ConnectOne Bancorp (CNOB) to Release Earnings on Thursday

ConnectOne Bancorp (NASDAQ:CNOB - Get Free Report) will issue 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. Persons that are interested in participating in the company's earnings conference call can do so using this link.

ConnectOne Bancorp (NASDAQ:CNOB - Get Free Report) last announced its quarterly earnings data 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 net margin of 14.56% and a return on equity of 7.13%. The business had revenue of $134.41 million during the quarter, compared to analyst estimates of $64.62 million. During the same period last year, the firm 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.

ConnectOne Bancorp Price Performance

Shares of NASDAQ:CNOB traded up $0.16 during midday trading on Thursday, reaching $26.68. 194,018 shares of the company were exchanged, compared to its average volume of 182,284. The stock has a market cap of $1.02 billion, a PE ratio of 14.03 and a beta of 1.25. ConnectOne Bancorp has a one year low of $14.51 and a one year high of $27.13. 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 business's fifty day moving average is $24.32 and its two-hundred day moving average is $21.24.

ConnectOne Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $0.18 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.70%. ConnectOne Bancorp's dividend payout ratio (DPR) is presently 38.10%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CNOB. Keefe, Bruyette & Woods restated a "market perform" rating and set a $26.00 price objective (up from $22.00) on shares of ConnectOne Bancorp in a research report on Friday, July 26th. Piper Sandler raised their price objective on shares of ConnectOne Bancorp from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.