ConnectOne Bancorp (NASDAQ:CNOBP) Trading Up 0.4% – Here’s Why

ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) was up 0.4% on Wednesday . The company traded as high as $24.30 and last traded at $24.30. Approximately 2,805 shares were traded during trading, a decline of 58% from the average daily volume of 6,739 shares. The stock had previously closed at $24.21.

ConnectOne Bancorp Price Performance

The stock has a 50-day simple moving average of $24.10 and a 200-day simple moving average of $23.66.

ConnectOne Bancorp (NASDAQ:CNOBP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.52 earnings per share for the quarter. The company had revenue of $67.04 million for the quarter.

ConnectOne Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a dividend of $0.3281 per share. This represents a $1.31 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Friday, November 14th.

ConnectOne Bancorp Company Profile

ConnectOne Bancorp, Inc is the bank holding company for ConnectOne Bank, a regional commercial bank headquartered in Englewood Cliffs, New Jersey. Established through the 2006 merger of Northern Jersey Bancorp and Bergen Bancorp, ConnectOne Bank focuses on serving small- to middle-market businesses, professional firms and individual customers. The company’s core business activities include commercial lending, specialty finance, treasury management and deposit services.

ConnectOne Bank provides a comprehensive suite of financial products and services.