ConnectOne Bancorp, Inc. (CNOB) Announces $0.08 Quarterly Dividend
ConnectOne Bancorp, Inc. (NASDAQ:CNOB) declared a quarterly dividend on Monday, October 2nd, NASDAQ reports. Investors of record on Monday, October 16th will be given a dividend of 0.075 per share by the financial services provider on Wednesday, November 1st. This represents a $0.30 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, October 13th.
ConnectOne Bancorp (NASDAQ:CNOB) opened at 24.85 on Tuesday. ConnectOne Bancorp has a one year low of $17.40 and a one year high of $26.65. The company has a market cap of $793.04 million, a P/E ratio of 27.01 and a beta of 0.97. The company has a 50-day moving average of $22.79 and a 200 day moving average of $22.82.
ConnectOne Bancorp (NASDAQ:CNOB) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. ConnectOne Bancorp had a return on equity of 9.37% and a net margin of 16.42%. The firm had revenue of $36.52 million for the quarter, compared to analyst estimates of $36.08 million. Equities research analysts predict that ConnectOne Bancorp will post $1.42 EPS for the current year.
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Separately, BidaskClub upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $27.00.
About ConnectOne Bancorp
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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