.09. 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 (NASDAQ:CNOB) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $70.21 million during the quarter, compared to analysts’ expectations of $67.90 million. ConnectOne Bancorp had a net margin of 13.80% and a return on equity of 6.77%. On average, sell-side analysts predict that ConnectOne Bancorp, Inc. will post 2.23 EPS for the current fiscal year.

ConnectOne Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, May 15th. ConnectOne Bancorp’s dividend payout ratio (DPR) is 38.92%.

About ConnectOne Bancorp

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.