ConnectOne Bancorp, Inc. (NASDAQ:CNOB – Get Free Report) has received an average recommendation of “Buy” from the four brokerages that are presently covering the firm, Marketbeat reports. One equities research 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 price target among brokerages that have issued ratings on the stock in the last year is $25.00.
A number of analysts recently issued reports on CNOB shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $26.00 price objective (up previously from $22.00) on shares of ConnectOne Bancorp in a report on Friday, July 26th. Piper Sandler upped their price target on ConnectOne Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, July 26th.
Check Out Our Latest Research Report on ConnectOne Bancorp
Institutional Inflows and Outflows
ConnectOne Bancorp Trading Down 3.0 %
Shares of ConnectOne Bancorp stock opened at $25.46 on Friday. The stock has a market capitalization of $975.96 million, a P/E ratio of 13.47 and a beta of 1.25. ConnectOne Bancorp has a 52-week low of $14.51 and a 52-week high of $26.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50-day simple moving average is $23.55 and its 200 day simple moving average is $20.53.
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 (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $134.41 million for the quarter, compared to analyst estimates of $64.62 million. ConnectOne Bancorp had a net margin of 14.56% and a return on equity of 7.13%. During the same quarter in the previous year, the firm posted $0.51 earnings per share. As a group, research analysts anticipate that ConnectOne Bancorp will post 1.76 EPS for the current year.
ConnectOne Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.83%. ConnectOne Bancorp’s payout ratio is currently 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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