News articles about ConnectOne Bancorp (NASDAQ:CNOB) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ConnectOne Bancorp earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 47.1058204788979 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
ConnectOne Bancorp (NASDAQ CNOB) traded down 0.45% during midday trading on Friday, reaching $22.15. 134,648 shares of the company traded hands. ConnectOne Bancorp has a one year low of $17.08 and a one year high of $26.65. The company has a market capitalization of $706.87 million, a price-to-earnings ratio of 24.08 and a beta of 0.97. The stock’s 50 day moving average is $22.70 and its 200 day moving average is $23.30.
ConnectOne Bancorp (NASDAQ:CNOB) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $36.52 million during the quarter, compared to analyst estimates of $36.08 million. ConnectOne Bancorp had a return on equity of 9.37% and a net margin of 16.42%. On average, equities analysts anticipate that ConnectOne Bancorp will post $1.42 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 17th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, July 13th. ConnectOne Bancorp’s payout ratio is 32.26%.
CNOB has been the subject of a number of recent analyst reports. BidaskClub raised shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of ConnectOne Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. ConnectOne Bancorp currently has an average rating of “Hold” and an average price target of $27.00.
In related news, Director Frank W. Baier bought 5,000 shares of the stock in a transaction dated Thursday, June 1st. The shares were purchased at an average price of $21.80 per share, for a total transaction of $109,000.00. Following the completion of the purchase, the director now directly owns 71,891 shares of the company’s stock, valued at $1,567,223.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William Thompson sold 4,350 shares of the company’s stock in a transaction dated Saturday, May 27th. The stock was sold at an average price of $21.70, for a total value of $94,395.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,783 shares of company stock worth $214,562 over the last ninety days. 7.63% of the stock is currently owned by corporate insiders.
ConnectOne Bancorp Company Profile
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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