2 weeks Ago By ABMN Staff
ConnectOne Bancorp, Inc. ( NASDAQ:CNOB – Get Free Report ) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 655,700 shares, an increase of 55.
7% from the August 31st total of 421,200 shares. Based on an average daily trading volume, of 215,600 shares, the days-to-cover ratio is currently 3.0 days.
Currently, 1.9% of the company’s shares are short sold. ConnectOne Bancorp Price Performance Shares of CNOB opened at $24.
48 on Friday. The stock has a market cap of $938.39 million, a P/E ratio of 12.
95 and a beta of 1.25. The business’s fifty day moving average is $23.
81 and its 200 day moving average is $20.69. The company has a quick ratio of 1.
01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.
ConnectOne Bancorp has a 12-month low of $14.51 and a 12-month high of $26.53.
ConnectOne Bancorp ( NASDAQ:CNOB – Get Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
40 by $0.06. ConnectOne Bancorp had a net margin of 14.
56% and a return on equity of 7.13%. The firm had revenue of $134.
41 million during the quarter, compared to analysts’ expectations of $64.62 million. During the same period last year, the company earned $0.
51 earnings per share. Sell-side analysts anticipate that ConnectOne Bancorp will post 1.76 earnings per share for the current fiscal year.
ConnectOne Bancorp Dividend Announcement Analyst Ratings Changes A number of research firms recently issued reports on CNOB. Piper Sandler boosted their target price on shares of ConnectOne Bancorp from $22.00 to $25.
00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $26.00 price objective (up previously from $22.
00) on shares of ConnectOne Bancorp in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.
00. Check Out Our Latest Analysis on CNOB Institutional Trading of ConnectOne Bancorp Several institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC boosted its position in shares of ConnectOne Bancorp by 206.
8% during the fourth quarter. Parallel Advisors LLC now owns 1,123 shares of the financial services provider’s stock valued at $26,000 after buying an additional 757 shares during the last quarter. Bryn Mawr Capital Management LLC bought a new position in ConnectOne Bancorp during the 2nd quarter valued at $171,000.
Evergreen Capital Management LLC purchased a new position in ConnectOne Bancorp during the 2nd quarter worth $196,000. Hsbc Holdings PLC grew its stake in shares of ConnectOne Bancorp by 6.7% in the 2nd quarter.
Hsbc Holdings PLC now owns 17,938 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 1,131 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of ConnectOne Bancorp in the first quarter valued at about $381,000.
67.70% of the stock is owned by hedge funds and other institutional investors. About ConnectOne Bancorp ( Get Free Report ) ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market.
The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking. See Also Receive News & Ratings for ConnectOne Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConnectOne Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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