ConnectOne Bancorp - CNOB Stock Forecast, Price & News

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

2 analysts have issued 12 month price targets for ConnectOne Bancorp's shares. Their CNOB share price forecasts range from $28.00 to $32.00. On average, they expect the company's share price to reach $30.00 in the next year. This suggests a possible upside of 24.5% 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 $32.71 at the beginning of the year. Since then, CNOB stock has decreased by 26.4% and is now trading at $24.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our CNOB earnings forecast.

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) announced its quarterly earnings results on Thursday, July, 28th. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The financial services provider earned $78.95 million during the quarter, compared to analyst estimates of $75.80 million. ConnectOne Bancorp had a net margin of 38.52% and a trailing twelve-month return on equity of 12.69%. During the same quarter in the prior year, the company earned $0.81 earnings per share.

ConnectOne Bancorp announced a quarterly dividend on Thursday, July 28th. Investors of record on Monday, August 15th will be paid a dividend of $0.155 per share on Thursday, September 1st. This represents a $0.62 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for CNOB.

ConnectOne Bancorp (NASDAQ:CNOB) pays an annual dividend of $0.62 per share and currently has a dividend yield of 2.51%. The company 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 is 19.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNOB will have a dividend payout ratio of 18.90% 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 retail and institutional investors. Top institutional investors include Goldman Sachs Group Inc. (3.34%), William Blair Investment Management LLC (3.01%), FMR LLC (2.99%), State Street Corp (2.67%), JPMorgan Chase & Co. (1.58%) and Millennium Management LLC (1.55%). Insiders that own company stock include Frank Huttle III, Frank Sorrentino III, Frank W Baier, Joseph Jr Parisi, Katherin Nukk-Freeman, Michael W Kempner, Stephen T Boswell and William Thompson.
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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 $24.09.

ConnectOne Bancorp (NASDAQ:CNOB) has a market capitalization of $945.29 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 $3.12 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.