Media stories about ConnectOne Bancorp (NASDAQ:CNOB) have been trending somewhat positive on Monday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ConnectOne Bancorp earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.9184424735293 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- ConnectOne Bancorp, Inc. (CNOB) Stock Rating Reaffirmed by Keefe, Bruyette & Woods (americanbankingnews.com)
- ConnectOne Bancorp’s (CNOB) CEO Frank Sorrentino on Q3 2017 Results – Earnings Call Transcript (msn.com)
- Edited Transcript of CNOB earnings conference call or presentation 26-Oct-17 2:00pm GMT (finance.yahoo.com)
- ConnectOne posts 3Q profit (finance.yahoo.com)
- ConnectOne Bancorp, Inc. Reports Third Quarter 2017 Results (finance.yahoo.com)
A number of research firms recently issued reports on CNOB. BidaskClub raised shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $32.00 price objective on shares of ConnectOne Bancorp in a report on Thursday. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $29.00 price objective on shares of ConnectOne Bancorp in a report on Thursday, October 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. ConnectOne Bancorp currently has a consensus rating of “Buy” and an average target price of $29.00.
Shares of ConnectOne Bancorp (CNOB) traded down 1.66% during midday trading on Monday, reaching $26.65. 44,827 shares of the company’s stock were exchanged. ConnectOne Bancorp has a 12-month low of $18.00 and a 12-month high of $27.40. The company has a market cap of $850.48 million, a price-to-earnings ratio of 28.97 and a beta of 0.97. The stock’s 50 day moving average price is $24.27 and its 200 day moving average price is $23.07.
ConnectOne Bancorp (NASDAQ:CNOB) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. ConnectOne Bancorp had a net margin of 16.97% and a return on equity of 9.72%. The business had revenue of $36.52 million during the quarter, compared to analyst estimates of $36.08 million. Equities analysts anticipate that ConnectOne Bancorp will post $1.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.11%. ConnectOne Bancorp’s dividend payout ratio is currently 31.58%.
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ConnectOne Bancorp Company Profile
ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Bank offers a range of deposit and loan products. In addition, to attract the business of consumer and business customers, it also provides an array of other banking services.
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