ConnectOne Bancorp Inc. (NASDAQ:CNOB) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the four brokers that cover the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a strong buy recommendation. ConnectOne Bancorp’s rating score has improved by 16.7% from 90 days ago as a result of various analysts’ ratings changes.
Analysts have set a 1-year consensus target price of $21.25 for the company and are predicting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned ConnectOne Bancorp an industry rank of 155 out of 265 based on the ratings given to related companies.
A number of analysts recently issued reports on the company. FBR & Co reissued a “buy” rating and set a $21.00 price objective on shares of ConnectOne Bancorp in a research report on Monday, July 25th. Zacks Investment Research raised ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd.
Shares of ConnectOne Bancorp (NASDAQ:CNOB) opened at 18.15 on Thursday. The stock has a market capitalization of $548.08 million, a price-to-earnings ratio of 13.25 and a beta of 0.57. ConnectOne Bancorp has a 52-week low of $14.86 and a 52-week high of $19.69. The firm’s 50 day moving average is $18.24 and its 200 day moving average is $16.85.
ConnectOne Bancorp (NASDAQ:CNOB) last issued its earnings results on Friday, July 22nd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. ConnectOne Bancorp had a return on equity of 9.33% and a net margin of 25.89%. Equities analysts expect that ConnectOne Bancorp will post $1.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Friday, October 14th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, October 12th. ConnectOne Bancorp’s dividend payout ratio is currently 21.90%.
ConnectOne Bancorp Company Profile
ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (the Bank), a New Jersey-chartered commercial bank. The Company operates in community bank segment. The Bank offers a range of deposit and loan products, and services to the general public, small and middle-sized businesses, local professionals, and individuals residing, working and conducting business in its trade area.
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