ConnectOne Bancorp Inc (NASDAQ: CNOB) is -5.89% lower on its value in year-to-date trading and has touched a low of $17.07 and a high of $29.31 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CNOB stock was last observed hovering at around $21.40 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $21.56, the stock is -5.09% and -10.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 0.75% at the moment leaves the stock -11.02% off its SMA200. CNOB registered 20.38% gain for a year compared to 6-month loss of -18.55%. The firm has a 50-day simple moving average (SMA 50) of $24.0896 and a 200-day simple moving average (SMA200) of $24.22915.
The stock witnessed a -10.20% gain in the last 1 month and extending the period to 3 months gives it a -5.31%, and is 1.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.91% over the week and 4.61% over the month.
ConnectOne Bancorp Inc (CNOB) has around 493 employees, a market worth around $829.42M and $534.62M in sales. Current P/E ratio is 12.28 and Fwd P/E is 6.74. Profit margin for the company is 12.64%. Distance from 52-week low is 26.30% and -26.44% from its 52-week high. The company has generated returns on investments over the last 12 months (4.96%).
with sales reaching $68.67M over the same period.The EPS is expected to shrink by -26.28% this year, but quarterly earnings will post 46.93% year-over-year. Quarterly sales are estimated to grow 13.89% in year-over-year returns.
222.0 institutions hold shares in ConnectOne Bancorp Inc (CNOB), with institutional investors hold 77.12% of the company’s shares. The shares outstanding are 38.37M, and float is at 35.26M with Short Float at 2.83%. Institutions hold 72.31% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.28 million shares valued at $80.88 million. The investor’s holdings represent 11.1734 of the CNOB Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 3.45 million shares valued at $65.1 million to account for 8.9933 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 2.27 million shares representing 5.9185 and valued at over $42.84 million, while VANGUARD GROUP INC holds 5.7007 of the shares totaling 2.18 million with a market value of $41.26 million.
