NASDAQ:CNOBConnectOne Bancorp Stock Price, Forecast & News

$15.45

+1.35 (+9.57 %)

(As of 04/10/2020 06:49 AM ET)

Add

Compare

Today's Range

$14.43

Now: $15.45▼

$15.59

50-Day Range

$9.59

MA: $16.63▼

$23.61

52-Week Range

$8.85

Now: $15.45▼

$26.50

Volume269,100 shs

Average Volume277,754 shs

Market Capitalization$613.37 million

P/E Ratio7.46

Dividend Yield2.55%

Beta1.41

ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank, a state chartered bank that provides various commercial banking products and services. The company offers a range of deposit products, including personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts. It also provides personal 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; and other personal purpose loans. In addition, the company offers credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, ACH origination, lockbox, mobile banking by phone, safe deposit box, and remote deposit capture services. As of January 24, 2019, the company offered its commercial and consumer banking and lending services and products through its 29 banking offices located in New York and New Jersey. It serves small-to-medium sized businesses, high net worth individuals, professional practices, and consumer and retail clients. 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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
ConnectOne Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $29.50, ConnectOne Bancorp has a potential upside of 90.9% from its current price of $15.45.
Amount of Analyst Coverage
ConnectOne Bancorp has received no research coverage in the past 90 days.

2.2 Community Rank

Outperform Votes
ConnectOne Bancorp has received 227 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
ConnectOne Bancorp has received 298 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
ConnectOne Bancorp has received 56.76% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about ConnectOne Bancorp and other stocks. Vote “Outperform” if you believe CNOB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CNOB will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
ConnectOne Bancorp is a leading dividend payer. It pays a dividend yield of 2.55%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
ConnectOne Bancorp has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of ConnectOne Bancorp is 16.00 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, ConnectOne Bancorp will have a dividend payout ratio of 14.46 % next year. This indicates that ConnectOne Bancorp will be able to sustain or increase its dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ConnectOne Bancorp insiders have bought 45.05% more of their company's stock than they have sold. Specifically, they have bought $116,066.00 in company stock and sold $80,016.00 in company stock.
Percentage Held by Insiders
Only 7.58% of the stock of ConnectOne Bancorp is held by insiders.
Percentage Held by Institutions
56.78% of the stock of ConnectOne Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for ConnectOne Bancorp are expected to grow by 11.66% in the coming year, from $2.23 to $2.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ConnectOne Bancorp is 7.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of ConnectOne Bancorp is 7.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 12.17.
Price to Book Value per Share Ratio
ConnectOne Bancorp has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.91 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:CNOB

Previous Symbol

CUSIPN/A

CIK712771

Webhttp://www.connectonebank.com/

Phone201-816-8900

Debt

Debt-to-Equity Ratio0.20

Current Ratio1.01

Quick Ratio1.01

Price-To-Earnings

Trailing P/E Ratio7.46

Forward P/E Ratio6.93

P/E GrowthN/A

Sales & Book Value

Annual Sales$279.52 million

Price / Sales2.19

Cash Flow$2.57 per share

Price / Cash Flow6.02

Book Value$20.67 per share

Price / Book0.75

Profitability

EPS (Most Recent Fiscal Year)$2.25

Net Income$73.39 million

Net Margins26.26%

Return on Equity11.28%

Return on Assets1.30%

Miscellaneous

EmployeesN/A

Outstanding Shares39,700,000

Market Cap$613.37 million

Next Earnings Date4/23/2020 (Estimated)

OptionableOptionable

Receive CNOB News and Ratings via Email

Sign-up to receive the latest news and ratings for CNOB and its competitors with MarketBeat's FREE daily newsletter.

ConnectOne Bancorp (NASDAQ:CNOB) Frequently Asked Questions

How has ConnectOne Bancorp's stock been impacted by COVID-19 (Coronavirus)?

ConnectOne Bancorp's stock was trading at $16.69 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CNOB shares have decreased by 7.4% and is now trading at $15.45. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of ConnectOne Bancorp?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ConnectOne Bancorp in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for ConnectOne Bancorp.

When is ConnectOne Bancorp's next earnings date?

ConnectOne Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for ConnectOne Bancorp.

How were ConnectOne Bancorp's earnings last quarter?

ConnectOne Bancorp Inc (NASDAQ:CNOB) released its quarterly earnings results on Thursday, January, 23rd. The financial services provider reported $0.61 EPS for the quarter, missing the Zacks' consensus estimate of $0.62 by $0.01. The financial services provider earned $49.68 million during the quarter, compared to analyst estimates of $51.60 million. ConnectOne Bancorp had a return on equity of 11.28% and a net margin of 26.26%. View ConnectOne Bancorp's earnings history.

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

ConnectOne Bancorp declared a quarterly dividend on Monday, December 30th. Investors of record on Monday, January 13th will be given a dividend of $0.09 per share on Monday, February 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, January 10th. View ConnectOne Bancorp's dividend history.

What price target have analysts set for CNOB?

1 brokerages have issued 1-year price objectives for ConnectOne Bancorp's stock. Their forecasts range from $29.50 to $29.50. On average, they anticipate ConnectOne Bancorp's share price to reach $29.50 in the next twelve months. This suggests a possible upside of 90.9% from the stock's current price. View analysts' price targets for ConnectOne Bancorp.

Has ConnectOne Bancorp been receiving favorable news coverage?

Media headlines about CNOB stock have been trending very negative on Friday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ConnectOne Bancorp earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutConnectOne Bancorp.

Who are some of ConnectOne Bancorp's key competitors?

Some companies that are related to ConnectOne Bancorp include Bancorpsouth Bank (BXS), Associated Banc (ASB), Home Bancshares (HOMB), First Hawaiian (FHB), IBERIABANK (IBKC), Investors Bancorp (ISBC), First Interstate Bancsystem (FIBK), Cathay General Bancorp (CATY), Columbia Banking System (COLB), South State (SSB), International Bancshares (IBOC), Ameris Bancorp (ABCB), ServisFirst Bancshares (SFBS), United Community Banks (UCBI) and Hilltop (HTH).

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), Harley-Davidson (HOG), Altria Group (MO), Tc Pipelines (TRP), Wells Fargo & Co (WFC), Mondi (MNDI), Biogen (BIIB), Huntington Bancshares (HBAN) and Intel (INTC).

Who are ConnectOne Bancorp's key executives?

ConnectOne Bancorp's management team includes the following people:

Mr. Frank S. Sorrentino III, Chairman & CEO (Age 57)
Mr. William S. Burns, Exec. VP & CFO (Age 59)
Mr. Christopher J. Ewing, Exec. VP & COO (Age 59)
Mr. Michael J. McGrover, First Sr. VP & Chief Credit Officer
Ms. Elizabeth Magennis, Exec. VP & Chief Lending Officer (Age 49)

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 number of institutional and retail investors. Top institutional shareholders include Corrado Advisors LLC (0.06%) and Mesirow Financial Investment Management Inc. (0.05%). Company insiders that own ConnectOne Bancorp stock include Christopher J Ewing, Elizabeth Magennis, Frank Huttle III, Frank Sorrentino III, Frank W Baier, Katherin Nukk-Freeman, Kevin Rendino, Laura Criscione, Michael W Kempner, Nicholas Minoia, Stephen T Boswell, William S Burns and William Thompson. View institutional ownership trends for ConnectOne Bancorp.

Which institutional investors are selling ConnectOne Bancorp stock?

CNOB stock was sold by a variety of institutional investors in the last quarter, including Corrado Advisors LLC. Company insiders that have sold ConnectOne Bancorp company stock in the last year include Christopher J Ewing, Elizabeth Magennis, Frank Sorrentino III, William S Burns, and William Thompson. View insider buying and selling activity for ConnectOne Bancorp.

Which institutional investors are buying ConnectOne Bancorp stock?

CNOB stock was bought by a variety of institutional investors in the last quarter, including Mesirow Financial Investment Management Inc.. Company insiders that have bought ConnectOne Bancorp stock in the last two years include Frank W Baier, Katherin Nukk-Freeman, Kevin Rendino, Nicholas Minoia, Stephen T Boswell, and William Thompson. View insider buying and selling activity for ConnectOne Bancorp.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is ConnectOne Bancorp's stock price today?

One share of CNOB stock can currently be purchased for approximately $15.45.

How big of a company is ConnectOne Bancorp?

ConnectOne Bancorp has a market capitalization of $613.37 million and generates $279.52 million in revenue each year. The financial services provider earns $73.39 million in net income (profit) each year or $2.25 on an earnings per share basis. View additional information about ConnectOne Bancorp.

What is ConnectOne Bancorp's official website?

The official website for ConnectOne Bancorp is http://www.connectonebank.com/.

How can I contact ConnectOne Bancorp?

ConnectOne Bancorp's mailing address is 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ, 07632. The financial services provider can be reached via phone at 201-816-8900 or via email at [email protected]

This page was last updated on 4/10/2020 by MarketBeat.com Staff

Featured Article: Investing strategies using the yield curve