ConnectOne Bancorp Inc (CNOB) Plan $0.08 Quarterly Dividend

ConnectOne Bancorp Inc (CNOB) Plan $0.08 Quarterly Dividend

ConnectOne Bancorp Inc (NASDAQ:CNOB) declared a quarterly dividend on Tuesday, March 28th. Shareholders of record on Monday, April 17th will be paid a dividend of 0.075 per share by the financial services provider on Monday, May 1st. This represents a $0.30 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Wednesday, April 12th.

Shares of ConnectOne Bancorp (NASDAQ:CNOB) traded up 1.96% on Tuesday, reaching $23.40. 124,767 shares of the company’s stock were exchanged. The company has a market cap of $745.13 million, a price-to-earnings ratio of 23.17 and a beta of 0.93. The firm’s 50-day moving average price is $24.56 and its 200 day moving average price is $22.57. ConnectOne Bancorp has a 12 month low of $15.09 and a 12 month high of $26.65.

ConnectOne Bancorp (NASDAQ:CNOB) last released its quarterly earnings data on Thursday, January 26th. The financial services provider reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.03. ConnectOne Bancorp had a net margin of 18.16% and a return on equity of 9.59%. Equities research analysts predict that ConnectOne Bancorp will post $1.42 EPS for the current fiscal year.

CNOB has been the topic of a number of research reports. Zacks Investment Research upgraded shares of ConnectOne Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, February 21st. Maxim Group upped their price target on shares of ConnectOne Bancorp from $23.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, December 19th.

In other ConnectOne Bancorp news, Chairman Frank Sorrentino III sold 2,140 shares of the stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $24.68, for a total transaction of $52,815.20. Following the transaction, the chairman now owns 555,889 shares in the company, valued at approximately $13,719,340.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William S. Burns sold 1,845 shares of the stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $25.41, for a total transaction of $46,881.45. Following the transaction, the chief financial officer now owns 50,846 shares in the company, valued at approximately $1,291,996.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,535 shares of company stock worth $113,634. 8.30% of the stock is owned by company insiders.

About ConnectOne Bancorp

ConnectOne Bancorp, Inc is a bank holding company of ConnectOne Bank (the Bank), a New Jersey-chartered commercial bank. The Company operates in community bank segment. The Bank offers a range of deposit and loan products, and services to the general public, small and middle-sized businesses, local professionals, and individuals residing, working and conducting business in its trade area.

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