ConnectOne Bancorp (NASDAQ:CNOB) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

ConnectOne Bancorp (NASDAQ:CNOB) announced its quarterly earnings data on Thursday. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10, Zacks reports. ConnectOne Bancorp had a net margin of 13.56% and a return on equity of 6.71%.

ConnectOne Bancorp Price Performance

NASDAQ:CNOB traded up $1.74 on Thursday, hitting $25.57. The company had a trading volume of 86,787 shares, compared to its average volume of 192,022. ConnectOne Bancorp has a 52 week low of $17.07 and a 52 week high of $29.31. The stock has a market capitalization of $980.93 million, a price-to-earnings ratio of 14.67 and a beta of 1.30. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $24.52 and a two-hundred day moving average of $24.51.

Wall Street Analyst Weigh In

CNOB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of ConnectOne Bancorp from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, November 18th.

About ConnectOne Bancorp

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.