ConnectOne Bancorp, Inc. (NASDAQ:CNOB) announced a quarterly dividend on Wednesday, July 5th, NASDAQ reports. Investors of record on Monday, July 17th will be paid a dividend of 0.075 per share by the financial services provider on Tuesday, August 1st. This represents a $0.30 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, July 13th.
Shares of ConnectOne Bancorp (NASDAQ CNOB) traded down 1.34% during mid-day trading on Friday, reaching $22.15. The company had a trading volume of 116,950 shares. ConnectOne Bancorp has a 12-month low of $16.43 and a 12-month high of $26.65. The firm has a market capitalization of $706.63 million, a PE ratio of 21.18 and a beta of 0.97. The stock has a 50 day moving average price of $22.79 and a 200 day moving average price of $23.64.
ConnectOne Bancorp (NASDAQ:CNOB) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $36.14 million during the quarter, compared to analysts’ expectations of $35.64 million. ConnectOne Bancorp had a return on equity of 9.27% and a net margin of 18.56%. On average, equities analysts forecast that ConnectOne Bancorp will post $1.42 earnings per share for the current year.
A number of equities analysts recently commented on CNOB shares. Keefe, Bruyette & Woods set a $33.00 price target on ConnectOne Bancorp and gave the company a “buy” rating in a research note on Tuesday, April 4th. Zacks Investment Research lowered ConnectOne Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, April 28th.
In related news, Director Frank W. Baier acquired 5,000 shares of the stock in a transaction dated Thursday, June 1st. The stock was acquired at an average cost of $21.80 per share, with a total value of $109,000.00. Following the purchase, the director now directly owns 71,891 shares of the company’s stock, valued at $1,567,223.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Christopher J. Ewing sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $22.67, for a total value of $47,607.00. Following the completion of the sale, the chief operating officer now directly owns 9,922 shares of the company’s stock, valued at $224,931.74. The disclosure for this sale can be found here. Insiders sold a total of 9,783 shares of company stock valued at $214,562 over the last ninety days. Corporate insiders own 7.63% of the company’s stock.
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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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