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ConnectOne Bancorp, Inc is currently in a long term uptrend where the price is trading 8.9% above its 200 day moving average.
From a valuation standpoint, the stock is 55.9% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 4.0.
ConnectOne Bancorp, Inc's total revenue rose by 30.5% to $65M since the same quarter in the previous year.
Its net income has increased by 23.4% to $26M since the same quarter in the previous year.
Finally, its free cash flow fell by 456.7% to $-20M since the same quarter in the previous year.
Based on the above factors, ConnectOne Bancorp, Inc gets an overall score of 4/5.
Exchange | NASDAQ |
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CurrencyCode | USD |
ISIN | US20786W1071 |
Sector | Financial Services |
Industry | Banks - Regional |
Target Price | 29.5 |
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Dividend Yield | 3.0% |
Market Cap | 947M |
PE Ratio | 13.38 |
Beta | 1.11 |
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 United States. 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. It also provides retirement accounts, consumers and cash management services for business clients, including treasury direct, automated clearing house, remote deposit capture, and digital invoicing. In addition, the company offers consumer and commercial business loans, including lines of credit, commercial and residential mortgages, home equity and bridge loans, and other personal loans; commercial loans secured by collateral, such as business assets comprising accounts receivable, inventory and equipment, and mortgages filed on commercial and residential real estate, as well as cash balances and marketable securities. Further, the company provides real estate loans, which includes loans secured by first liens on completed commercial properties, including multi-family properties, to purchase or refinance properties; residential mortgages, such as loans secured by first liens on 1-4 family and condominium; and cooperative residential real estate loans. The company was formerly known as Center Bancorp, Inc. and changed its name to ConnectOne Bancorp, Inc. in July 2014. ConnectOne Bancorp, Inc. was incorporated in 1982 and is headquartered in Englewood Cliffs, New Jersey.
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