ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) will post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect ConnectOne Bancorp to post earnings of $0.44 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $134.41 million during the quarter, compared to the consensus estimate of $64.62 million. ConnectOne Bancorp had a return on equity of 7.13% and a net margin of 14.56%. During the same quarter in the previous year, the firm earned $0.51 earnings per share. On average, analysts expect ConnectOne Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
ConnectOne Bancorp Stock Up 0.9 %
CNOB stock opened at $25.61 on Wednesday. The company has a market cap of $981.71 million, a PE ratio of 13.55 and a beta of 1.25. The business has a 50-day simple moving average of $24.66 and a 200 day simple moving average of $21.46. ConnectOne Bancorp has a 52 week low of $14.51 and a 52 week high of $27.13. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.
ConnectOne Bancorp Dividend Announcement
Wall Street Analyst Weigh In
A number of research analysts have issued reports on CNOB shares. Piper Sandler lifted their target price on ConnectOne Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $26.00 target price (up previously from $22.00) on shares of ConnectOne Bancorp in a research report on Friday, July 26th. Two equities research 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.
Read Our Latest Research Report on CNOB
About ConnectOne Bancorp
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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