Somewhat Positive Press Coverage Somewhat Unlikely to Affect ConnectOne Bancorp (CNOB) Stock Price
News headlines about ConnectOne Bancorp (NASDAQ:CNOB) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ConnectOne Bancorp earned a news impact score of 0.22 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 44.4839270315802 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s analysis:
- What You Must Know About ConnectOne Bancorp Inc’s (NASDAQ:CNOB) 7.64% ROE (finance.yahoo.com)
- Citadel Advisors LLC Has $1.51 Million Holdings in ConnectOne Bancorp Inc (CNOB) (americanbankingnews.com)
- Cortina Asset Management LLC Sells 22,518 Shares of ConnectOne Bancorp Inc (CNOB) (americanbankingnews.com)
- ConnectOne Bancorp’s (CNOB) “Buy” Rating Reiterated at Keefe, Bruyette & Woods (americanbankingnews.com)
- Pacific Ridge Capital Partners LLC Acquires 1,940 Shares of ConnectOne Bancorp Inc (CNOB) (americanbankingnews.com)
Several research firms recently weighed in on CNOB. ValuEngine upgraded shares of ConnectOne Bancorp from a “hold” rating to a “buy” rating in a report on Thursday. BidaskClub lowered shares of ConnectOne Bancorp from a “buy” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods restated a “buy” rating and set a $36.00 target price on shares of ConnectOne Bancorp in a report on Tuesday. Finally, Zacks Investment Research lowered shares of ConnectOne Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. ConnectOne Bancorp presently has an average rating of “Buy” and an average price target of $31.83.
ConnectOne Bancorp (NASDAQ:CNOB) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.11. ConnectOne Bancorp had a net margin of 22.80% and a return on equity of 10.30%. The firm had revenue of $41.83 million for the quarter, compared to analyst estimates of $39.55 million. equities analysts expect that ConnectOne Bancorp will post 2.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Monday, January 15th were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.30 dividend on an annualized basis and a yield of 1.01%. ConnectOne Bancorp’s dividend payout ratio is currently 22.22%.
In other ConnectOne Bancorp news, CFO William S. Burns sold 941 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $28.60, for a total value of $26,912.60. Following the transaction, the chief financial officer now owns 53,204 shares in the company, valued at approximately $1,521,634.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank Sorrentino III sold 5,848 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $26.49, for a total transaction of $154,913.52. Following the completion of the transaction, the chief executive officer now owns 560,562 shares in the company, valued at approximately $14,849,287.38. The disclosure for this sale can be found here. Insiders sold a total of 14,131 shares of company stock worth $382,547 in the last quarter. 7.63% of the stock is currently owned by company insiders.
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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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