NASDAQ:CNOB

ConnectOne Bancorp Stock Forecast, Price & News

$26.94
+0.24 (+0.90 %)
(As of 06/23/2021 12:00 AM ET)
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Today's Range
$26.94
$26.94
50-Day Range
$25.24
$28.50
52-Week Range
$13.12
$28.72
Volume1 shs
Average Volume147,519 shs
Market Capitalization$1.07 billion
P/E Ratio11.00
Dividend Yield1.64%
Beta1.41
30 days | 90 days | 365 days | Advanced Chart
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ConnectOne Bancorp logo

About ConnectOne Bancorp

ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank, a chartered commercial bank that provides various commercial banking products and services. The company's deposit products include personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts. It also provides consumer and commercial business loans on a secured and unsecured basis; revolving lines of credit; commercial mortgage loans; residential mortgages on primary and secondary residences; home equity loans; bridge loans; other personal purpose loans; and commercial construction and real estate loans. In addition, the company offers insurance, credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, ACH origination, mobile banking by phone, safe deposit box, and remote deposit capture services. It operates through a network of nine banking offices in Bergen County, five banking offices in Union County, two banking offices in Morris County, one office Essex County, one office in Hudson County, one office in Mercer County, one office in Monmouth County, one office in the borough of Manhattan, one office in Nassau County, and one office in Astoria, as well as six branches in the Hudson Valley. ConnectOne Bancorp, Inc. serves small-to-medium sized businesses, high net worth individuals, professional practices, and consumer and retail customers. 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.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.85 out of 5 stars

Finance Sector

329th out of 1,980 stocks

State Commercial Banks Industry

53rd out of 312 stocks

Analyst Opinion: 1.6Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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ConnectOne Bancorp (NASDAQ:CNOB) Frequently Asked Questions

Is ConnectOne Bancorp a buy right now?

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

What stocks does MarketBeat like better than ConnectOne Bancorp?

Wall Street analysts have given ConnectOne Bancorp a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but ConnectOne Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting ConnectOne Bancorp?

ConnectOne Bancorp saw a increase in short interest in May. As of May 28th, there was short interest totaling 448,800 shares, an increase of 18.0% from the May 13th total of 380,400 shares. Based on an average daily trading volume, of 146,800 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.3% of the company's shares are short sold.
View ConnectOne Bancorp's Short Interest
.

When is ConnectOne Bancorp's next earnings date?

ConnectOne Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for ConnectOne Bancorp
.

How were ConnectOne Bancorp's earnings last quarter?

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) released its quarterly earnings results on Wednesday, April, 28th. The financial services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.15. The financial services provider earned $64.59 million during the quarter, compared to the consensus estimate of $64.15 million. ConnectOne Bancorp had a net margin of 30.79% and a trailing twelve-month return on equity of 11.54%.
View ConnectOne Bancorp's earnings history
.

How has ConnectOne Bancorp's stock price been impacted by Coronavirus?

ConnectOne Bancorp's stock was trading at $16.69 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CNOB shares have increased by 60.0% and is now trading at $26.70.
View which stocks have been most impacted by COVID-19
.

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

ConnectOne Bancorp announced a quarterly dividend on Thursday, April 29th. Investors of record on Monday, May 17th will be paid a dividend of $0.11 per share on Tuesday, June 1st. This represents a $0.44 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, May 14th. This is a positive change from ConnectOne Bancorp's previous quarterly dividend of $0.09.
View ConnectOne Bancorp's dividend history
.

Is ConnectOne Bancorp a good dividend stock?

ConnectOne Bancorp pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.64%. ConnectOne Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of ConnectOne Bancorp is 20.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ConnectOne Bancorp will have a dividend payout ratio of 16.30% next year. This indicates that ConnectOne Bancorp will be able to sustain or increase its dividend.
View ConnectOne Bancorp's dividend history.

What price target have analysts set for CNOB?

4 analysts have issued 12-month price targets for ConnectOne Bancorp's shares. Their forecasts range from $19.50 to $28.00. On average, they anticipate ConnectOne Bancorp's share price to reach $24.88 in the next twelve months. This suggests that the stock has a possible downside of 6.8%.
View analysts' price targets for ConnectOne Bancorp
or view top-rated stocks among Wall Street analysts.

Who are ConnectOne Bancorp's key executives?

ConnectOne Bancorp's management team includes the following people:
  • Mr. Frank S. Sorrentino III, Chairman, Pres & CEO (Age 59, Pay $1.63M)
  • Mr. William S. Burns, Exec. VP & CFO (Age 61, Pay $727.53k)
  • Mr. Christopher J. Ewing, Exec. VP & COO (Age 61, Pay $628.78k)
  • Mr. Michael J. McGrover, First Sr. VP & Chief Credit Officer
  • Ms. Elizabeth Magennis, Pres of ConnectOne Bank (Age 51, Pay $728.93k)
  • Ms. Laura Criscione, Exec. VP & Corp. Sec. (Age 52)
  • Ms. Siya Vansia, VP of Marketing
  • Mr. Michael Rozman, Pres of BoeFly Division

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

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

Who are some of ConnectOne Bancorp's key competitors?

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. (7.55%), Dimensional Fund Advisors LP (5.91%), Investment Counselors of Maryland LLC (4.51%), Goldman Sachs Group Inc. (3.80%), Endeavour Capital Advisors Inc. (2.14%) and Rothschild & Co. Asset Management US Inc. (1.70%). Company insiders that own ConnectOne Bancorp stock include Frank Huttle III, Frank W Baier, Katherin Nukk-Freeman, Kevin Rendino, Michael W Kempner, Stephen T Boswell and William Thompson.
View institutional ownership trends for ConnectOne Bancorp
.

Which major investors are selling ConnectOne Bancorp stock?

CNOB stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Northern Trust Corp, Alliancebernstein L.P., Banc Funds Co. LLC, Endeavour Capital Advisors Inc., Citadel Advisors LLC, JPMorgan Chase & Co., and Goldman Sachs Group Inc..
View insider buying and selling activity for ConnectOne Bancorp
or view top insider-selling stocks.

Which major investors are buying ConnectOne Bancorp stock?

CNOB stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Janney Montgomery Scott LLC, Rothschild & Co. Asset Management US Inc., Hennessy Advisors Inc., Investment Counselors of Maryland LLC, EJF Capital LLC, Barclays PLC, and Geode Capital Management LLC. Company insiders that have bought ConnectOne Bancorp stock in the last two years include Frank W Baier, Katherin Nukk-Freeman, Kevin Rendino, Stephen T Boswell, and William Thompson.
View insider buying and selling activity for ConnectOne Bancorp
or or view top insider-buying stocks.

How do I buy shares of ConnectOne Bancorp?

Shares of CNOB 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 $26.70.

How much money does ConnectOne Bancorp make?

ConnectOne Bancorp has a market capitalization of $1.06 billion and generates $322.60 million in revenue each year. The financial services provider earns $71.29 million in net income (profit) each year or $2.13 on an earnings per share basis.

How many employees does ConnectOne Bancorp have?

ConnectOne Bancorp employs 408 workers across the globe.

What is ConnectOne Bancorp's official website?

The official website for ConnectOne Bancorp is www.connectonebank.com.

Where are ConnectOne Bancorp's headquarters?

ConnectOne Bancorp is headquartered at 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ, 07632.

How can I contact ConnectOne Bancorp?

ConnectOne Bancorp's mailing address is 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ, 07632. The financial services provider can be reached via phone at 201-816-8900 or via email at [email protected]


This page was last updated on 6/23/2021 by MarketBeat.com Staff
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