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S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Biden's Plan to Confiscate Your Cash? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Biden's Plan to Confiscate Your Cash? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Biden's Plan to Confiscate Your Cash? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
Biden's Plan to Confiscate Your Cash? (Ad)

ConnectOne Bancorp - CNOB Stock Forecast, Price & News

$28.25
-0.03 (-0.11%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$27.72
$28.47
50-Day Range
$23.63
$28.28
52-Week Range
$23.18
$37.00
Volume
80,361 shs
Average Volume
161,057 shs
Market Capitalization
$1.11 billion
P/E Ratio
9.05
Dividend Yield
2.19%
Price Target
$30.00

ConnectOne Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
6.2% Upside
$30.00 Price Target
Short Interest
Healthy
1.75% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
1.88mentions of ConnectOne Bancorp in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$149,760 Bought Last Quarter
Proj. Earnings Growth
6.91%
From $3.04 to $3.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Finance Sector

434th out of 926 stocks

State Commercial Banks Industry

94th out of 193 stocks

CNOB stock logo

About ConnectOne Bancorp (NASDAQ:CNOB) Stock

ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the Northern New Jersey and New York Metropolitan area, and South Florida market. The company offers personal and business checking, retirement, money market, and time and savings accounts. It also provides consumer 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; other personal purpose loans; and commercial construction and real estate loans. In addition, the company offers check cards, ATM cards, credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, automated clearing house origination, mobile banking by phone, safe deposit boxes, and remote deposit capture services. It operates through a network of eight banking offices in Bergen County, five banking offices in Union County, one banking office in Morris County, one office in Essex County, one office in Hudson County, one office in Monmouth County, one banking office in Manhattan in New York City, one office in Nassau County on Long Island, one in Astoria, and five branches in the Hudson Valley, as well as one financial center in West Palm Beach in Palm Beach County. 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.

Analyst Ratings Changes

CNOB has been the topic of a number of analyst reports. Raymond James reduced their price objective on ConnectOne Bancorp from $33.00 to $28.00 and set an "outperform" rating on the stock in a research report on Thursday, July 7th. Stephens lifted their price objective on ConnectOne Bancorp from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 2nd.

ConnectOne Bancorp Trading Down 0.1 %

NASDAQ:CNOB traded down $0.03 on Monday, reaching $28.25. The company's stock had a trading volume of 80,361 shares, compared to its average volume of 161,057. ConnectOne Bancorp has a 12-month low of $23.18 and a 12-month high of $37.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 9.05 and a beta of 1.25. The stock has a 50 day moving average price of $25.59 and a 200 day moving average price of $28.89.

ConnectOne Bancorp (NASDAQ:CNOB - Get Rating) last posted its earnings results on Thursday, July 28th. The financial services provider reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.02. ConnectOne Bancorp had a return on equity of 12.69% and a net margin of 38.52%. During the same period in the prior year, the company earned $0.81 EPS. On average, equities analysts anticipate that ConnectOne Bancorp will post 3.04 EPS for the current fiscal year.

ConnectOne Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be given a $0.155 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.62 dividend on an annualized basis and a yield of 2.19%. ConnectOne Bancorp's dividend payout ratio is currently 19.87%.

Insider Buying and Selling at ConnectOne Bancorp

In other news, Director Stephen T. Boswell acquired 6,000 shares of the company's stock in a transaction dated Thursday, June 16th. The stock was acquired at an average cost of $24.96 per share, with a total value of $149,760.00. Following the completion of the purchase, the director now owns 61,657 shares of the company's stock, valued at approximately $1,538,958.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.58% of the company's stock.

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CNOB Stock News Headlines

Recap: ConnectOne Bancorp Q2 Earnings
ConnectOne Bancorp Inc - Stock Financials CNOB
Recap: ConnectOne Bancorp Q1 Earnings
ConnectOne Bancorp raises dividend 19% to $0.155
RSI Alert: ConnectOne Bancorp Now Oversold
See More Headlines
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CNOB Company Calendar

Ex-Dividend for 6/1 Dividend
5/13/2022
Dividend Payable
6/01/2022
Last Earnings
7/28/2022
Ex-Dividend for 9/1 Dividend
8/12/2022
Today
8/15/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:CNOB
Employees
411
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$30.00
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+6.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$130.35 million
Pretax Margin
52.40%

Debt

Sales & Book Value

Annual Sales
$317.43 million
Cash Flow
$3.40 per share
Book Value
$25.59 per share

Miscellaneous

Free Float
36,661,000
Market Cap
$1.11 billion
Optionable
Optionable
Beta
1.25

Key Executives

  • Mr. Frank S. Sorrentino III (Age 60)
    Chairman, Pres & CEO
    Comp: $1.79M
  • Mr. William S. Burns (Age 62)
    Sr. EVP & CFO
    Comp: $782.04k
  • Mr. Christopher J. Ewing (Age 62)
    Exec. VP & COO
    Comp: $685.04k
  • Ms. Laura Criscione (Age 53)
    Exec. VP, Corp. Sec. & Chief Compliance Officer
    Comp: $498.43k
  • Ms. Elizabeth Magennis (Age 52)
    Pres of ConnectOne Bank
    Comp: $813.43k
  • Ms. Siya Vansia
    VP of Marketing
  • Mr. Michael Rozman
    Pres of BoeFly Division
  • Mr. Joseph T. Javitz (Age 64)
    First Sr. VP & Chief Credit Officer













CNOB Stock - Frequently Asked Questions

Should I buy or sell ConnectOne Bancorp stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ConnectOne Bancorp in the last twelve months. 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.

What is ConnectOne Bancorp's stock price forecast for 2022?

2 analysts have issued 1-year target prices 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 twelve months. This suggests a possible upside of 6.2% from the stock's current price.
View analysts price targets for CNOB
or view top-rated stocks among Wall Street analysts.

How have CNOB shares performed in 2022?

ConnectOne Bancorp's stock was trading at $32.71 on January 1st, 2022. Since then, CNOB shares have decreased by 13.6% and is now trading at $28.25.
View the best growth stocks for 2022 here
.

When is ConnectOne Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our CNOB earnings forecast
.

How were ConnectOne Bancorp's earnings last quarter?

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) announced its earnings results on Thursday, July, 28th. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.02. ConnectOne Bancorp had a trailing twelve-month return on equity of 12.69% and a net margin of 38.52%. During the same period last year, the firm posted $0.81 EPS.

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

ConnectOne Bancorp declared a quarterly dividend on Thursday, July 28th. Shareholders 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 dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for CNOB
.

Is ConnectOne Bancorp a good dividend stock?

ConnectOne Bancorp (NASDAQ:CNOB) pays an annual dividend of $0.62 per share and currently has a dividend yield of 2.19%. 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 19.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNOB.

What is Frank Sorrentino's approval rating as ConnectOne Bancorp's CEO?

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.

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 variety of retail and institutional investors. Top institutional investors include William Blair Investment Management LLC (3.01%), FMR LLC (2.99%), JPMorgan Chase & Co. (1.58%), Millennium Management LLC (1.55%), Peregrine Capital Management LLC (1.15%) and Northern Trust Corp (1.07%). Insiders that own company stock include Frank Huttle III, Frank Sorrentino III, Frank W Baier, Joseph Jr Parisi, Katherin Nukk-Freeman, Kevin Rendino, Michael W Kempner, Stephen T Boswell, Stephen T Boswell and William Thompson.
View institutional ownership trends
.

How do I buy shares of ConnectOne Bancorp?

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.
Compare Top Brokerages Here.

What is ConnectOne Bancorp's stock price today?

One share of CNOB stock can currently be purchased for approximately $28.25.

How much money does ConnectOne Bancorp make?

ConnectOne Bancorp (NASDAQ:CNOB) has a market capitalization of $1.11 billion 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.

How many employees does ConnectOne Bancorp have?

The company employs 411 workers across the globe.

How can I contact ConnectOne Bancorp?

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.

This page (NASDAQ:CNOB) was last updated on 8/16/2022 by MarketBeat.com Staff

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