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

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our CNOB earnings forecast.

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%.

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.

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.

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.

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).

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.

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.
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