NASDAQ:CNOB

ConnectOne Bancorp Stock Forecast, Price & News

$24.02

+0.79 (+3.40 %)

(As of 03/1/2021 10:18 AM ET)

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Today's Range

$23.85

Now: $24.02▼

$24.12

50-Day Range

$19.79

MA: $22.19▼

$24.61

52-Week Range

$8.85

Now: $24.02▼

$25.12

Volume373 shs

Average Volume137,718 shs

Market Capitalization$955.13 million

P/E Ratio13.88

Dividend Yield1.55%

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's deposit products include 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 insurance and annuities, credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, ACH origination, mobile banking by phone, safe deposit box, and remote deposit capture services. It operates through a network of 16 banking offices in Bergen County, 5 banking offices in Union County, 2 banking offices in Morris County, 1 office Essex County, 1 office in Hudson County, 1 office in Mercer County, one office in Monmouth County, 1 office in the borough of Manhattan, 1 office in Nassau County, and 1 office in Astoria, as well as 7 branches in the Hudson Valley. 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.

Headlines

Is It Smart To Buy ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Before It Goes Ex-Dividend?
February 6, 2021 | nasdaq.com

ConnectOne Bancorp, Inc. (CNOB) CEO Frank Sorrentino on Q4 2020 Results - Earnings Call Transcript
January 30, 2021 | seekingalpha.com

ConnectOne Bancorp (CNOB) Q4 Earnings and Revenues Top Estimates
January 28, 2021 | finance.yahoo.com

ConnectOne Bancorp, Inc. to Host 2020 Fourth Quarter Results Conference Call on January 28, 2021
January 14, 2021 | finance.yahoo.com

ConnectOne Bancorp, Inc. Strengthens Executive Leadership Through Key Appointments
December 1, 2020 | finance.yahoo.com

Should You Buy ConnectOne Bancorp, Inc. (NASDAQ:CNOB) For Its Upcoming Dividend?
November 8, 2020 | nasdaq.com

Be Sure To Check Out ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Before It Goes Ex-Dividend
November 8, 2020 | finance.yahoo.com

Results: ConnectOne Bancorp, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
November 1, 2020 | nasdaq.com

Advancing Innovation In Banking Means Integrating Sector-Specific Technology
October 29, 2020 | forbes.com

ConnectOne Bancorp EPS beats by $0.04, beats on revenue
October 29, 2020 | seekingalpha.com

ConnectOne Bancorp, Inc. Reports Third Quarter 2020 Results
October 29, 2020 | finance.yahoo.com

ConnectOne Bancorp, Inc. to Host Earnings Call
October 29, 2020 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:CNOB

Previous Symbol

CUSIPN/A

CIK712771

Webwww.connectonebank.com

Phone201-816-8900

EmployeesN/A

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.23

Current Ratio1.03

Quick Ratio1.03

Price-To-Earnings

Trailing P/E Ratio13.88

Forward P/E Ratio12.07

P/E GrowthN/A

Sales & Book Value

Annual Sales$279.52 million

Price / Sales3.42

Cash Flow$2.58 per share

Price / Cash Flow9.32

Book Value$20.67 per share

Price / Book1.16

Profitability

EPS (Most Recent Fiscal Year)$2.25

Net Income$73.39 million

Net Margins21.17%

Return on Equity9.63%

Return on Assets1.13%

Miscellaneous

Outstanding Shares39,764,000

Market Cap$955.13 million

Next Earnings Date4/29/2021 (Estimated)

OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.93 out of 5 stars

Finance Sector

399th out of 1,944 stocks

State Commercial Banks Industry

87th out of 309 stocks

1.6 Analyst's Opinion

Consensus Rating
ConnectOne Bancorp has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.88, ConnectOne Bancorp has a forecasted upside of 7.1% from its current price of $23.23.
Amount of Analyst Coverage
ConnectOne Bancorp has only been the subject of 3 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
ConnectOne Bancorp has received 242 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
ConnectOne Bancorp has received 316 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
ConnectOne Bancorp has received 56.63% “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.

2.5 Dividend Strength

Dividend Yield
ConnectOne Bancorp pays a meaningful dividend of 1.55%, higher than the bottom 25% of all stocks that pay dividends.
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 16.82% next year. This indicates that ConnectOne Bancorp will be able to sustain or increase its dividend.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ConnectOne Bancorp insiders have sold 4,631.41% more of their company's stock than they have bought. Specifically, they have bought $10,462.00 in company stock and sold $495,000.00 in company stock.
Percentage Held by Insiders
Only 7.52% of the stock of ConnectOne Bancorp is held by insiders.
Percentage Held by Institutions
60.12% 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 7.54% in the coming year, from $1.99 to $2.14 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ConnectOne Bancorp is 13.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 32.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of ConnectOne Bancorp is 13.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.83.
Price to Book Value per Share Ratio
ConnectOne Bancorp has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

$24.02

+0.79 (+3.40 %)

(As of 03/1/2021 10:18 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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ConnectOne Bancorp (NASDAQ:CNOB) Frequently Asked Questions

Is ConnectOne Bancorp a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ConnectOne Bancorp in the last twelve months. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ConnectOne Bancorp stock.
View analyst ratings for ConnectOne Bancorp or view top-rated stocks.

What stocks does MarketBeat like better than ConnectOne Bancorp?

Wall Street analysts have given ConnectOne Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but ConnectOne Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is ConnectOne Bancorp's next earnings date?

ConnectOne Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for ConnectOne Bancorp.

How were ConnectOne Bancorp's earnings last quarter?

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) issued its quarterly earnings data on Wednesday, January, 27th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.08. The financial services provider had revenue of $64.81 million for the quarter, compared to analysts' expectations of $63.38 million. ConnectOne Bancorp had a net margin of 21.17% and a trailing twelve-month return on equity of 9.63%.
View ConnectOne Bancorp's earnings history.

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

ConnectOne Bancorp's stock was trading at $16.69 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CNOB shares have increased by 44.0% and is now trading at $24.04.
View which stocks have been most impacted by COVID-19.

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

ConnectOne Bancorp announced a quarterly dividend on Friday, January 29th. Investors of record on Monday, February 15th will be given a dividend of $0.09 per share on Monday, March 1st. This represents a $0.36 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, February 11th.
View ConnectOne Bancorp's dividend history.

Is ConnectOne Bancorp a good dividend stock?

ConnectOne Bancorp pays an annual dividend of $0.36 per share and currently has a dividend yield of 1.55%. ConnectOne Bancorp does not yet have a strock track record of dividend growth. The dividend payout ratio of ConnectOne Bancorp is 16.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ConnectOne Bancorp will have a dividend payout ratio of 16.82% next year. This indicates that ConnectOne Bancorp will be able to sustain or increase its dividend.
View ConnectOne Bancorp's dividend history.

What price target have analysts set for CNOB?

4 brokers have issued 1 year price objectives for ConnectOne Bancorp's stock. Their forecasts range from $19.50 to $28.00. On average, they expect ConnectOne Bancorp's share price to reach $24.88 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price.
View analysts' price targets for ConnectOne Bancorp or view top-rated stocks among Wall Street analysts.

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 59, Pay $1.61M)
Mr. William S. Burns, Exec. VP & CFO (Age 61, Pay $763.07k)
Mr. Christopher J. Ewing, Exec. VP & COO (Age 61, Pay $630k)
Mr. Michael J. McGrover, First Sr. VP & Chief Credit Officer
Ms. Elizabeth Magennis, Exec. VP & Chief Lending Officer (Age 51, Pay $724.92k)
Ms. Laura Criscione, Exec. VP & Corp. Sec. (Age 52)
Ms. Siya Vansia, VP of Marketing
Mr. Michael Rozman, Pres of BoeFly Division

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.

Who are some of ConnectOne Bancorp's key competitors?

Some companies that are related to ConnectOne Bancorp include First Hawaiian (FHB), Bank of Hawaii (BOH), Investors Bancorp (ISBC), Ameris Bancorp (ABCB), Hancock Whitney (HWC), Columbia Banking System (COLB), BancorpSouth Bank (BXS), Associated Banc (ASB), Independent Bank Group (IBTX), Cathay General Bancorp (CATY), CVB Financial (CVBF), Atlantic Union Bankshares (AUB), Silvergate Capital (SI), First Interstate BancSystem (FIBK) and United Community Banks (UCBI).
View all of CNOB's competitors.

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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.87%), Dimensional Fund Advisors LP (5.93%), Banc Funds Co. LLC (1.76%), Renaissance Technologies LLC (1.73%), JPMorgan Chase & Co. (1.56%) and Rothschild & Co. Asset Management US Inc. (1.54%). 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, Michael W Kempner, 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 Monarch Partners Asset Management LLC, RMR Wealth Builders, Renaissance Technologies LLC, Alliancebernstein L.P., First Trust Advisors LP, JPMorgan Chase & Co., Rothschild & Co. Asset Management US Inc., and Northern Trust Corp. Company insiders that have sold ConnectOne Bancorp company stock in the last year include Frank Huttle III, and Michael W Kempner.
View insider buying and selling activity for ConnectOne Bancorp or view top insider-selling stocks.

Which institutional investors are buying ConnectOne Bancorp stock?

CNOB stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Banc Funds Co. LLC, Kennedy Capital Management Inc., Victory Capital Management Inc., Brandywine Global Investment Management LLC, Engineers Gate Manager LP, Bank of New York Mellon Corp, and Credit Suisse AG. Company insiders that have bought ConnectOne Bancorp stock in the last two years include Frank W Baier, Katherin Nukk-Freeman, Kevin Rendino, Stephen T Boswell, and William Thompson.
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 $24.04.

How much money does ConnectOne Bancorp make?

ConnectOne Bancorp has a market capitalization of $955.93 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.

What is ConnectOne Bancorp's official website?

The official website for ConnectOne Bancorp is www.connectonebank.com.

Where are ConnectOne Bancorp's headquarters?

ConnectOne Bancorp is headquartered at 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ, 07632.

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 3/1/2021 by MarketBeat.com Staff

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