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NASDAQ:CNOB

ConnectOne Bancorp (CNOB) Stock Price, News & Analysis

ConnectOne Bancorp logo
$23.25 +0.06 (+0.26%)
(As of 12/20/2024 05:16 PM ET)

About ConnectOne Bancorp Stock (NASDAQ:CNOB)

Key Stats

Today's Range
$22.93
$23.85
50-Day Range
$23.19
$28.66
52-Week Range
$17.07
$29.31
Volume
647,369 shs
Average Volume
189,062 shs
Market Capitalization
$892.10 million
P/E Ratio
13.36
Dividend Yield
3.10%
Price Target
$28.00
Consensus Rating
Buy

Company Overview

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.

ConnectOne Bancorp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

CNOB MarketRank™: 

ConnectOne Bancorp scored higher than 98% of companies evaluated by MarketBeat, and ranked 29th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ConnectOne Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    ConnectOne Bancorp has only been the subject of 1 research reports in the past 90 days.

  • Read more about ConnectOne Bancorp's stock forecast and price target.
  • Earnings Growth

    Earnings for ConnectOne Bancorp are expected to grow by 27.01% in the coming year, from $1.74 to $2.21 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ConnectOne Bancorp is 13.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.42.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ConnectOne Bancorp is 13.36, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.69.

  • Price to Book Value per Share Ratio

    ConnectOne Bancorp has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.79% of the float of ConnectOne Bancorp has been sold short.
  • Short Interest Ratio / Days to Cover

    ConnectOne Bancorp has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ConnectOne Bancorp has recently decreased by 6.14%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    ConnectOne Bancorp pays a meaningful dividend of 2.81%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    ConnectOne Bancorp does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of ConnectOne Bancorp is 41.38%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, ConnectOne Bancorp will have a dividend payout ratio of 32.58% next year. This indicates that ConnectOne Bancorp will be able to sustain or increase its dividend.

  • Read more about ConnectOne Bancorp's dividend.
  • Percentage of Shares Shorted

    1.79% of the float of ConnectOne Bancorp has been sold short.
  • Short Interest Ratio / Days to Cover

    ConnectOne Bancorp has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ConnectOne Bancorp has recently decreased by 6.14%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    ConnectOne Bancorp has a news sentiment score of 1.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.75 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for ConnectOne Bancorp this week, compared to 2 articles on an average week.
  • Search Interest

    Only 1 people have searched for CNOB on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added ConnectOne Bancorp to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, ConnectOne Bancorp insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 6.35% of the stock of ConnectOne Bancorp is held by insiders.

  • Percentage Held by Institutions

    67.70% of the stock of ConnectOne Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about ConnectOne Bancorp's insider trading history.
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CNOB Stock News Headlines

ConnectOne Bancorp files automatic mixed securities shelf
This is the worst sign for the U.S. stock market in 50 years
The Dow recently posted its worst losing streak since 1974. And one of America's most accurate analysts now says this is just the beginning of a new crisis that could be worse than the COVID crash, the dot-com crash, and even the Great Depression. Introducing "The Dead Zone"
Q3 2024 ConnectOne Bancorp Inc Earnings Call
ConnectOne Bancorp reports Q3 EPS 41c, consensus 44c
See More Headlines

CNOB Stock Analysis - Frequently Asked Questions

ConnectOne Bancorp's stock was trading at $22.91 on January 1st, 2024. Since then, CNOB stock has increased by 1.5% and is now trading at $23.25.
View the best growth stocks for 2024 here
.

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) announced its quarterly earnings results on Thursday, July, 25th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The financial services provider earned $134.41 million during the quarter, compared to analyst estimates of $64.62 million. ConnectOne Bancorp had a trailing twelve-month return on equity of 6.71% and a net margin of 13.56%.

Top institutional shareholders of ConnectOne Bancorp include FMR LLC (7.95%), State Street Corp (2.60%), Geode Capital Management LLC (2.22%) and Wellington Management Group LLP (1.47%). Insiders that own company stock include Michael W Kempner, Daniel E Rifkin, William Thompson, Stephen T Boswell, Christopher J Ewing and Katherin Nukk-Freeman.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that ConnectOne Bancorp investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Adobe (ADBE) and Arista Networks (ANET).

Company Calendar

Last Earnings
7/25/2024
Ex-Dividend for 12/2 Dividend
11/15/2024
Dividend Payable
12/02/2024
Today
12/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:CNOB
Employees
487
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$28.00
High Stock Price Target
$31.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+20.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$87 million
Pretax Margin
18.19%

Debt

Sales & Book Value

Annual Sales
$261.64 million
Cash Flow
$2.14 per share
Book Value
$28.64 per share

Miscellaneous

Free Float
35,934,000
Market Cap
$892.10 million
Optionable
Optionable
Beta
1.27

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This page (NASDAQ:CNOB) was last updated on 12/22/2024 by MarketBeat.com Staff
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