ConnectOne Bancorp Inc (NASDAQ:CNOB) declared a dividend on Wednesday, September 25th, Fidelity reports. Investors of record on Monday, October 14th will be paid a dividend of 0.09 per share by the financial services provider on Friday, November 1st. The ex-dividend date of this dividend is Thursday, October 10th.

ConnectOne Bancorp has a dividend payout ratio of 16.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ConnectOne Bancorp to earn $2.45 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 14.7%.

Shares of NASDAQ CNOB opened at $21.89 on Tuesday. The stock has a 50 day moving average price of $21.43 and a 200 day moving average price of $21.52. ConnectOne Bancorp has a 52 week low of $17.07 and a 52 week high of $23.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $774.93 million, a PE ratio of 9.82 and a beta of 0.95.

ConnectOne Bancorp (NASDAQ:CNOB) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). ConnectOne Bancorp had a net margin of 27.54% and a return on equity of 11.59%. The business had revenue of $47.47 million during the quarter, compared to analyst estimates of $47.88 million. As a group, research analysts forecast that ConnectOne Bancorp will post 2.25 EPS for the current year.

A number of analysts have recently issued reports on the company. BidaskClub raised ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Zacks Investment Research raised ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Stephens raised ConnectOne Bancorp from an “equal” rating to an “overweight” rating and set a $27.00 price objective for the company in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $25.50.

In related news, Director Stephen T. Boswell acquired 10,500 shares of the stock in a transaction on Tuesday, August 20th. The shares were purchased at an average price of $20.47 per share, for a total transaction of $214,935.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank W. Baier acquired 5,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of $19.99 per share, for a total transaction of $99,950.00. Following the purchase, the director now owns 82,233 shares in the company, valued at $1,643,837.67. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 21,519 shares of company stock worth $327,766. 7.58% of the stock is owned by corporate insiders.

ConnectOne Bancorp Company Profile

ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank, a state chartered bank that provides various commercial banking products and services. The company offers a range of deposit products, including personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts.

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Dividend History for ConnectOne Bancorp (NASDAQ:CNOB)

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