Shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB – Get Free Report) have been assigned a consensus rating of “Buy” from the four research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.25.
Several equities analysts have issued reports on the stock. Raymond James upped their price target on shares of ConnectOne Bancorp from $26.00 to $28.00 and gave the company a “strong-buy” rating in a research report on Monday, January 29th. StockNews.com lowered ConnectOne Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday. Piper Sandler upped their price target on ConnectOne Bancorp from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, Keefe, Bruyette & Woods raised their price objective on ConnectOne Bancorp from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th.
Institutional Investors Weigh In On ConnectOne Bancorp
ConnectOne Bancorp Stock Down 6.4 %
CNOB opened at $18.46 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a fifty day moving average of $19.21 and a 200-day moving average of $20.06. ConnectOne Bancorp has a fifty-two week low of $13.11 and a fifty-two week high of $24.44. The company has a market capitalization of $707.57 million, a P/E ratio of 8.92 and a beta of 1.25.
ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $66.03 million for the quarter, compared to analyst estimates of $65.50 million. ConnectOne Bancorp had a return on equity of 8.14% and a net margin of 17.26%. On average, equities analysts expect that ConnectOne Bancorp will post 1.76 EPS for the current year.
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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