ConnectOne Bancorp (CNOB) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ConnectOne Bancorp in the last year. There are currently 2 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.

3 analysts have issued 12-month price targets for ConnectOne Bancorp's shares. Their CNOB share price forecasts range from $23.00 to $28.00. On average, they expect the company's share price to reach $25.75 in the next year. This suggests a possible upside of 46.7% 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 27.5% and is now trading at $17.55.
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ConnectOne Bancorp saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 385,000 shares, a drop of 19.8% from the August 15th total of 480,300 shares. Based on an average daily trading volume, of 215,000 shares, the short-interest ratio is presently 1.8 days. Currently, 1.1% 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, October 26th 2023.
View our CNOB earnings forecast.

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) announced its quarterly earnings data on Thursday, July, 27th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by $0.02. The financial services provider had revenue of $67.28 million for the quarter, compared to analysts' expectations of $68.96 million. ConnectOne Bancorp had a trailing twelve-month return on equity of 10.09% and a net margin of 23.44%.

ConnectOne Bancorp announced a quarterly dividend on Thursday, July 27th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.17 per share on Friday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Monday, August 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 3.81%. 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 26.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNOB will have a dividend payout ratio of 33.66% 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 trades on the NASDAQ under the ticker symbol "CNOB."

ConnectOne Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.19%), Dimensional Fund Advisors LP (5.78%), JPMorgan Chase & Co. (3.77%), State Street Corp (2.92%), Goldman Sachs Group Inc. (2.74%) and Nuveen Asset Management LLC (2.01%). 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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One share of CNOB stock can currently be purchased for approximately $17.55.

ConnectOne Bancorp (NASDAQ:CNOB) has a market capitalization of $683.40 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 $2.59 on an earnings per share basis.

The company employs 507 workers across the globe.

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.