EPS for Forward Air (FWRD) Expected At $0.62; Fj Capital Management Decreased Connectone Bancorp New (CNOB) Position

January 14, 2018 - By whatsonthorold

Fj Capital Management Llc decreased Connectone Bancorp Inc New (CNOB) stake by 16.26% reported in 2017Q3 SEC filing. Fj Capital Management Llc sold 43,700 shares as Connectone Bancorp Inc New (CNOB)’s stock declined 14.99%. The Fj Capital Management Llc holds 225,000 shares with $5.53 million value, down from 268,700 last quarter. Connectone Bancorp Inc New now has $912.44 million valuation. The stock decreased 0.35% or $0.1 during the last trading session, reaching $28.5. About 103,953 shares traded. ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has risen 37.35% since January 14, 2017 and is uptrending. It has outperformed by 20.65% the S&P500.

Analysts expect Forward Air Corporation (NASDAQ:FWRD) to report $0.62 EPS on February, 14.They anticipate $0.04 EPS change or 6.90% from last quarter’s $0.58 EPS. FWRD’s profit would be $18.46 million giving it 24.40 P/E if the $0.62 EPS is correct. After having $0.60 EPS previously, Forward Air Corporation’s analysts see 3.33% EPS growth. The stock increased 0.08% or $0.05 during the last trading session, reaching $60.52. About 255,581 shares traded or 72.33% up from the average. Forward Air Corporation (NASDAQ:FWRD) has risen 16.39% since January 14, 2017 and is uptrending. It has underperformed by 0.31% the S&P500.

Investors sentiment decreased to 1.57 in 2017 Q3. Its down 0.10, from 1.67 in 2017Q2. It turned negative, as 8 investors sold CNOB shares while 29 reduced holdings. 14 funds opened positions while 44 raised stakes. 21.22 million shares or 0.04% less from 21.23 million shares in 2017Q2 were reported. Strs Ohio has 0% invested in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) for 33,300 shares. Hennessy Advsr reported 250,000 shares. Envestnet Asset Management has invested 0% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Deutsche Natl Bank Ag reported 0% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). California State Teachers Retirement System has 0% invested in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Sg Americas Securities Lc owns 4,543 shares. Nationwide Fund Advisors invested in 21,680 shares. Benchmark Capital Advsr reported 8,206 shares. Howe & Rusling Inc holds 100 shares or 0% of its portfolio. Metropolitan Life Insurance stated it has 19,614 shares or 0% of all its holdings. Buckhead Capital Llc owns 9,415 shares. Quantitative Systematic Strategies Llc stated it has 18,463 shares. Mendon Cap Advisors owns 172,571 shares for 0.36% of their portfolio. Systematic Financial Mgmt Limited Partnership holds 0.01% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) for 27,335 shares. Highlander Capital Mngmt Ltd Liability Com holds 0.13% or 6,602 shares.

Among 5 analysts covering Connectone Bancorp (NASDAQ:CNOB), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Connectone Bancorp had 10 analyst reports since July 29, 2015 according to SRatingsIntel. As per Wednesday, September 6, the company rating was maintained by Keefe Bruyette & Woods. The stock of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) earned “Overweight” rating by Piper Jaffray on Monday, March 7. Maxim Group maintained the shares of CNOB in report on Monday, December 19 with “Buy” rating. The stock of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The stock of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, July 27. The company was maintained on Thursday, November 17 by FBR Capital. The company was initiated on Tuesday, December 15 by Maxim Group. The rating was upgraded by Zacks on Monday, August 10 to “Sell”.

Analysts await ConnectOne Bancorp, Inc. (NASDAQ:CNOB) to report earnings on January, 25. They expect $0.40 EPS, 0.00% or $0.00 from last year’s $0.4 per share. CNOB’s profit will be $12.81M for 17.81 P/E if the $0.40 EPS becomes a reality. After $0.46 actual EPS reported by ConnectOne Bancorp, Inc. for the previous quarter, Wall Street now forecasts -13.04% negative EPS growth.

Fj Capital Management Llc increased Western New Eng Bancorp Inc stake by 82,600 shares to 328,000 valued at $3.58M in 2017Q3. It also upped Equity Bancshares Inc stake by 104,200 shares and now owns 660,000 shares. Old Line Bancshares Inc (NASDAQ:OLBK) was raised too.

Among 9 analysts covering Forward Air (NASDAQ:FWRD), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Forward Air had 25 analyst reports since July 24, 2015 according to SRatingsIntel. Cowen & Co maintained Forward Air Corporation (NASDAQ:FWRD) on Thursday, February 11 with “Market Perform” rating. Robert W. Baird maintained the stock with “Hold” rating in Thursday, October 5 report. On Monday, September 11 the stock rating was maintained by Cowen & Co with “Hold”. On Thursday, July 23 the stock rating was maintained by Cowen & Co with “Market Perform”. On Tuesday, November 17 the stock rating was upgraded by Robert W. Baird to “Outperform”. The stock of Forward Air Corporation (NASDAQ:FWRD) earned “Market Perform” rating by Cowen & Co on Friday, October 21. RBC Capital Markets maintained it with “Sector Perform” rating and $43 target in Thursday, February 11 report. On Monday, October 30 the stock rating was maintained by Cowen & Co with “Hold”. Stifel Nicolaus maintained Forward Air Corporation (NASDAQ:FWRD) rating on Thursday, October 26. Stifel Nicolaus has “Hold” rating and $52 target. Cowen & Co maintained the shares of FWRD in report on Friday, October 23 with “Market Perform” rating.

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics firm in the United State and Canada. The company has market cap of $1.80 billion. The firm operates through four divisions: Expedited LTL, Truckload Premium Services , Intermodal, and Pool Distribution. It has a 28.55 P/E ratio. The Expedited LTL segment provides expedited regional, inter-regional, and national less-than-truckload services, as well as local pick-up and delivery services.

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