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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NASDAQ:CNOB

ConnectOne Bancorp Stock Forecast, Price & News

$25.22
+0.28 (+1.12%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$24.98
$25.55
50-Day Range
$24.94
$31.48
52-Week Range
$24.17
$37.00
Volume
263,415 shs
Average Volume
145,541 shs
Market Capitalization
$996.69 million
P/E Ratio
8.01
Dividend Yield
2.46%
Price Target
$38.00
30 days | 90 days | 365 days | Advanced Chart

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CNOB Stock Forecast (MarketRank)

Overall MarketRank

3.29 out of 5 stars

Finance Sector

80th out of 1,356 stocks

State Commercial Banks Industry

20th out of 240 stocks

Analyst Opinion: 3.5Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 3.1 5 -4 -3 -2 -1 -
ConnectOne Bancorp logo

About ConnectOne Bancorp (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 Northern New Jersey and New York Metropolitan area, and South Florida market. The company offers personal and business checking, retirement, money market, and time and savings accounts. It also provides consumer and commercial business loans on a secured and unsecured basis; revolving lines of credit; commercial mortgage loans; residential mortgages on primary and secondary residences; home equity loans; bridge loans; other personal purpose loans; and commercial construction and real estate loans. In addition, the company offers check cards, ATM cards, credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, automated clearing house origination, mobile banking by phone, safe deposit boxes, and remote deposit capture services. It operates through a network of eight banking offices in Bergen County, five banking offices in Union County, one banking office in Morris County, one office in Essex County, one office in Hudson County, one office in Monmouth County, one banking office in Manhattan in New York City, one office in Nassau County on Long Island, one in Astoria, and five branches in the Hudson Valley, as well as one financial center in West Palm Beach in Palm Beach County. 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 News Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:CNOB
Employees
411
Year Founded
N/A

Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 6/1 Dividend
5/13/2022
Dividend Payable
6/01/2022
Today
6/26/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$38.00
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+50.7%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
1 Analysts

Profitability

Net Income
$130.35 million
Pretax Margin
53.78%

Debt

Sales & Book Value

Annual Sales
$317.43 million
Cash Flow
$3.40 per share
Book Value
$25.59 per share

Miscellaneous

Free Float
36,923,000
Market Cap
$996.69 million
Optionable
Optionable
Beta
1.26














ConnectOne Bancorp Frequently Asked Questions

Should I buy or sell ConnectOne Bancorp stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ConnectOne Bancorp in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ConnectOne Bancorp stock.
View analyst ratings for ConnectOne Bancorp
or view top-rated stocks.

What is ConnectOne Bancorp's stock price forecast for 2022?

1 Wall Street analysts have issued 12 month price targets for ConnectOne Bancorp's stock. Their CNOB stock forecasts range from $38.00 to $38.00. On average, they anticipate ConnectOne Bancorp's stock price to reach $38.00 in the next twelve months. This suggests a possible upside of 50.7% from the stock's current price.
View analysts' price targets for ConnectOne Bancorp
or view top-rated stocks among Wall Street analysts.

How has ConnectOne Bancorp's stock performed in 2022?

ConnectOne Bancorp's stock was trading at $32.71 at the beginning of the year. Since then, CNOB shares have decreased by 22.9% and is now trading at $25.22.
View the best growth stocks for 2022 here
.

Are investors shorting ConnectOne Bancorp?

ConnectOne Bancorp saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 611,600 shares, an increase of 38.8% from the May 15th total of 440,500 shares. Based on an average daily volume of 164,900 shares, the short-interest ratio is currently 3.7 days. Approximately 1.7% of the company's shares are short sold.
View ConnectOne Bancorp's Short Interest
.

When is ConnectOne Bancorp's next earnings date?

ConnectOne Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for ConnectOne Bancorp
.

How were ConnectOne Bancorp's earnings last quarter?

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) announced its quarterly earnings data on Thursday, April, 28th. The financial services provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by $0.02. The financial services provider earned $73.41 million during the quarter, compared to the consensus estimate of $74.47 million. ConnectOne Bancorp had a trailing twelve-month return on equity of 12.90% and a net margin of 39.81%. During the same period last year, the business earned $0.82 earnings per share.
View ConnectOne Bancorp's earnings history
.

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

ConnectOne Bancorp announced a quarterly dividend on Thursday, April 28th. Shareholders of record on Monday, May 16th will be given a dividend of $0.155 per share on Wednesday, June 1st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, May 13th. This is an increase from ConnectOne Bancorp's previous quarterly dividend of $0.13.
View ConnectOne Bancorp's dividend history
.

Is ConnectOne Bancorp a good dividend stock?

ConnectOne Bancorp(NASDAQ:CNOB) pays an annual dividend of $0.62 per share and currently has a dividend yield of 2.46%. ConnectOne Bancorp has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of ConnectOne Bancorp is 19.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ConnectOne Bancorp will have a dividend payout ratio of 18.79% next year. This indicates that ConnectOne Bancorp will be able to sustain or increase its dividend.
View ConnectOne Bancorp's dividend history.

Who are ConnectOne Bancorp's key executives?

ConnectOne Bancorp's management team includes the following people:
  • Mr. Frank S. Sorrentino III, Chairman, Pres & CEO (Age 60, Pay $1.79M) (LinkedIn Profile)
  • Mr. William S. Burns, Sr. EVP & CFO (Age 62, Pay $782.04k)
  • Mr. Christopher J. Ewing, Exec. VP & COO (Age 62, Pay $685.04k)
  • Ms. Laura Criscione, Exec. VP, Corp. Sec. & Chief Compliance Officer (Age 53, Pay $498.43k)
  • Ms. Elizabeth Magennis, Pres of ConnectOne Bank (Age 52, Pay $813.43k)
  • Ms. Siya Vansia, VP of Marketing
  • Mr. Michael Rozman, Pres of BoeFly Division
  • Mr. Joseph T. Javitz, First Sr. VP & Chief Credit Officer (Age 64)

What is Frank Sorrentino's approval rating as ConnectOne Bancorp's CEO?

45 employees have rated ConnectOne Bancorp CEO Frank Sorrentino on Glassdoor.com. Frank Sorrentino has an approval rating of 91% among ConnectOne Bancorp'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 retail and institutional investors. Top institutional investors include BlackRock Inc. (7.11%), Dimensional Fund Advisors LP (5.99%), Vanguard Group Inc. (4.68%), William Blair Investment Management LLC (4.39%), Goldman Sachs Group Inc. (3.76%) and American Century Companies Inc. (3.00%). Company insiders that own ConnectOne Bancorp stock include Frank Huttle III, Frank Sorrentino III, Frank W Baier, Joseph Jr Parisi, Katherin Nukk-Freeman, Kevin Rendino, Michael W Kempner, Stephen T Boswell, Stephen T Boswell and William Thompson.
View institutional ownership trends for ConnectOne Bancorp
.

Which major investors are selling ConnectOne Bancorp stock?

CNOB stock was sold by a variety of institutional investors in the last quarter, including Rothschild & Co. Asset Management US Inc., Endeavour Capital Advisors Inc., John W. Rosenthal Capital Management Inc., JPMorgan Chase & Co., Goldman Sachs Group Inc., BlackRock Inc., Prudential Financial Inc., and Monarch Partners Asset Management LLC. Company insiders that have sold ConnectOne Bancorp company stock in the last two years include Frank Sorrentino III, Joseph Jr Parisi, Michael W Kempner, and William Thompson.
View insider buying and selling activity for ConnectOne Bancorp
or view top insider-selling stocks.

Which major investors are buying ConnectOne Bancorp stock?

CNOB stock was bought by a variety of institutional investors in the last quarter, including American Century Companies Inc., Earnest Partners LLC, The Manufacturers Life Insurance Company , State Street Corp, Envestnet Asset Management Inc., Sei Investments Co., EJF Capital LLC, and Dimensional Fund Advisors LP. Company insiders that have bought ConnectOne Bancorp stock in the last two years include Katherin Nukk-Freeman, and Stephen T Boswell.
View insider buying and selling activity for ConnectOne Bancorp
or or view top insider-buying stocks.

How do I buy shares of ConnectOne Bancorp?

Shares of CNOB 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 $25.22.

How much money does ConnectOne Bancorp make?

ConnectOne Bancorp (NASDAQ:CNOB) has a market capitalization of $996.69 million and generates $317.43 million in revenue each year. The financial services provider earns $130.35 million in net income (profit) each year or $3.149990 on an earnings per share basis.

How many employees does ConnectOne Bancorp have?

ConnectOne Bancorp 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 ConnectOne Bancorp is www.connectonebank.com. The financial services provider can be reached via phone at (201) 816-8900, via email at [email protected], or via fax at 908-810-7304.

This page (NASDAQ:CNOB) was last updated on 6/26/2022 by MarketBeat.com Staff

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