ConnectOne Bancorp (CNOB) Receives Daily News Sentiment Score of 0.16
News articles about ConnectOne Bancorp (NASDAQ:CNOB) have been trending somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog 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 media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.5223849498454 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, BidaskClub upgraded ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. ConnectOne Bancorp currently has a consensus rating of “Hold” and a consensus price target of $27.00.
ConnectOne Bancorp (NASDAQ:CNOB) opened at 22.05 on Tuesday. The stock has a market capitalization of $703.68 million, a PE ratio of 23.97 and a beta of 0.97. The company’s 50-day moving average price is $22.58 and its 200 day moving average price is $22.99. ConnectOne Bancorp has a 12 month low of $17.40 and a 12 month high of $26.65.
ConnectOne Bancorp (NASDAQ:CNOB) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. ConnectOne Bancorp had a return on equity of 9.37% and a net margin of 16.42%. The company had revenue of $36.52 million during the quarter, compared to analysts’ expectations of $36.08 million. On average, analysts forecast that ConnectOne Bancorp will post $1.42 earnings per share for the current fiscal year.
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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