ConnectOne Bancorp Inc (Nasdaq:CNOB) Lowers The 52 Week Low

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ConnectOne Bancorp Inc (Nasdaq:CNOB)

December 6th, 2018
ConnectOne Bancorp Inc fell $0.21 Thursday, a 1.12% decline, closing at $18.61. As well as the drop in value, ConnectOne Bancorp Inc hit a new 52 week low of $18.11, breaking the previous low of $18.80 from earlier this month.

CNOB outperformed the rest of the Financials sector which went down only 1.44% today.

Expectations from 3 analysts indicates that ConnectOne Bancorp Inc could increase significantly (58%), while Finbox has calculated (with high uncertainty) a fair value price of $17.70.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector declining 13%.

Communication Services saw the biggest turnaround from its 5-day performance of -0.23%, as it went up 1.04%. Energy and Materials saw turn arounds from their five day positive performance, Energy with a drop of 1.77%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

ConnectOne Bancorp Inc Info

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, time and savings accounts, and NOW accounts. It also provides personal and commercial business loans on a secured and unsecured basis; revolving lines of credit; commercial mortgage loans; residential mortgages on primary and secondary residences; home equity loans; bridge loans; and other personal purpose loans. In addition, the company offers insurance and annuities, and mutual funds; credit cards, wire transfers, and safe deposit boxes; access to automated teller services; and Internet banking, treasury direct, ACH origination, lockbox, mobile banking, and remote deposit capture banking services. It operates through seven banking offices in Bergen County, nine banking offices in Union County, three banking offices in Morris County, one office in Newark in Essex County, one office in West New York in Hudson County, one office in Princeton in Mercer County, and one office in Holmdel in Monmouth County, New Jersey, as well as a branch office in the borough of Manhattan in New York City. ConnectOne Bancorp, Inc. serves small-to-medium sized businesses, high net worth individuals, professional practices, and consumer and retail customers. 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.

All amounts in USD unless otherwise indicated
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