Analysts Expect ConnectOne Bancorp Inc. (CNOB) to Announce $0.33 Earnings Per Share
ConnectOne Bancorp Inc. (NASDAQ:CNOB) has earned a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a strong buy recommendation. ConnectOne Bancorp’s rating score has improved by 16.7% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus target price of $21.25 for the company and are expecting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also assigned ConnectOne Bancorp an industry rank of 112 out of 265 based on the ratings given to related companies.
Several research firms have weighed in on CNOB. FBR & Co reaffirmed a “buy” rating and issued a $21.00 price target on shares of ConnectOne Bancorp in a report on Monday, July 25th. Zacks Investment Research raised ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd.
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ConnectOne Bancorp (NASDAQ:CNOB) traded down 2.19% on Thursday, reaching $17.86. The company had a trading volume of 19,247 shares. ConnectOne Bancorp has a 12-month low of $14.86 and a 12-month high of $19.69. The stock has a market capitalization of $539.32 million, a P/E ratio of 13.04 and a beta of 0.57. The stock’s 50-day moving average price is $18.21 and its 200-day moving average price is $16.80.
ConnectOne Bancorp (NASDAQ:CNOB) last released its quarterly earnings results on Friday, July 22nd. The financial services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.07. ConnectOne Bancorp had a return on equity of 9.33% and a net margin of 25.89%. On average, equities research analysts anticipate that ConnectOne Bancorp will post $1.42 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Friday, October 14th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.64%. ConnectOne Bancorp’s dividend payout ratio is 21.90%.
ConnectOne Bancorp Company Profile
ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (the Bank), a New Jersey-chartered commercial bank. The Company operates in community bank segment. The Bank offers a range of deposit and loan products, and services to the general public, small and middle-sized businesses, local professionals, and individuals residing, working and conducting business in its trade area.
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