72,036 Shares in ConnectOne Bancorp, Inc. $CNOB Purchased by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. purchased a new position in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 72,036 shares of the financial services provider’s stock, valued at approximately $1,787,000. ConnectOne Bancorp comprises approximately 0.5% of Endeavour Capital Advisors Inc.’s holdings, making the stock its 29th largest position. Endeavour Capital Advisors Inc. owned 0.14% of ConnectOne Bancorp at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Osaic Holdings Inc. boosted its position in shares of ConnectOne Bancorp by 728.4% in the second quarter. Osaic Holdings Inc. now owns 1,781 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,566 shares during the last quarter. PNC Financial Services Group Inc. increased its position in ConnectOne Bancorp by 107.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,842 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 956 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in ConnectOne Bancorp during the third quarter worth approximately $48,000. Ameritas Investment Partners Inc. boosted its holdings in shares of ConnectOne Bancorp by 28.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,746 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of ConnectOne Bancorp by 707.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,440 shares of the financial services provider’s stock valued at $149,000 after buying an additional 5,642 shares during the period. Institutional investors and hedge funds own 67.70% of the company’s stock.

ConnectOne Bancorp Price Performance

Shares of CNOB stock opened at $27.71 on Thursday. ConnectOne Bancorp, Inc. has a twelve month low of $20.61 and a twelve month high of $29.28. The company has a market capitalization of $1.39 billion, a PE ratio of 18.47 and a beta of 1.15. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $27.27 and a 200-day simple moving average of $25.65.

ConnectOne Bancorp (NASDAQ:CNOB) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. ConnectOne Bancorp had a net margin of 11.83% and a return on equity of 9.59%. The company had revenue of $114.63 million during the quarter, compared to analysts’ expectations of $114.80 million. Equities research analysts anticipate that ConnectOne Bancorp, Inc. will post 2.23 earnings per share for the current fiscal year.

ConnectOne Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.6%. ConnectOne Bancorp’s dividend payout ratio (DPR) is presently 48.00%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CNOB shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ConnectOne Bancorp in a research report on Wednesday, January 21st. Piper Sandler began coverage on ConnectOne Bancorp in a research note on Friday, November 7th. They set an “overweight” rating and a $28.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on ConnectOne Bancorp from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Hovde Group decreased their target price on ConnectOne Bancorp from $32.50 to $32.00 and set an “outperform” rating for the company in a report on Friday, January 30th. Finally, Wall Street Zen lowered shares of ConnectOne Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ConnectOne Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

About ConnectOne Bancorp

ConnectOne Bancorp is a New Jersey‐based bank holding company whose primary subsidiary, ConnectOne Bank, offers a suite of commercial banking services to small and medium‐sized businesses, professionals and individuals. Established in 2005 and headquartered in Englewood Cliffs, New Jersey, the company seeks to deliver customized lending and deposit solutions through a network of branches across northern New Jersey and the New York metropolitan area.

The company’s lending portfolio centers on commercial real estate financing, construction lending, owner‐occupied real estate loans and working capital lines of credit.