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, time and savings accounts, and NOW 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 insurance and annuities, and mutual funds; credit cards, wire transfers, and safe deposit boxes; access to automated teller services; and Internet banking, treasury direct, ACH origination, lockbox, mobile banking, and remote deposit capture banking services. As of October 17, 2018, it operated through its headquarters in New Jersey; and 21 other banking offices across New Jersey and New York. ConnectOne Bancorp, Inc. serves small-to-medium sized businesses, high net worth individuals, professional practices, and consumer and retail customers. 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CNOB
Previous Symbol
CUSIPN/A
Phone201-816-8900
Debt
Debt-to-Equity Ratio0.22
Current Ratio1.00
Quick Ratio1.00
Price-To-Earnings
Trailing P/E Ratio10.71
Forward P/E Ratio8.64
P/E GrowthN/A
Sales & Book Value
Annual Sales$189.53 million
Price / Sales3.19
Cash Flow$1.8939 per share
Price / Cash Flow9.90
Book Value$17.63 per share
Price / Book1.06
Profitability
EPS (Most Recent Fiscal Year)$1.75
Net Income$43.22 million
Net Margins24.26%
Return on Equity12.07%
Return on Assets1.33%
Miscellaneous
EmployeesN/A
Outstanding Shares32,240,000
Market Cap$604.50 million
OptionableOptionable
ConnectOne Bancorp (NASDAQ:CNOB) Frequently Asked Questions
What is ConnectOne Bancorp's stock symbol?
ConnectOne Bancorp trades on the NASDAQ under the ticker symbol "CNOB."
How often does ConnectOne Bancorp pay dividends? What is the dividend yield for ConnectOne Bancorp?
ConnectOne Bancorp announced a quarterly dividend on Wednesday, September 26th. Investors of record on Monday, October 15th will be paid a dividend of $0.075 per share on Thursday, November 1st. This represents a $0.30 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, October 12th. View ConnectOne Bancorp's Dividend History.
How were ConnectOne Bancorp's earnings last quarter?
ConnectOne Bancorp Inc (NASDAQ:CNOB) issued its quarterly earnings data on Thursday, October, 25th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. The financial services provider had revenue of $41.39 million for the quarter, compared to analysts' expectations of $41.52 million. ConnectOne Bancorp had a return on equity of 12.07% and a net margin of 24.26%. View ConnectOne Bancorp's Earnings History.
When is ConnectOne Bancorp's next earnings date?
What price target have analysts set for CNOB?
2 analysts have issued twelve-month target prices for ConnectOne Bancorp's shares. Their forecasts range from $34.00 to $36.00. On average, they expect ConnectOne Bancorp's stock price to reach $35.00 in the next year. This suggests a possible upside of 86.7% from the stock's current price. View Analyst Price Targets for ConnectOne Bancorp.
What is the consensus analysts' recommendation for ConnectOne Bancorp?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ConnectOne Bancorp in the last year. There are currently 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Strong Buy." View Analyst Ratings for ConnectOne Bancorp.
Has ConnectOne Bancorp been receiving favorable news coverage?
Media coverage about CNOB stock has trended positive on Sunday, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. ConnectOne Bancorp earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an effect on the company's share price in the next several days.
Who are some of ConnectOne Bancorp's key competitors?
Some companies that are related to ConnectOne Bancorp include International Bancshares (IBOC), First Interstate Bancsystem (FIBK), South State (SSB), Independent Bank (INDB), Union Bankshares (UBSH), Great Western Bancorp (GWB), First Bancorp (FBP), Renasant (RNST), TowneBank (TOWN), Banner (BANR), ServisFirst Bancshares (SFBS), United Community Banks (UCBI), Eagle Bancorp (EGBN), Hilltop (HTH) and Heartland Financial USA (HTLF).
Who are ConnectOne Bancorp's key executives?
ConnectOne Bancorp's management team includes the folowing people:
- Mr. Frank S. Sorrentino III, Chairman, Pres & CEO (Age 56)
- Mr. William S. Burns, Exec. VP & CFO (Age 58)
- Mr. Christopher J. Ewing, Exec. VP & COO (Age 58)
- Mr. Michael J. McGrover, First Sr. VP & Chief Credit Officer
- Ms. Elizabeth Magennis, Exec. VP & Chief Lending Officer (Age 48)
Who are ConnectOne Bancorp's major shareholders?
ConnectOne Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.31%), BlackRock Inc. (5.89%), Vanguard Group Inc (4.42%), Vanguard Group Inc. (4.42%), Brown Advisory Inc. (4.05%) and Renaissance Technologies LLC (3.27%). 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, Laura Criscione, Michael W Kempner, Nicholas Minoia, Stephen T Boswell, William S Burns 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 Elizabeth Park Capital Advisors Ltd., First Trust Advisors LP, Banc Funds Co. LLC, Morgan Stanley, The Manufacturers Life Insurance Company , River Oaks Capital LLC, Hennessy Advisors Inc. and TIAA CREF Investment Management LLC. Company insiders that have sold ConnectOne Bancorp company stock in the last year include Christopher J Ewing, Elizabeth Magennis, Frank Huttle III, Frank Sorrentino III, Laura Criscione, Michael W Kempner, William S Burns and William Thompson. View Insider Buying and Selling for ConnectOne Bancorp.
Which major investors are buying ConnectOne Bancorp stock?
CNOB stock was purchased by a variety of institutional investors in the last quarter, including Investment Counselors of Maryland LLC, Dimensional Fund Advisors LP, Prudential Financial Inc., Brown Advisory Inc., Monarch Partners Asset Management LLC, Marshall Wace LLP, Gator Capital Management LLC and Maltese Capital Management LLC. Company insiders that have bought ConnectOne Bancorp stock in the last two years include Frank W Baier, Katherin Nukk-Freeman, Nicholas Minoia and Stephen T Boswell. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is ConnectOne Bancorp's stock price today?
One share of CNOB stock can currently be purchased for approximately $18.75.
How big of a company is ConnectOne Bancorp?
ConnectOne Bancorp has a market capitalization of $604.50 million and generates $189.53 million in revenue each year. The financial services provider earns $43.22 million in net income (profit) each year or $1.75 on an earnings per share basis.
What is ConnectOne Bancorp's official website?
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]
MarketBeat Community Rating for ConnectOne Bancorp (NASDAQ CNOB)
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.
