ConnectOne Bancorp Inc (NASDAQ: CNOB) has reported E.P.S. of $0.41 for its first fiscal quarter (ending March 31) versus $0.60 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.89 compared to $2.87 a year ago.
Recent Price Action
ConnectOne Bancorp Inc (NASDAQ: CNOB) stock closed at $18.46 on 4/25/24 after a large decline of -6.4%. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has risen 2.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CNOB is expected to continue to be a modest Value Builder.
ConnectOne Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. ConnectOne Bancorp has a neutral Power Rating of 57 but a very high Appreciation Score of 87, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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