ConnectOne Bancorp (NASDAQ:CNOB - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.
ConnectOne Bancorp (NASDAQ:CNOB - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. ConnectOne Bancorp had a return on equity of 7.13% and a net margin of 14.56%. The firm had revenue of $134.41 million during the quarter, compared to analyst estimates of $64.62 million. During the same period last year, the company posted $0.51 EPS. On average, analysts expect ConnectOne Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of CNOB stock opened at $26.52 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $1.02 billion, a PE ratio of 14.03 and a beta of 1.25. The business's fifty day moving average is $24.32 and its 200-day moving average is $21.24. ConnectOne Bancorp has a 1 year low of $14.51 and a 1 year high of $27.13.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.71%. ConnectOne Bancorp's payout ratio is currently 38.10%.
CNOB has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $26.00 price target (up previously from $22.00) on shares of ConnectOne Bancorp in a research report on Friday, July 26th. Piper Sandler raised their target price on shares of ConnectOne Bancorp from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $26.33.
View Our Latest Research Report on CNOB
ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking.
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