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NASDAQ:CNOB

ConnectOne Bancorp (CNOB) Stock Price, News & Analysis

$24.44
-0.56 (-2.24%)
(As of 09/6/2024 ET)
Today's Range
$24.35
$25.23
50-Day Range
$18.20
$25.31
52-Week Range
$14.51
$25.71
Volume
360,866 shs
Average Volume
178,586 shs
Market Capitalization
$936.86 million
P/E Ratio
12.93
Dividend Yield
2.95%
Price Target
$25.00

ConnectOne Bancorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
2.3% Upside
$25.00 Price Target
Short Interest
Healthy
1.35% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.75
Upright™ Environmental Score
News Sentiment
0.24mentions of ConnectOne Bancorp in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.05%
From $1.76 to $2.06 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.48 out of 5 stars

Finance Sector

115th out of 871 stocks

State Commercial Banks Industry

23rd out of 177 stocks

CNOB stock logo

About ConnectOne Bancorp Stock (NASDAQ:CNOB)

ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking. It provides retirement accounts, consumers and cash management services for business clients, including treasury direct, automated clearing house, remote deposit capture, and digital invoicing. In addition, the company offers consumer and commercial business loans, including lines of credit, commercial and residential mortgages, home equity and bridge loans, and other personal loans; commercial loans secured by collateral, such as business assets comprising accounts receivable, inventory and equipment, and mortgages filed on commercial and residential real estate, as well as cash balances and marketable securities. Further, it provides real estate loans, which includes loans secured by first liens on completed commercial properties, including multi-family properties, to purchase or refinance properties; residential mortgages, such as loans secured by first liens on 1-4 family and condominium; and cooperative residential real estate loans. 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.

CNOB Stock Price History

CNOB Stock News Headlines

“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
ConnectOne Bancorp (NASDAQ:CNOB) Sets New 52-Week High at $25.64
CBM.SG,0P0001KAYY,0 (CBM.SG)
ConnectOne Bancorp earnings: here's what to expect
See More Headlines
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Company Calendar

Last Earnings
7/25/2024
Ex-Dividend for 9/3 Dividend
8/15/2024
Dividend Payable
9/03/2024
Today
9/07/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:CNOB
Employees
520
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$25.00
High Stock Price Target
$28.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+2.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$87 million
Pretax Margin
19.49%

Debt

Sales & Book Value

Annual Sales
$261.94 million
Cash Flow
$2.39 per share
Book Value
$29.02 per share

Miscellaneous

Free Float
35,899,000
Market Cap
$936.86 million
Optionable
Optionable
Beta
1.27

Social Links

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Key Executives

  • Mr. Frank S. Sorrentino IIIMr. Frank S. Sorrentino III (Age 62)
    Chairman, President & CEO
    Comp: $2.08M
  • Mr. William S. Burns (Age 64)
    Senior EVP & CFO
    Comp: $913.29k
  • Mr. Michael O'Malley
    Executive VP & Chief Risk Officer
  • Ms. Elizabeth Magennis (Age 54)
    President of ConnectOne Bank & Director
    Comp: $976.18k
  • Ms. Laura Criscione (Age 55)
    Executive VP, Corporate Secretary & Chief Compliance Officer
    Comp: $498.43k
  • Ms. Siya Vansia
    Senior VP & Chief Brand & Innovation Officer
  • Mr. Michael Rozman
    President of BoeFly Division
  • Mr. Joseph T. Javitz (Age 66)
    First Senior VP & Chief Credit Officer
  • Ms. Dana Zeller
    Chief Strategic Operations Officer
  • Ms. Ali M. Mattera
    Chief Digital Officer

CNOB Stock Analysis - Frequently Asked Questions

How have CNOB shares performed this year?

ConnectOne Bancorp's stock was trading at $22.91 at the beginning of 2024. Since then, CNOB shares have increased by 6.7% and is now trading at $24.44.
View the best growth stocks for 2024 here
.

How were ConnectOne Bancorp's earnings last quarter?

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) released its quarterly earnings data on Thursday, July, 25th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The financial services provider earned $134.41 million during the quarter, compared to the consensus estimate of $64.62 million. ConnectOne Bancorp had a net margin of 14.56% and a trailing twelve-month return on equity of 7.13%.

What is Frank Sorrentino's approval rating as ConnectOne Bancorp's CEO?

45 employees have rated ConnectOne Bancorp Chief Executive Officer Frank Sorrentino on Glassdoor.com. Frank Sorrentino has an approval rating of 91% among the company's employees. This puts Frank Sorrentino in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are ConnectOne Bancorp's major shareholders?

Top institutional investors of ConnectOne Bancorp include Dimensional Fund Advisors LP (5.92%), American Century Companies Inc. (1.65%), The Manufacturers Life Insurance Company (0.84%) and Bank of New York Mellon Corp (0.57%). Insiders that own company stock include Michael W Kempner, Daniel E Rifkin, William Thompson, Stephen T Boswell, Christopher J Ewing, Katherin Nukk-Freeman, Frank Sorrentino III and Joseph Jr Parisi.
View institutional ownership trends
.

How do I buy shares of ConnectOne Bancorp?

Shares of CNOB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ConnectOne Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ConnectOne Bancorp investors own include Exxon Mobil (XOM), AbbVie (ABBV), Frontline (FRO), Altria Group (MO), Pfizer (PFE), AT&T (T) and Delta Air Lines (DAL).

This page (NASDAQ:CNOB) was last updated on 9/7/2024 by MarketBeat.com Staff

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