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ConnectOne Bancorp Stock Price, News & Analysis (NASDAQ:CNOB)

$21.05
+0.35 (+1.69%)
(As of 12:36 PM ET)
Compare
Today's Range
$20.96
$21.54
50-Day Range
$15.73
$20.93
52-Week Range
$13.11
$26.12
Volume
33,664 shs
Average Volume
191,337 shs
Market Capitalization
$812.74 million
P/E Ratio
8.77
Dividend Yield
3.23%
Price Target
$24.80

ConnectOne Bancorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
16.3% Upside
$24.80 Price Target
Short Interest
Healthy
0.99% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.98
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$151,600 Bought Last Quarter
Proj. Earnings Growth
-8.70%
From $2.07 to $1.89 Per Share

Overall MarketRank

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

2.34 out of 5 stars

Finance Sector

225th out of 757 stocks

State Commercial Banks Industry

39th out of 153 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 also 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

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
ConnectOne: An Undervalued Regional Bank
Positive Report for ConnectOne Bancorp (CNOB) from Raymond James
ConnectOne Bancorp (NASDAQ: CNOB)
CNOBP ConnectOne Bancorp, Inc. 5.25 DP RT PFD A
See More Headlines
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Company Calendar

Last Earnings
10/26/2023
Ex-Dividend for 12/1 Dividend
11/14/2023
Dividend Payable
12/01/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/25/2024

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:CNOB
Employees
507
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$24.80
High Stock Price Target
$28.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+19.8%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 Analysts

Profitability

Net Income
$125.21 million
Pretax Margin
28.01%

Debt

Sales & Book Value

Annual Sales
$386.99 million
Cash Flow
$3.26 per share
Book Value
$27.21 per share

Miscellaneous

Free Float
36,066,000
Market Cap
$799.23 million
Optionable
Optionable
Beta
1.26

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Key Executives

  • Mr. Frank S. Sorrentino IIIMr. Frank S. Sorrentino III (Age 61)
    Chairman, President & CEO
    Comp: $2.08M
  • Mr. William S. Burns (Age 63)
    Senior EVP & CFO
    Comp: $913.29k
  • Mr. Christopher J. Ewing (Age 63)
    Executive Officer
    Comp: $687.92k
  • Mr. Michael O'Malley
    Executive VP & Chief Risk Officer
  • Ms. Elizabeth Magennis (Age 53)
    President of ConnectOne Bank & Director
    Comp: $976.18k
  • Ms. Laura Criscione (Age 54)
    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 65)
    First Senior VP & Chief Credit Officer
  • Ms. Dana Zeller
    Chief Strategic Operations Officer














CNOB Stock Analysis - Frequently Asked Questions

Should I buy or sell ConnectOne Bancorp stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ConnectOne Bancorp in the last year. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 target for 2024?

4 brokers have issued twelve-month price targets for ConnectOne Bancorp's stock. Their CNOB share price targets range from $21.00 to $28.00. On average, they predict the company's share price to reach $24.80 in the next year. This suggests a possible upside of 16.3% 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 at the start of the year. Since then, CNOB shares have decreased by 11.9% and is now trading at $21.32.
View the best growth stocks for 2023 here
.

Are investors shorting ConnectOne Bancorp?

ConnectOne Bancorp saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 356,000 shares, an increase of 18.6% from the October 31st total of 300,100 shares. Based on an average daily trading volume, of 107,800 shares, the short-interest ratio is currently 3.3 days. Currently, 1.0% of the shares of the company are short sold.
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, January 25th 2024.
View our CNOB earnings forecast
.

How were ConnectOne Bancorp's earnings last quarter?

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) released its earnings results on Thursday, October, 26th. The financial services provider reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by $0.01. The financial services provider had revenue of $65.92 million for the quarter, compared to analyst estimates of $67.54 million. ConnectOne Bancorp had a trailing twelve-month return on equity of 9.30% and a net margin of 20.60%.

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

ConnectOne Bancorp declared a quarterly dividend on Thursday, October 26th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.17 per share on Friday, December 1st. This represents a $0.68 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Tuesday, November 14th.
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 3.25%. 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 28.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNOB will have a dividend payout ratio of 35.98% 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).

Who are ConnectOne Bancorp's major shareholders?

ConnectOne Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (9.07%), JPMorgan Chase & Co. (3.51%), Northern Trust Corp (1.09%), Charles Schwab Investment Management Inc. (1.03%), American Century Companies Inc. (0.98%) and The Manufacturers Life Insurance Company (0.98%). Insiders that own company stock include Christopher J Ewing, Daniel E Rifkin, 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.

This page (NASDAQ:CNOB) was last updated on 12/6/2023 by MarketBeat.com Staff

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