BidaskClub downgraded shares of ConnectOne Bancorp (NASDAQ:CNOB) from a hold rating to a sell rating in a report issued on Saturday, BidAskClub reports.

Several other equities research analysts have also issued reports on CNOB. Stephens raised ConnectOne Bancorp from an equal rating to an overweight rating and set a $27.00 price objective for the company in a research note on Tuesday, July 9th. Zacks Investment Research lowered ConnectOne Bancorp from a hold rating to a sell rating in a research note on Monday, August 5th. Finally, ValuEngine raised ConnectOne Bancorp from a strong sell rating to a sell rating in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $25.50.

Shares of ConnectOne Bancorp stock opened at $20.29 on Friday. The company’s 50 day moving average price is $22.25. ConnectOne Bancorp has a 12 month low of $17.07 and a 12 month high of $25.60. The company has a market capitalization of $739.25 million, a price-to-earnings ratio of 9.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.00 and a current ratio of 1.00.

ConnectOne Bancorp (NASDAQ:CNOB) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $47.47 million during the quarter, compared to the consensus estimate of $47.88 million. ConnectOne Bancorp had a net margin of 27.54% and a return on equity of 11.59%. On average, sell-side analysts predict that ConnectOne Bancorp will post 2.21 earnings per share for the current year.

The business also recently disclosed a dividend, which was paid on Friday, August 2nd. Stockholders of record on Monday, July 15th were paid a $0.09 dividend. This is a positive change from ConnectOne Bancorp’s previous dividend of $0.08. The ex-dividend date of this dividend was Friday, July 12th. ConnectOne Bancorp’s dividend payout ratio (DPR) is presently 16.14%.

Large investors have recently bought and sold shares of the company. Quantamental Technologies LLC bought a new stake in shares of ConnectOne Bancorp in the 2nd quarter valued at approximately $34,000. Denali Advisors LLC purchased a new stake in shares of ConnectOne Bancorp in the second quarter worth approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ConnectOne Bancorp by 103.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,787 shares during the period. Bank of Montreal Can raised its holdings in shares of ConnectOne Bancorp by 163.9% in the second quarter. Bank of Montreal Can now owns 4,489 shares of the financial services provider’s stock worth $102,000 after buying an additional 2,788 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of ConnectOne Bancorp by 11.2% in the fourth quarter. Legal & General Group Plc now owns 5,548 shares of the financial services provider’s stock worth $103,000 after buying an additional 561 shares during the period. 61.29% of the stock is owned by institutional investors and hedge funds.

ConnectOne Bancorp Company Profile

ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank, a state chartered bank that provides various commercial banking products and services. The company offers a range of deposit products, including personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts.

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