ConnectOne Bancorp (CNOB) Downgraded by BidaskClub to Buy
BidaskClub cut shares of ConnectOne Bancorp (NASDAQ:CNOB) from a strong-buy rating to a buy rating in a report published on Tuesday.
Other equities research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reissued a buy rating and set a $32.00 price target on shares of ConnectOne Bancorp in a research report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a buy rating and issued a $29.00 target price on shares of ConnectOne Bancorp in a research report on Thursday, October 12th. Finally, Zacks Investment Research raised shares of ConnectOne Bancorp from a sell rating to a hold rating and set a $30.00 target price for the company in a research report on Monday, October 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $30.38.
Shares of ConnectOne Bancorp (CNOB) traded up $0.35 on Tuesday, hitting $26.75. 97,900 shares of the company traded hands, compared to its average volume of 132,967. The company has a market capitalization of $845.20, a P/E ratio of 16.00 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.10. ConnectOne Bancorp has a 12 month low of $21.04 and a 12 month high of $28.20.
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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