NASDAQ:CNOB ConnectOne Bancorp (CNOB) Stock Forecast, Price & News $13.94 +0.07 (+0.50%) (As of 05/26/2023 ET) Add Compare Share Share Today's Range$13.61▼$13.9850-Day Range$13.49▼$18.7052-Week Range$13.11▼$28.68Volume173,511 shsAverage Volume304,092 shsMarket Capitalization$546.17 millionP/E Ratio4.87Dividend Yield4.88%Price Target$25.25 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability ConnectOne Bancorp MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside81.1% Upside$25.25 Price TargetShort InterestHealthy1.36% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.78Upright™ Environmental ScoreNews Sentiment0.73Based on 4 Articles This WeekInsider TradingSelling Shares$984,410 Sold Last QuarterProj. Earnings Growth2.54%From $2.36 to $2.42 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector111th out of 903 stocksState Commercial Banks Industry38th out of 190 stocks 3.3 Analyst's Opinion Consensus RatingConnectOne Bancorp has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $25.25, ConnectOne Bancorp has a forecasted upside of 81.1% from its current price of $13.94.Amount of Analyst CoverageConnectOne Bancorp has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.36% of the float of ConnectOne Bancorp has been sold short.Short Interest Ratio / Days to CoverConnectOne Bancorp has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in ConnectOne Bancorp has recently increased by 9.34%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipConnectOne Bancorp is a leading dividend payer. It pays a dividend yield of 4.90%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthConnectOne Bancorp has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of ConnectOne Bancorp is 23.78%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, ConnectOne Bancorp will have a dividend payout ratio of 28.10% next year. This indicates that ConnectOne Bancorp will be able to sustain or increase its dividend. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreConnectOne Bancorp has received a 22.05% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Home equity loans", "Development loans for corporations", "Wire transfer services", "Online banking", and "Consumer savings accounts provided by brick and mortar banks" products. See details.Environmental SustainabilityThe Environmental Impact score for ConnectOne Bancorp is -0.78. Previous Next 3.2 News and Social Media Coverage News SentimentConnectOne Bancorp has a news sentiment score of 0.73. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for ConnectOne Bancorp this week, compared to 1 article on an average week.Search Interest3 people have searched for CNOB on MarketBeat in the last 30 days. MarketBeat Follows1 people have added ConnectOne Bancorp to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, ConnectOne Bancorp insiders have sold 351.64% more of their company's stock than they have bought. Specifically, they have bought $217,963.00 in company stock and sold $984,410.00 in company stock.Percentage Held by InsidersOnly 6.18% of the stock of ConnectOne Bancorp is held by insiders.Percentage Held by Institutions67.46% of the stock of ConnectOne Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for ConnectOne Bancorp are expected to grow by 2.54% in the coming year, from $2.36 to $2.42 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ConnectOne Bancorp is 4.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.27.Price to Earnings Ratio vs. SectorThe P/E ratio of ConnectOne Bancorp is 4.87, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 155.50.Price to Book Value per Share RatioConnectOne Bancorp has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About ConnectOne Bancorp (NASDAQ:CNOB) StockConnectOne 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.Read More Receive CNOB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for ConnectOne Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address CNOB Stock News HeadlinesMay 25, 2023 | finance.yahoo.comWith 68% ownership, ConnectOne Bancorp, Inc. (NASDAQ:CNOB) boasts of strong institutional backingMay 22, 2023 | seekingalpha.comConnectOne Bancorp: Beat Up Preferred Shares Yielding 8.7%May 27, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS 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!May 16, 2023 | americanbankingnews.comConnectOne Bancorp, Inc. (NASDAQ:CNOB) Short Interest Down 5.1% in AprilMay 10, 2023 | americanbankingnews.comConnectOne Bancorp, Inc. (CNOB) to Issue Quarterly Dividend of $0.17 on June 1stMay 4, 2023 | americanbankingnews.comConnectOne Bancorp (NASDAQ:CNOB) Reaches New 1-Year Low at $14.79May 2, 2023 | americanbankingnews.comConnectOne Bancorp (NASDAQ:CNOB) PT Lowered to $19.00May 1, 2023 | markets.businessinsider.comConnectOne Bancorp (CNOB) Receives a Buy from KBWMay 27, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS 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!April 28, 2023 | msn.comConnectOne Bancorp (CNOB) Declares $0.17 DividendApril 28, 2023 | marketwatch.com8-K: ConnectOne Bancorp, Inc.April 28, 2023 | finance.yahoo.comQ1 2023 ConnectOne Bancorp Inc Earnings CallApril 27, 2023 | finance.yahoo.comConnectOne Bancorp (CNOB) Q1 Earnings and Revenues Lag EstimatesApril 27, 2023 | finance.yahoo.comConnectOne Bancorp, Inc. Reports First Quarter 2023 ResultsApril 25, 2023 | americanbankingnews.comConnectOne Bancorp (CNOB) to Release Earnings on ThursdayApril 20, 2023 | finance.yahoo.comPrinceton Bancorp (BPRN) Q1 Earnings Surpass EstimatesApril 20, 2023 | americanbankingnews.comConnectOne Bancorp, Inc. (NASDAQ:CNOB) Short Interest Up 11.6% in MarchApril 13, 2023 | finance.yahoo.comConnectOne Bancorp, Inc. to Host 2023 First Quarter Results Conference Call on April 27, 2023April 10, 2023 | americanbankingnews.comKeefe, Bruyette & Woods Trims ConnectOne Bancorp (NASDAQ:CNOB) Target Price to $26.00April 6, 2023 | msn.comKeefe, Bruyette & Woods Maintains ConnectOne Bancorp (CNOB) Outperform RecommendationFebruary 23, 2023 | finance.yahoo.comThe past year for ConnectOne Bancorp (NASDAQ:CNOB) investors has not been profitableJanuary 27, 2023 | finance.yahoo.comConnectOne Bancorp, Inc. (NASDAQ:CNOB) Q4 2022 Earnings Call TranscriptJanuary 27, 2023 | finance.yahoo.comConnectOne Bancorp Full Year 2022 Earnings: Misses ExpectationsJanuary 26, 2023 | ca.finance.yahoo.comConnectOne Bancorp, Inc. Reports Fourth Quarter and Full-Year 2022 Results; Declares Common and Preferred DividendsJanuary 26, 2023 | marketwatch.comConnectOne Bancorp Shares Drop 10% After 4Q Earnings Miss ExpectationsJanuary 26, 2023 | seekingalpha.comConnectOne Bancorp, Inc. (CNOB) Q4 2022 Earnings Call TranscriptJanuary 26, 2023 | msn.comConnectOne Bancorp GAAP EPS of $0.79 misses by $0.03, revenue of $81.52M in-lineSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CNOB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for ConnectOne Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address CNOB Company Calendar Ex-Dividend for 3/1 Dividend2/16/2023Dividend Payable3/01/2023Last Earnings4/27/2023Ex-Dividend for 6/1 Dividend5/12/2023Today5/27/2023Dividend Payable6/01/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:CNOB CUSIPN/A CIK712771 Webwww.connectonebank.com Phone(201) 816-8900Fax908-810-7304Employees411Year Founded2005Price 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 RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.86 Trailing P/E Ratio4.87 Forward P/E Ratio5.91 P/E GrowthN/ANet Income$125.21 million Net Margins28.02% Pretax Margin38.34% Return on Equity11.26% Return on Assets1.25% Debt Debt-to-Equity Ratio0.07 Current Ratio1.01 Quick Ratio1.01 Sales & Book Value Annual Sales$386.99 million Price / Sales1.41 Cash Flow$3.31 per share Price / Cash Flow4.21 Book Value$27.57 per share Price / Book0.51Miscellaneous Outstanding Shares39,180,000Free Float36,758,000Market Cap$546.17 million OptionableOptionable Beta1.11 Social Links Key ExecutivesFrank S. SorrentinoChairman, President & Chief Executive OfficerChristopher J. EwingChief Operations Officer & Executive VPWilliam S. BurnsChief Financial Officer & Senior Executive VPMichael OmalleyChief Risk Officer & Executive Vice PresidentLaura CriscioneSecretary & Executive Vice PresidentKey CompetitorsHBT FinancialNASDAQ:HBTUnivest FinancialNASDAQ:UVSPOld Second BancorpNASDAQ:OSBCTrustCo Bank Corp NYNASDAQ:TRSTPremier FinancialNASDAQ:PFCView All CompetitorsInsiders & InstitutionsBrandywine Global Investment Management LLCBought 302,723 shares on 5/25/2023Ownership: 1.318%Ameriprise Financial Inc.Bought 19,418 shares on 5/22/2023Ownership: 0.933%Putnam Investments LLCBought 2,552 shares on 5/22/2023Ownership: 0.445%JPMorgan Chase & Co.Sold 20,984 shares on 5/18/2023Ownership: 2.518%New York State Common Retirement FundSold 8,102 shares on 5/18/2023Ownership: 0.048%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold ConnectOne Bancorp's stock? ETFs with the largest weight of ConnectOne Bancorp (NASDAQ:CNOB) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA), First Trust NASDAQ BuyWrite Income ETF (FTQI), iShares Micro-Cap ETF (IWC), SPDR S&P Regional Banking ETF (KRE), Direxion Daily Regional Banks Bull 3x Shares (DPST), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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