ConnectOne Bancorp, Inc. (NASDAQ:CNOB - Get Free Report) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.18 per share by the financial services provider on Monday, March 3rd. This represents a $0.72 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Tuesday, February 18th.
ConnectOne Bancorp has raised its dividend by an average of 17.3% annually over the last three years. ConnectOne Bancorp has a dividend payout ratio of 23.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ConnectOne Bancorp to earn $3.07 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 23.5%.
ConnectOne Bancorp Stock Performance
Shares of NASDAQ:CNOB traded up $1.05 during midday trading on Tuesday, hitting $26.27. The stock had a trading volume of 201,366 shares, compared to its average volume of 214,204. ConnectOne Bancorp has a 1 year low of $17.07 and a 1 year high of $29.31. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average price of $24.33 and a two-hundred day moving average price of $24.63. The company has a market capitalization of $1.01 billion, a PE ratio of 14.84 and a beta of 1.30.
ConnectOne Bancorp (NASDAQ:CNOB - Get Free Report) last released its earnings results on Thursday, January 30th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. ConnectOne Bancorp had a return on equity of 6.77% and a net margin of 13.80%. As a group, equities analysts predict that ConnectOne Bancorp will post 2.19 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have commented on CNOB shares. StockNews.com raised ConnectOne Bancorp from a "sell" rating to a "hold" rating in a report on Monday, November 18th. Keefe, Bruyette & Woods increased their target price on shares of ConnectOne Bancorp from $28.00 to $31.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th.
Read Our Latest Stock Report on ConnectOne Bancorp
ConnectOne Bancorp Company Profile
(
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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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