Kennedy Capital Management LLC Purchases 99,228 Shares of ConnectOne Bancorp, Inc. $CNOB

Posted by Geri Gentry on Jun 14th, 2026

Kennedy Capital Management LLC increased its position in shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB – Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 863,983 shares of the financial services provider’s stock after acquiring an additional 99,228 shares during the quarter. Kennedy Capital Management LLC owned about 1.72% of ConnectOne Bancorp worth $22,654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Advisors LLC boosted its stake in ConnectOne Bancorp by 195.6% during the 4th quarter. Clearstead Advisors LLC now owns 1,330 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 880 shares during the last quarter. Osaic Holdings Inc. boosted its stake in ConnectOne Bancorp by 728.4% during the 2nd 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. State of Wyoming bought a new position in ConnectOne Bancorp during the 4th quarter worth approximately $73,000. Farther Finance Advisors LLC boosted its stake in ConnectOne Bancorp by 129.1% during the 4th quarter. Farther Finance Advisors LLC now owns 3,475 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 1,958 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in ConnectOne Bancorp by 791.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,553 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 4,042 shares during the last quarter. Institutional investors own 67.70% of the company’s stock.

ConnectOne Bancorp Price Performance

Shares of CNOB opened at $32.76 on Friday. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 18.94 and a beta of 1.06. ConnectOne Bancorp, Inc. has a 1-year low of $21.79 and a 1-year high of $32.87. The company’s fifty day simple moving average is $29.41 and its 200 day simple moving average is $27.72. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $116.64 million for the quarter, compared to the consensus estimate of $119.59 million. ConnectOne Bancorp had a net margin of 13.21% and a return on equity of 10.17%. On average, research analysts forecast that ConnectOne Bancorp, Inc. will post 3.3 earnings per share for the current fiscal year.

ConnectOne Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $0.195 per share. The ex-dividend date was Friday, May 15th. This is a positive change from ConnectOne Bancorp’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a yield of 2.4%. ConnectOne Bancorp’s dividend payout ratio is presently 45.09%.

Analysts Set New Price Targets

CNOB has been the topic of several research analyst reports. Weiss Ratings upgraded shares of ConnectOne Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 20th. Piper Sandler initiated coverage on shares of ConnectOne Bancorp in a report on Monday, March 16th. They set an “overweight” rating and a $31.00 target price on the stock. Hovde Group raised their target price on shares of ConnectOne Bancorp from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Keefe, Bruyette & Woods raised their target price on shares of ConnectOne Bancorp from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $34.00 price objective on shares of ConnectOne Bancorp in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $33.25.

Check Out Our Latest Stock Report on ConnectOne Bancorp

ConnectOne Bancorp Company Profile

(Free Report)

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.