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MarketBeat Week in Review – 5/22 - 5/26
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
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As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
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Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, McCarthy speak on debt crisis, one GOP negotiator says 'thorny issues' remain
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, McCarthy speak on debt crisis, one GOP negotiator says 'thorny issues' remain
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, McCarthy speak on debt crisis, one GOP negotiator says 'thorny issues' remain
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, McCarthy speak on debt crisis, one GOP negotiator says 'thorny issues' remain
NASDAQ:CNOB

ConnectOne Bancorp (CNOB) Stock Forecast, Price & News

$13.94
+0.07 (+0.50%)
(As of 05/26/2023 ET)
Compare
Today's Range
$13.61
$13.98
50-Day Range
$13.49
$18.70
52-Week Range
$13.11
$28.68
Volume
173,511 shs
Average Volume
304,092 shs
Market Capitalization
$546.17 million
P/E Ratio
4.87
Dividend Yield
4.88%
Price Target
$25.25

ConnectOne Bancorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
81.1% Upside
$25.25 Price Target
Short Interest
Healthy
1.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.78
Upright™ Environmental Score
News Sentiment
0.73mentions of ConnectOne Bancorp in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$984,410 Sold Last Quarter
Proj. Earnings Growth
2.54%
From $2.36 to $2.42 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.06 out of 5 stars

Finance Sector

111th out of 903 stocks

State Commercial Banks Industry

38th out of 190 stocks


CNOB stock logo

About ConnectOne Bancorp (NASDAQ:CNOB) Stock

ConnectOne Bancorp, Inc. is a holding company, which engages in the provision of modern financial services. The firm offers commercial, commercial real estate, commercial construction, residential real estate, and consumer loans. The company was founded on November 12, 1982 and is headquartered in Englewood Cliffs, NJ.

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CNOB Stock News Headlines

[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
ConnectOne Bancorp (NASDAQ:CNOB) PT Lowered to $19.00
ConnectOne Bancorp (CNOB) Receives a Buy from KBW
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
8-K: ConnectOne Bancorp, Inc.
Q1 2023 ConnectOne Bancorp Inc Earnings Call
ConnectOne Bancorp (CNOB) to Release Earnings on Thursday
Princeton Bancorp (BPRN) Q1 Earnings Surpass Estimates
See More Headlines
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CNOB Company Calendar

Ex-Dividend for 3/1 Dividend
2/16/2023
Dividend Payable
3/01/2023
Last Earnings
4/27/2023
Ex-Dividend for 6/1 Dividend
5/12/2023
Today
5/27/2023
Dividend Payable
6/01/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:CNOB
Employees
411
Year Founded
2005

Price Target and Rating

Average Stock Price Forecast
$25.25
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+81.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$125.21 million
Pretax Margin
38.34%

Debt

Sales & Book Value

Annual Sales
$386.99 million
Cash Flow
$3.31 per share
Book Value
$27.57 per share

Miscellaneous

Free Float
36,758,000
Market Cap
$546.17 million
Optionable
Optionable
Beta
1.11

Social Links


Key Executives

  • Frank S. Sorrentino
    Chairman, President & Chief Executive Officer
  • Christopher J. Ewing
    Chief Operations Officer & Executive VP
  • William S. Burns
    Chief Financial Officer & Senior Executive VP
  • Michael Omalley
    Chief Risk Officer & Executive Vice President
  • Laura Criscione
    Secretary & Executive Vice President













CNOB Stock - Frequently Asked Questions

Should I buy or sell ConnectOne Bancorp stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ConnectOne Bancorp in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CNOB shares.
View CNOB analyst ratings
or view top-rated stocks.

What is ConnectOne Bancorp's stock price forecast for 2023?

3 analysts have issued 1-year target prices for ConnectOne Bancorp's shares. Their CNOB share price forecasts range from $19.00 to $28.00. On average, they expect the company's share price to reach $25.25 in the next year. This suggests a possible upside of 81.1% from the stock's current price.
View analysts price targets for CNOB
or view top-rated stocks among Wall Street analysts.

How have CNOB shares performed in 2023?

ConnectOne Bancorp's stock was trading at $24.21 on January 1st, 2023. Since then, CNOB shares have decreased by 42.4% and is now trading at $13.94.
View the best growth stocks for 2023 here
.

Are investors shorting ConnectOne Bancorp?

ConnectOne Bancorp saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 495,000 shares, an increase of 9.3% from the April 30th total of 452,700 shares. Based on an average daily volume of 244,800 shares, the short-interest ratio is presently 2.0 days. Currently, 1.4% of the shares of the company are sold short.
View ConnectOne Bancorp's Short Interest
.

When is ConnectOne Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CNOB earnings forecast
.

How were ConnectOne Bancorp's earnings last quarter?

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) issued its quarterly earnings data on Thursday, April, 27th. The financial services provider reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.72 by $0.13. The financial services provider earned $69.88 million during the quarter, compared to analysts' expectations of $79.90 million. ConnectOne Bancorp had a net margin of 28.02% and a trailing twelve-month return on equity of 11.26%.

How often does ConnectOne Bancorp pay dividends? What is the dividend yield for ConnectOne Bancorp?

ConnectOne Bancorp announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Monday, May 15th will be paid a dividend of $0.17 per share on Thursday, June 1st. This represents a $0.68 annualized dividend and a yield of 4.88%. The ex-dividend date is Friday, May 12th. This is a boost from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for CNOB
.

Is ConnectOne Bancorp a good dividend stock?

ConnectOne Bancorp (NASDAQ:CNOB) pays an annual dividend of $0.68 per share and currently has a dividend yield of 4.90%. CNOB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNOB will have a dividend payout ratio of 28.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNOB.

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.

What other stocks do shareholders of ConnectOne Bancorp own?

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

What is ConnectOne Bancorp's stock symbol?

ConnectOne Bancorp trades on the NASDAQ under the ticker symbol "CNOB."

Who are ConnectOne Bancorp's major shareholders?

ConnectOne Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.08%), Dimensional Fund Advisors LP (6.79%), American Century Companies Inc. (4.25%), William Blair Investment Management LLC (2.88%), FMR LLC (2.71%) and State Street Corp (2.58%). Insiders that own company stock include Christopher J Ewing, Frank Huttle III, Frank Sorrentino III, Joseph Jr Parisi, Katherin Nukk-Freeman, Michael W Kempner, Stephen T Boswell and William Thompson.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is ConnectOne Bancorp's stock price today?

One share of CNOB stock can currently be purchased for approximately $13.94.

How much money does ConnectOne Bancorp make?

ConnectOne Bancorp (NASDAQ:CNOB) has a market capitalization of $546.17 million and generates $386.99 million in revenue each year. The financial services provider earns $125.21 million in net income (profit) each year or $2.86 on an earnings per share basis.

How many employees does ConnectOne Bancorp have?

The company employs 411 workers across the globe.

How can I contact ConnectOne Bancorp?

ConnectOne Bancorp's mailing address is 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ, 07632. The official website for the company is www.connectonebank.com. The financial services provider can be reached via phone at (201) 816-8900, via email at bburns@cnob.com, or via fax at 908-810-7304.

This page (NASDAQ:CNOB) was last updated on 5/27/2023 by MarketBeat.com Staff

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