ConnectOne Bancorp (CNOB) Getting Somewhat Positive Media Coverage, Analysis Shows
Media stories about ConnectOne Bancorp (NASDAQ:CNOB) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ConnectOne Bancorp earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.7644644188978 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of research firms recently weighed in on CNOB. Piper Jaffray Companies reaffirmed a “buy” rating and set a $30.50 price target on shares of ConnectOne Bancorp in a report on Wednesday. Zacks Investment Research raised shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating and set a $30.00 price objective for the company in a report on Monday, October 30th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $32.00 price objective on shares of ConnectOne Bancorp in a report on Thursday, October 26th. Finally, BidaskClub raised shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $29.50.
Shares of ConnectOne Bancorp (NASDAQ:CNOB) traded up $0.10 during mid-day trading on Friday, reaching $27.10. 79,421 shares of the company’s stock traded hands, compared to its average volume of 112,139. ConnectOne Bancorp has a 52 week low of $18.00 and a 52 week high of $27.40. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.13 and a current ratio of 1.15. The firm has a market cap of $867.61, a price-to-earnings ratio of 16.42 and a beta of 0.97.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.11%. ConnectOne Bancorp’s dividend payout ratio is presently 31.58%.
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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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