ConnectOne Bancorp (CNOB) Projected to Post Earnings on Tuesday

ConnectOne Bancorp (NASDAQ:CNOB - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Tuesday, July 29th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $72.80 million for the quarter.

ConnectOne Bancorp (NASDAQ:CNOB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. ConnectOne Bancorp had a return on equity of 7.05% and a net margin of 14.48%. The firm had revenue of $70.21 million during the quarter, compared to the consensus estimate of $67.90 million. On average, analysts expect ConnectOne Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

ConnectOne Bancorp Price Performance

CNOB opened at $24.93 on Tuesday. ConnectOne Bancorp has a 12-month low of $20.08 and a 12-month high of $29.31. 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 stock has a market capitalization of $959.06 million, a P/E ratio of 13.48 and a beta of 1.10. The stock has a 50-day moving average price of $23.56 and a 200-day moving average price of $23.65.

ConnectOne Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Thursday, May 15th. ConnectOne Bancorp's dividend payout ratio is currently 38.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods cut their target price on ConnectOne Bancorp from $32.00 to $31.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Hovde Group increased their price target on shares of ConnectOne Bancorp from $29.00 to $29.50 and gave the stock an "outperform" rating in a report on Thursday, April 24th.

Institutional Investors Weigh In On ConnectOne Bancorp

Several large investors have recently made changes to their positions in CNOB. Jane Street Group LLC grew its holdings in shares of ConnectOne Bancorp by 374.7% during the first quarter. Jane Street Group LLC now owns 64,537 shares of the financial services provider's stock worth $1,569,000 after purchasing an additional 50,942 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of ConnectOne Bancorp by 7.6% during the first quarter. AQR Capital Management LLC now owns 74,053 shares of the financial services provider's stock worth $1,800,000 after acquiring an additional 5,205 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in ConnectOne Bancorp by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,537 shares of the financial services provider's stock worth $524,000 after purchasing an additional 914 shares in the last quarter. 67.70% of the stock is owned by hedge funds and other institutional investors.

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.

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