ConnectOne Bancorp, Inc. (NASDAQ:CNOB – Get Free Report) has earned an average recommendation of “Buy” from the four ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $25.00.
CNOB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $26.00 price objective (up previously from $22.00) on shares of ConnectOne Bancorp in a research report on Friday, July 26th. StockNews.com raised shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Piper Sandler increased their price objective on shares of ConnectOne Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th.
Check Out Our Latest Research Report on ConnectOne Bancorp
Hedge Funds Weigh In On ConnectOne Bancorp
ConnectOne Bancorp Stock Performance
ConnectOne Bancorp stock opened at $25.31 on Monday. The firm has a 50 day simple moving average of $20.99 and a 200-day simple moving average of $19.87. ConnectOne Bancorp has a 1-year low of $14.51 and a 1-year high of $25.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $970.21 million, a price-to-earnings ratio of 13.39 and a beta of 1.27.
ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. ConnectOne Bancorp had a net margin of 14.56% and a return on equity of 7.16%. The business had revenue of $134.41 million during the quarter, compared to analysts’ expectations of $64.62 million. During the same quarter in the prior year, the company posted $0.51 EPS. On average, analysts expect that ConnectOne Bancorp will post 1.74 EPS for the current year.
ConnectOne Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.72 annualized dividend and a yield of 2.84%. ConnectOne Bancorp’s dividend payout ratio is presently 38.10%.
ConnectOne Bancorp Company Profile
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.
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