ConnectOne Story

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ConnectOne Bancorp is scheduled to announce its earnings today. The next earnings report is expected on the 22nd of October 2020. As many retail investors are getting excited about financial services space, it is fair to go over ConnectOne Bancorp outlook under the current economic conditions. What exactly are ConnectOne Bancorp shareholders getting in August?
Published over a month ago
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Our current take on ConnectOne (NASDAQ:CNOB) analyst consensus
ConnectOne Bancorp is UNDERVALUED at 16.39 per share with modest projections ahead. Our trade advice tool can cross-verify current analyst consensus on ConnectOne Bancorp and to analyze the company potential to grow in the current economic cycle.

What is happening with ConnectOne Bancorp this year

Annual and quarterly reports issued by ConnectOne Bancorp are formal financial statements that are published yearly and quarterly and sent to ConnectOne stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the Securities and Exchange Commission (SEC) for businesses owned by the public since 1934. Companies such as ConnectOne Bancorp often view their annual report as an effective marketing tool to disseminate their perspective on company future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.

How ConnectOne utilizes its cash?

To perform a cash flow analysis of ConnectOne Bancorp, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash ConnectOne Bancorp is receiving and how much cash it distributes out in a given period. The ConnectOne Bancorp cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. ConnectOne Bancorp Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 60.69 Million

ConnectOne Bancorp exotic insider transaction detected

Legal trades by ConnectOne Bancorp insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
ConnectOne insider trading alert for general transaction of common stock by Frank Huttle, the corporate stakeholder, on 18th of June 2020. This event was filed by Connectone Bancorp Inc with SEC on 2020-06-18. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Is ConnectOne a risky opportunity?

Let's check the volatility. ConnectOne is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind ConnectOne (NASDAQ:CNOB) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. taking in a share of a ConnectOne Bancorp stock makes you a part-owner of that company.

ConnectOne Bancorp Current Consensus

Here is the current trade recommendation based on an ongoing consensus estimate among financial analysis covering ConnectOne Bancorp. The ConnectOne consensus assessment is calculated by taking the average estimates from all of the analysts covering ConnectOne Bancorp

Strong Buy
2
Buy
1
Strong Buy266.67
Buy133.33
Hold00.0
Sell00.0
Strong Sell00.0

Momentum Analysis of ConnectOne Bancorp suggests possible reversal in August

ConnectOne Bancorp current potential upside builds up over 9.45. As of the 30th of July, ConnectOne Bancorp shows the Mean Deviation of 4.24, risk adjusted performance of 0.0521, and Downside Deviation of 4.84. ConnectOne Bancorp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for ConnectOne Bancorp, which can be compared to its rivals. Please confirm ConnectOne Bancorp maximum drawdown, and the relationship between the information ratio and downside variance to decide if ConnectOne Bancorp is priced correctly, providing market reflects its regular price of 14.19 per share. Given that ConnectOne Bancorp has jensen alpha of (0.23), we suggest you to validate ConnectOne Bancorp's prevailing market performance to make sure the company can sustain itself at a future point.

Our Final Take On ConnectOne Bancorp

Whereas many of the other players within the banks?regional industry are still a little expensive, even after the recent corrections, ConnectOne Bancorp may offer a potential longer-term growth to investors. The inconsistency in the assessment between current ConnectOne valuation and our trade advice on ConnectOne Bancorp is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to ConnectOne Bancorp.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of ConnectOne Bancorp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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