Weakness Seen in ConnectOne (CNOB): Stock Tanks 59.9%

Zacks

ConnectOne Bancorp, Inc. (CNOB) saw a big move last session, as the company’s shares fell nearly 60% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CNOB as the stock is now up about 4% in the past one-month time frame.

The provider of financial services has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no change, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

CNOB currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0%.

Some better-ranked stocks in the same sector include AeroCentury Corp. (ACY), Astoria Financial Corporation (AF) and AmTrust Financial Services, Inc. (AFSI). All these stocks hold a Zacks Rank #1 (Strong Buy).

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CONNECTONE BANCORP INC (CNOB): Free Stock Analysis Report

AEROCENTURY CP (ACY): Free Stock Analysis Report

ASTORIA FINANCIAL CORP (AF): Free Stock Analysis Report

AMTRUST FINANCIAL SERVICES INC (AFSI): Free Stock Analysis Report


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