ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) released its earnings results on Thursday. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10, Zacks reports. ConnectOne Bancorp had a return on equity of 11.24% and a net margin of 20.21%. The firm had revenue of $127.23 million for the quarter, compared to analyst estimates of $125.36 million.
ConnectOne Bancorp Stock Up 2.6%
Shares of ConnectOne Bancorp stock opened at $31.68 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. ConnectOne Bancorp has a 12-month low of $23.20 and a 12-month high of $34.14. The firm has a market capitalization of $1.59 billion, a PE ratio of 10.39 and a beta of 1.08. The stock’s fifty day moving average is $31.31 and its 200-day moving average is $31.14.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of ConnectOne Bancorp in a research report on Monday, August 17th. Piper Sandler lifted their price objective on shares of ConnectOne Bancorp from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of ConnectOne Bancorp in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, ConnectOne Bancorp has an average rating of “Moderate Buy” and a consensus price target of $35.00.
Check Out Our Latest Stock Analysis on CNOB
About ConnectOne Bancorp
ConnectOne Bancorp, Inc is the parent company of ConnectOne Bank, a full-service commercial bank headquartered in Englewood Cliffs, New Jersey. The bank primarily serves businesses, entrepreneurs, professionals, nonprofit organizations and individuals in the New York metropolitan area and surrounding communities.
ConnectOne Bank provides a range of commercial and personal banking products, including checking and savings accounts, certificates of deposit, commercial and industrial loans, commercial real estate financing, construction loans, residential mortgage loans and consumer lending.
See Also
- Five stocks we like better than ConnectOne Bancorp
- Meta Bounces Back in Q3, But the Bigger Test Comes in 2027
- There’s a New Q in Town: Invesco’s ETF Targets International Innovators
- Boarding Now—GE Aerospace’s Earnings Beat Comes With a Catch
- AI Spending Is Surging—But Which Stocks Still Win if It Slows Down?
Receive News & Ratings for ConnectOne Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConnectOne Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
