ConnectOne Bancorp (CNOB) Projected to Post Earnings on Thursday

ConnectOne Bancorp (NASDAQ:CNOB) is anticipated to announce its earnings results before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $67.90 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

ConnectOne Bancorp (NASDAQ:CNOB) last released its earnings results on Thursday, January 30th. The financial services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. ConnectOne Bancorp had a return on equity of 6.77% and a net margin of 13.80%. On average, analysts expect ConnectOne Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

ConnectOne Bancorp Price Performance

CNOB opened at $21.40 on Thursday. The firm has a market cap of $823.26 million, a PE ratio of 12.09 and a beta of 1.09. The stock has a 50-day moving average price of $24.00 and a 200-day moving average price of $24.74. ConnectOne Bancorp has a 1 year low of $17.07 and a 1 year high of $29.31. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.01.

ConnectOne Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.18 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.72 annualized dividend and a yield of 3.36%. ConnectOne Bancorp’s dividend payout ratio (DPR) is presently 40.68%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised shares of ConnectOne Bancorp from a “market perform” rating to an “outperform” rating and raised their price target for the company from $31.00 to $32.00 in a research report on Wednesday, March 26th.

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.