Press coverage about ConnectOne Bancorp (NASDAQ:CNOB) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ConnectOne Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.9849469538349 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
ConnectOne Bancorp (NASDAQ:CNOB) traded up 2.45% during trading on Friday, reaching $27.20. The company’s stock had a trading volume of 24,065 shares. The company’s 50-day moving average is $23.99 and its 200-day moving average is $23.02. ConnectOne Bancorp has a 12 month low of $18.00 and a 12 month high of $27.40. The stock has a market cap of $868.03 million, a PE ratio of 29.57 and a beta of 0.97.
ConnectOne Bancorp (NASDAQ:CNOB) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. The firm had revenue of $36.52 million for the quarter, compared to the consensus estimate of $36.08 million. ConnectOne Bancorp had a return on equity of 9.37% and a net margin of 16.42%. Equities analysts expect that ConnectOne Bancorp will post $1.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th will be paid a $0.075 dividend. The ex-dividend date is Friday, October 13th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.13%. ConnectOne Bancorp’s dividend payout ratio (DPR) is currently 32.26%.
Several analysts have weighed in on the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $32.00 price objective on shares of ConnectOne Bancorp in a report on Thursday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $29.00 price target on shares of ConnectOne Bancorp in a research note on Thursday, October 12th. Finally, BidaskClub cut ConnectOne Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. ConnectOne Bancorp presently has an average rating of “Buy” and a consensus target price of $29.00.
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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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