ConnectOne Bancorp, Inc. (NASDAQ:CNOB) is scheduled to announce its earnings results on Thursday, July 20th.
ConnectOne Bancorp (NASDAQ:CNOB) last posted its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by $0.01. ConnectOne Bancorp had a net margin of 18.56% and a return on equity of 9.27%. The business had revenue of $36.14 million during the quarter, compared to the consensus estimate of $35.64 million. On average, analysts expect ConnectOne Bancorp to post $1.42 EPS for the current fiscal year and $1.86 EPS for the next fiscal year.
Shares of ConnectOne Bancorp, Inc. (NASDAQ CNOB) opened at 22.45 on Tuesday. The company has a market cap of $716.20 million, a price-to-earnings ratio of 21.46 and a beta of 0.97. ConnectOne Bancorp, Inc. has a 12-month low of $15.94 and a 12-month high of $26.65. The stock has a 50 day moving average of $22.45 and a 200 day moving average of $23.99.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 17th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, July 13th. ConnectOne Bancorp’s payout ratio is 28.57%.
In related news, Director William Thompson sold 4,350 shares of the firm’s stock in a transaction that occurred on Saturday, May 27th. The shares were sold at an average price of $21.70, for a total value of $94,395.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frank W. Baier bought 5,000 shares of ConnectOne Bancorp stock in a transaction that occurred on Thursday, June 1st. The stock was purchased at an average cost of $21.80 per share, for a total transaction of $109,000.00. Following the acquisition, the director now owns 71,891 shares of the company’s stock, valued at $1,567,223.80. The disclosure for this purchase can be found here. In the last three months, insiders sold 9,783 shares of company stock valued at $214,562. Insiders own 7.63% of the company’s stock.
Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods set a $33.00 price objective on shares of ConnectOne Bancorp and gave the company a “buy” rating in a research note on Tuesday, April 4th. Zacks Investment Research lowered shares of ConnectOne Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, April 28th.
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About ConnectOne Bancorp
ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Bank offers a range of deposit and loan products. In addition, to attract the business of consumer and business customers, it also provides an array of other banking services.
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