ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Declares $0.08 Quarterly Dividend

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.

Dividend History for ConnectOne Bancorp (NASDAQ:CNOB)

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