ConnectOne Bancorp (CNOB) to Release Quarterly Earnings on Thursday

ConnectOne Bancorp (NASDAQ:CNOB) 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) 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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Thursday, August 15th. ConnectOne Bancorp’s dividend payout ratio is presently 38.10%.

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.

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.