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NASDAQ:CNOBConnectOne Bancorp Stock Price, Forecast & News

$16.02
+1.04 (+6.94 %)
(As of 05/27/2020 04:00 PM ET)
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Today's Range
$15.11
Now: $16.02
$16.14
50-Day Range
$11.48
MA: $13.68
$16.33
52-Week Range
$8.85
Now: $16.02
$26.50
Volume322,400 shs
Average Volume148,697 shs
Market Capitalization$636.15 million
P/E Ratio8.48
Dividend Yield2.40%
Beta1.35
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: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.01 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$2.50 per share
Book Value$21.50 per share

Profitability

Net Income$73.39 million

Miscellaneous

EmployeesN/A
Market Cap$636.15 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 COVID-19 reached pandemic status according to the World Health Organization. Since then, CNOB shares have decreased by 4.0% and is now trading at $16.02. 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) issued 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 analysts' expectations 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 announced 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 annualized dividend and a dividend yield of 2.25%. 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 price objectives for ConnectOne Bancorp's stock. Their forecasts range from $21.00 to $29.50. On average, they expect ConnectOne Bancorp's share price to reach $25.25 in the next year. This suggests a possible upside of 57.6% from the stock's current price. View analysts' price targets for ConnectOne Bancorp.

Has ConnectOne Bancorp been receiving favorable news coverage?

News articles about CNOB stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. ConnectOne Bancorp earned a news sentiment score of -2.8 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutConnectOne 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."

Who are ConnectOne Bancorp's major shareholders?

ConnectOne Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.43%), Investment Counselors of Maryland LLC (2.68%), Castine Capital Management LLC (2.03%), State Street Corp (1.91%), JPMorgan Chase & Co. (1.55%) and Geode Capital Management LLC (1.28%). 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 Hillsdale Investment Management Inc., Banc Funds Co. LLC, Hennessy Advisors Inc., ClariVest Asset Management LLC, Morgan Stanley, Nuveen Asset Management LLC, WINTON GROUP Ltd, and Parametric Portfolio Associates LLC. 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 Castine Capital Management LLC, JPMorgan Chase & Co., Rothschild & Co. Asset Management US Inc., Alliancebernstein L.P., Stieven Capital Advisors L.P., BHZ Capital Management LP, Geode Capital Management LLC, and Monarch Partners Asset Management LLC. 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 $16.02.

How big of a company is ConnectOne Bancorp?

ConnectOne Bancorp has a market capitalization of $636.15 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 5/28/2020 by MarketBeat.com Staff

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