ConnectOne Bancorp Given “Strong-Buy” Rating at Raymond James (CNOB)
ConnectOne Bancorp (NASDAQ:CNOB)‘s stock had its “strong-buy” rating reaffirmed by stock analysts at Raymond James in a report issued on Thursday. They currently have a $23.00 price objective on the stock, down from their previous price objective of $60.00. Raymond James’ price target points to a potential upside of 19.79% from the stock’s previous close.
ConnectOne Bancorp (NASDAQ:CNOB) traded down 1.39% on Thursday, hitting $19.20. 62,916 shares of the company’s stock traded hands. ConnectOne Bancorp has a one year low of $13.00 and a one year high of $21.27. The stock has a 50-day moving average of $18.89 and a 200-day moving average of $18.5. The company has a market cap of $314.9 million and a P/E ratio of 16.50.
ConnectOne Bancorp (NASDAQ:CNOB) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.02. On average, analysts predict that ConnectOne Bancorp will post $1.42 earnings per share for the current fiscal year.
The company also recently declared a dividend, which is scheduled for Friday, August 1st. Stockholders of record on Friday, July 11th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, July 9th.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim initiated coverage on shares of ConnectOne Bancorp in a research note on Wednesday. They set a “buy” rating and a $24.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of ConnectOne Bancorp in a research note on Tuesday, July 1st. They now have a $23.00 price target on the stock. Finally, analysts at Zacks upgraded shares of ConnectOne Bancorp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $19.70 price target on the stock. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. ConnectOne Bancorp currently has a consensus rating of “Buy” and a consensus price target of $21.34.
ConnectOne Bancorp, Inc serves as a bank holding company for ConnectOne Bank (NASDAQ:CNOB).
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