ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Scheduled to Post Quarterly Earnings on Thursday

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.

Earnings History for ConnectOne Bancorp (NASDAQ:CNOB)

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