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NASDAQ:CNOB

ConnectOne Bancorp (CNOB) Stock Price, News & Analysis

$20.79
+0.09 (+0.43%)
(As of 05/21/2024 ET)
Today's Range
$20.62
$20.90
50-Day Range
$17.86
$21.12
52-Week Range
$13.15
$24.44
Volume
81,636 shs
Average Volume
164,848 shs
Market Capitalization
$796.88 million
P/E Ratio
11.00
Dividend Yield
3.46%
Price Target
$24.50

ConnectOne Bancorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
17.8% Upside
$24.50 Price Target
Short Interest
Bearish
3.80% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.76
Upright™ Environmental Score
News Sentiment
0.56mentions of ConnectOne Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.91%
From $1.72 to $2.20 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.67 out of 5 stars

Finance Sector

93rd out of 807 stocks

State Commercial Banks Industry

17th out of 164 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 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

DPST: Regional Banks Teeter As NYCB Gets Junk Rating
Q4 2023 ConnectOne Bancorp Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/14/2024
Dividend Payable
3/01/2024
Last Earnings
4/25/2024
Ex-Dividend for 6/3 Dividend
5/14/2024
Today
5/21/2024
Dividend Payable
6/03/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:CNOB
Employees
487
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$24.50
High Stock Price Target
$28.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+17.8%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 Analysts

Profitability

Net Income
$87 million
Pretax Margin
20.44%

Debt

Sales & Book Value

Annual Sales
$504.07 million
Cash Flow
$2.41 per share
Book Value
$28.64 per share

Miscellaneous

Free Float
35,899,000
Market Cap
$796.88 million
Optionable
Optionable
Beta
1.25

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Key Executives

  • Mr. Frank S. Sorrentino IIIMr. Frank S. Sorrentino III (Age 62)
    Chairman, President & CEO
    Comp: $2.08M
  • Mr. William S. Burns (Age 64)
    Senior EVP & CFO
    Comp: $913.29k
  • Mr. Michael O'Malley
    Executive VP & Chief Risk Officer
  • Ms. Elizabeth Magennis (Age 54)
    President of ConnectOne Bank & Director
    Comp: $976.18k
  • Ms. Laura Criscione (Age 55)
    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 66)
    First Senior VP & Chief Credit Officer
  • Ms. Dana Zeller
    Chief Strategic Operations Officer
  • Ms. Ali M. Mattera
    Chief Digital Officer

CNOB Stock Analysis - Frequently Asked Questions

Should I buy or sell ConnectOne Bancorp stock right now?

4 Wall Street 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 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 Wall Street analysts have issued 1-year price targets for ConnectOne Bancorp's shares. Their CNOB share price targets range from $21.00 to $28.00. On average, they expect the company's share price to reach $24.50 in the next twelve months. This suggests a possible upside of 17.8% 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 2024?

ConnectOne Bancorp's stock was trading at $22.91 at the start of the year. Since then, CNOB stock has decreased by 9.3% and is now trading at $20.79.
View the best growth stocks for 2024 here
.

When is ConnectOne Bancorp's next earnings date?

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

How were ConnectOne Bancorp's earnings last quarter?

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) released its quarterly earnings data on Thursday, April, 25th. The financial services provider reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.42 by $0.01. The financial services provider had revenue of $64.15 million for the quarter, compared to analysts' expectations of $63.93 million. ConnectOne Bancorp had a trailing twelve-month return on equity of 7.39% and a net margin of 15.29%.

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

ConnectOne Bancorp announced a quarterly dividend on Thursday, April 25th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.18 per share on Monday, June 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, May 14th. This is an increase from the stock's previous quarterly dividend of $0.17.
Read our dividend analysis for CNOB
.

Is ConnectOne Bancorp a good dividend stock?

ConnectOne Bancorp (NASDAQ:CNOB) pays an annual dividend of $0.72 per share and currently has a dividend yield of 3.41%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 38.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNOB will have a dividend payout ratio of 32.73% 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.59%), Kennedy Capital Management LLC (1.77%), Earnest Partners LLC (0.55%), Empowered Funds LLC (0.31%), Rosenthal Henry Capital Advisors Inc. (0.22%) and Hennessy Advisors Inc. (0.22%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CNOB) was last updated on 5/21/2024 by MarketBeat.com Staff

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