ConnectOne Bancorp, Inc. (NASDAQ:CNOB) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.56 per share.
For the full year, analysts predict revenues of $ 243.47 million, while looking forward to income of $ 1.91 per share.
Previous Quarter Performance
ConnectOne Bancorp, Inc. disclosed income for the second quarter of $ 0.37 per share, from the revenue of $ 60.79 million. The quarterly earnings down 35.09 percent while revenues swell 33.52 percent compared with the same quarter last year.
Street analysts expected ConnectOne Bancorp, Inc. to report income of $ 0.39 per share on revenue of $ 61.30 million for the second quarter. The bottom line results missed street analysts by $ 0.02 or 5.13 percent, at the same time, top line results fell short of analysts by $ 0.51 million or 0.83 percent.
Stock Performance
Shares of ConnectOne Bancorp, Inc. traded low $ -0.42 or -2.72 percent on Wednesday, reaching $ 15.00 with volume of 76.30 thousand shares. ConnectOne Bancorp, Inc. has traded high as $ 15.30 and has cracked $ 14.76 on the downward trend
According to the previous trading day, closing price of $ 15.00, representing a 74.04 % increase from the 52 week low of $ 8.86 and a 41.81 % decrease over the 52 week high of $ 26.50.
The company has a market capital of $ 596.29 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.09 per share on July 30, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 17, 2020 and ex-dividend date on August 14, 2020.
Conference Call
ConnectOne Bancorp, Inc. will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.connectonebank.com
ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank, a state chartered bank that provides various commercial banking products and services. The company offers a range of deposit products, including personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts.
