ConnectOne Bancorp (CNOB) Stock Forecast, Price & News

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CNOB earnings forecast.

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%.

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.

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),

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.

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 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.

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.

One share of CNOB stock can currently be purchased for approximately $13.94.

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.

The company employs 411 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.