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NASDAQ:CNOBConnectOne Bancorp Stock Price, Forecast & News

$13.21
-0.71 (-5.10 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$13.12
Now: $13.21
$13.89
50-Day Range
$13.21
MA: $14.94
$17.60
52-Week Range
$8.85
Now: $13.21
$26.50
Volume232,500 shs
Average Volume230,363 shs
Market Capitalization$524.57 million
P/E Ratio6.99
Dividend Yield2.73%
Beta1.37
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.8Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.25 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CNOB
CUSIPN/A
Phone201-816-8900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$279.52 million
Cash Flow$2.34 per share
Book Value$20.67 per share

Profitability

Net Income$73.39 million

Miscellaneous

EmployeesN/A
Market Cap$524.57 million
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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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 Coronavirus reached pandemic status according to the World Health Organization. Since then, CNOB shares have decreased by 20.9% and is now trading at $13.21. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is ConnectOne Bancorp's next earnings date?

ConnectOne Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. 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, 30th. The financial services provider reported $0.15 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.39 by $0.24. The financial services provider earned $58.14 million during the quarter, compared to analyst estimates of $56.62 million. ConnectOne Bancorp had a net margin of 23.20% and a return on equity of 10.15%. 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 Wednesday, April 15th. Stockholders of record on Monday, April 27th will be given a dividend of $0.09 per share on Monday, May 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, April 24th. View ConnectOne Bancorp's dividend history.

What price target have analysts set for CNOB?

2 brokerages have issued 1-year target prices for ConnectOne Bancorp's stock. Their forecasts range from $21.00 to $29.50. On average, they expect ConnectOne Bancorp's stock price to reach $25.25 in the next twelve months. This suggests a possible upside of 91.1% from the stock's current price. View analysts' price targets for ConnectOne Bancorp.

Has ConnectOne Bancorp been receiving favorable news coverage?

Press coverage about CNOB stock has been trending somewhat negative recently, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ConnectOne Bancorp earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news 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 impact on the company's share price in the next few days. View the latest news about ConnectOne Bancorp.

Who are some of ConnectOne Bancorp's key 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), Harley-Davidson (HOG), Altria Group (MO), Netflix (NFLX), PepsiCo (PEP), Tc Pipelines (TRP), Wells Fargo & Co (WFC), Apple Hospitality REIT (APLE) and Biogen (BIIB).

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."

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 $13.21.

How big of a company is ConnectOne Bancorp?

ConnectOne Bancorp has a market capitalization of $524.50 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.

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 7/11/2020 by MarketBeat.com Staff

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