ConnectOne Bancorp, Inc. (CNOB) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,011,176 shares of the financial services provider’s stock after selling 20,500 shares during the period. Renaissance Technologies LLC owned about 3.16% of ConnectOne Bancorp worth $22,802,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNOB. Wellington Management Group LLP raised its stake in shares of ConnectOne Bancorp by 41.8% in the first quarter. Wellington Management Group LLP now owns 2,872,566 shares of the financial services provider’s stock valued at $69,659,000 after acquiring an additional 846,659 shares in the last quarter. FMR LLC raised its stake in shares of ConnectOne Bancorp by 2.0% in the first quarter. FMR LLC now owns 2,640,591 shares of the financial services provider’s stock valued at $64,034,000 after acquiring an additional 51,800 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of ConnectOne Bancorp by 5.6% in the second quarter. Vanguard Group Inc. now owns 1,310,949 shares of the financial services provider’s stock valued at $29,561,000 after acquiring an additional 69,802 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $30,646,000 after acquiring an additional 81,294 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of ConnectOne Bancorp by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,203,535 shares of the financial services provider’s stock valued at $29,185,000 after acquiring an additional 137,501 shares in the last quarter. Institutional investors and hedge funds own 68.35% of the company’s stock.

Shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) opened at 25.40 on Wednesday. The firm has a market capitalization of $810.59 million, a PE ratio of 27.61 and a beta of 0.97. The firm 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 1-year low of $17.75 and a 1-year high of $26.65.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 16th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.30 dividend on an annualized basis and a yield of 1.18%. Co

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNOB. Wellington Management Group LLP raised its stake in shares of ConnectOne Bancorp by 41.8% in the first quarter. Wellington Management Group LLP now owns 2,872,566 shares of the financial services provider’s stock valued at $69,659,000 after acquiring an additional 846,659 shares in the last quarter. FMR LLC raised its stake in shares of ConnectOne Bancorp by 2.0% in the first quarter. FMR LLC now owns 2,640,591 shares of the financial services provider’s stock valued at $64,034,000 after acquiring an additional 51,800 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of ConnectOne Bancorp by 5.6% in the second quarter. Vanguard Group Inc. now owns 1,310,949 shares of the financial services provider’s stock valued at $29,561,000 after acquiring an additional 69,802 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $30,646,000 after acquiring an additional 81,294 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of ConnectOne Bancorp by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,203,535 shares of the financial services provider’s stock valued at $29,185,000 after acquiring an additional 137,501 shares in the last quarter. Institutional investors and hedge funds own 68.35% of the company’s stock.

Shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) opened at 25.40 on Wednesday. The firm has a market capitalization of $810.59 million, a PE ratio of 27.61 and a beta of 0.97. The firm 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 1-year low of $17.75 and a 1-year high of $26.65.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 16th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.30 dividend on an annualized basis and a yield of 1.18%. ConnectOne Bancorp’s dividend payout ratio (DPR) is 32.26%.

Separately, BidaskClub cut ConnectOne Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.

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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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