Weakness Seen in ConnectOne (CNOB): Stock Tanks 59.9% - Tale of the Tape

By
A A A

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).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>



Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

AEROCENTURY CP (ACY): Get Free Report

ASTORIA FINL CP (AF): Free Stock Analysis Report

AMTRUST FIN SVC (AFSI): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ACY , AF , AFSI , CNOB

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

106,679,460
  • $17.03 ▲ 0.47%
101,357,777
  • $38.65 ▼ 5.57%
61,830,117
  • $89.89 ▼ 4.26%
54,116,071
  • $5.11 ▼ 4.49%
50,121,934
  • $101.06 ▲ 0.10%
49,993,927
  • $3.52 ▼ 1.40%
47,717,687
  • $11.44 ▼ 4.67%
44,793,169
  • $99.05 ▼ 0.93%
As of 9/22/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com