ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Announces Quarterly Dividend of $0.20

by · The Cerbat Gem

ConnectOne Bancorp, Inc. (NASDAQ:CNOB – Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.1950 per share by the financial services provider on Tuesday, December 1st. This represents a $0.78 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 13th.

ConnectOne Bancorp has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 4 years. ConnectOne Bancorp has a payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Analysts expect ConnectOne Bancorp to earn $3.69 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 21.1%.

ConnectOne Bancorp Trading Up 6.3%

CNOB stock traded up $1.94 during mid-day trading on Thursday, reaching $32.82. 688,966 shares of the stock traded hands, compared to its average volume of 371,178. ConnectOne Bancorp has a 52-week low of $23.20 and a 52-week high of $34.14. The stock’s fifty day moving average is $31.31 and its 200-day moving average is $31.14. The company has a market cap of $1.65 billion, a P/E ratio of 10.76 and a beta of 1.08. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.61.

ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.10. ConnectOne Bancorp had a return on equity of 11.24% and a net margin of 20.21%. The business had revenue of $127.23 million for the quarter, compared to the consensus estimate of $125.36 million. As a group, sell-side analysts expect that ConnectOne Bancorp will post 3.35 earnings per share for the current year.

Trending Headlines about ConnectOne Bancorp

Here are the key news stories impacting ConnectOne Bancorp this week:

  • Positive Sentiment: ConnectOne reported third-quarter adjusted earnings of $0.95 per share, beating the $0.85 analyst consensus and increasing from $0.70 a year earlier. Reported revenue of $127.23 million also exceeded the $125.36 million estimate. ConnectOne Bancorp Q3 Earnings Report
  • Positive Sentiment: Management highlighted accelerating operating performance: the pre-provision net revenue ratio surpassed 2%, operating return on tangible common equity topped 15%, and net interest margin expanded to 3.44%. These measures suggest improved core banking profitability. ConnectOne Third Quarter 2026 Results
  • Positive Sentiment: The bank’s balance-sheet restructuring and repositioning supported 11% sequential annualized growth in both total loans and average client deposits, pointing to stronger lending activity and funding growth.
  • Positive Sentiment: ConnectOne declared a quarterly cash dividend of $0.195 per share, or $0.78 annualized, representing an approximately 2.4% yield. The dividend is payable December 1 to shareholders of record November 13. ConnectOne Cash Dividend Announcement
  • Neutral Sentiment: Net income available to common shareholders declined to $29.9 million from $40.2 million in the prior quarter and $39.5 million a year earlier, making the quality and sustainability of the earnings improvement an important consideration for investors. ConnectOne Q3 Earnings Snapshot
  • Negative Sentiment: One earnings flash cited third-quarter revenue of $102.8 million versus a $125.4 million FactSet estimate, indicating that revenue definitions or adjustments may differ across reports and could create uncertainty around the quarter’s top-line performance. ConnectOne Q3 Revenue Earnings Flash

ConnectOne Bancorp Company Profile

(Get Free Report)

ConnectOne Bancorp, Inc is the parent company of ConnectOne Bank, a full-service commercial bank headquartered in Englewood Cliffs, New Jersey. The bank primarily serves businesses, entrepreneurs, professionals, nonprofit organizations and individuals in the New York metropolitan area and surrounding communities.

ConnectOne Bank provides a range of commercial and personal banking products, including checking and savings accounts, certificates of deposit, commercial and industrial loans, commercial real estate financing, construction loans, residential mortgage loans and consumer lending.

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