ConnectOne Bancorp (NASDAQ:CNOB) Earns Coverage Optimism Score of 0.05

Media stories about ConnectOne Bancorp (NASDAQ:CNOB) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. ConnectOne Bancorp earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.2895692615302 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of ConnectOne Bancorp (CNOB) opened at $28.85 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.10. ConnectOne Bancorp has a one year low of $21.04 and a one year high of $29.20. The firm has a market cap of $930.04, a price-to-earnings ratio of 30.37 and a beta of 0.96.

ConnectOne Bancorp (NASDAQ:CNOB) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.13. ConnectOne Bancorp had a net margin of 16.97% and a return on equity of 9.64%. analysts forecast that ConnectOne Bancorp will post 1.42 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.30 dividend on an annualized basis and a yield of 1.04%. ConnectOne Bancorp’s dividend payout ratio (DPR) is currently 31.58%.

Several analysts recently weighed in on the stock. BidaskClub cut shares of ConnectOne Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. Piper Jaffray Companies reissued a “buy” rating and issued a $30.50 price objective on shares of ConnectOne Bancorp in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $32.00 price objective on shares of ConnectOne Bancorp in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating and set a $30.00 price objective on the stock in a research note on Monday, October 30th.

In other ConnectOne Bancorp news, EVP Laura Criscione sold 4,300 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $26.49, for a total transaction of $113,907.00. Following the sale, the executive vice president now owns 56,536 shares of the company’s stock, valued at $1,497,638.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank Sorrentino III sold 5,848 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $26.49, for a total transaction of $154,913.52. Following the sale, the chief executive officer now directly owns 560,562 shares in the company, valued at approximately $14,849,287.38. The disclosure for this sale can be found here. Corporate insiders own 7.63% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for ConnectOne Bancorp (NASDAQ:CNOB)

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