CNOB - ConnectOne Bancorp Inc Stock Price, Fair Value and News

18.28USD-0.18 (-0.98%)Delayed

Market Summary

USD18.28-0.18

Delayed

-0.98%

CNOB Stock Price

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CNOB RSI Chart

CNOB Valuation

Market Cap

702.0M

Price/Earnings (Trailing)

8.07

Price/Sales (Trailing)

1.43

EV/EBITDA

1.22

Price/Free Cashflow

8.21

CNOB Price/Sales (Trailing)

CNOB Profitability

EBT Margin

23.87%

Return on Equity

7.15%

Return on Assets

0.88%

Free Cashflow Yield

12.17%

CNOB Fundamentals

CNOB Revenue

Revenue (TTM)

490.1M

Rev. Growth (Yr)

14.66%

Rev. Growth (Qtr)

4.26%

CNOB Earnings

Earnings (TTM)

87.0M

Earnings Growth (Yr)

-40.8%

Earnings Growth (Qtr)

-9.97%

Breaking Down CNOB Revenue

Last 7 days

-1.9%

Last 30 days

-5.6%

Last 90 days

-21.3%

Trailing 12 Months

17.9%

How does CNOB drawdown profile look like?

CNOB Financial Health

Debt/Equity

0.41

Debt/Cashflow

0.19

CNOB Investor Care

Dividend Yield

3.64%

Dividend/Share (TTM)

0.67

Buy Backs (1Y)

1.91%

Diluted EPS (TTM)

2.07

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	410.9M	446.9M	473.6M	490.1M
2022	308.1M	320.4M	340.3M	373.7M
2021	304.1M	298.5M	298.3M	301.7M
2020	283.0M	293.8M	300.6M	308.2M
2019	230.9M	245.7M	260.7M	271.5M
2018	190.7M	200.1M	209.1M	216.1M
2017	163.8M	167.5M	172.6M	181.3M
2016	146.1M	152.0M	157.0M	161.2M
2015	113.2M	133.0M	136.9M	141.0M
2014	57.5M	57.9M	75.7M	94.2M
2013	56.0M	56.5M	56.9M	57.3M
2012	52.5M	53.1M	54.3M	55.3M
2011	48.9M	49.3M	50.2M	51.9M
2010	0	50.3M	49.5M	48.7M
2009	0	0	0	51.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of ConnectOne Bancorp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 25, 2024	criscione laura	sold (taxes)	-8,237	18.98	-434	evp & chief compliance officer
Mar 25, 2024	o'malley michael	sold (taxes)	-8,863	18.98	-467	evp & chief risk officer
Mar 25, 2024	burns william s	sold (taxes)	-20,194	18.98	-1,064	senior evp & cfo
Mar 25, 2024	sorrentino frank iii	sold (taxes)	-85,941	18.98	-4,528	chairman & ceo
Mar 25, 2024	magennis elizabeth	sold (taxes)	-21,713	18.98	-1,144	evp & bank president
Mar 23, 2024	magennis elizabeth	sold (taxes)	-21,196	19.01	-1,115	evp & bank president
Mar 23, 2024	sorrentino frank iii	sold (taxes)	-77,655	19.01	-4,085	chairman & ceo
Mar 23, 2024	burns william s	sold (taxes)	-20,245	19.01	-1,065	senior evp & cfo
Mar 23, 2024	criscione laura	sold (taxes)	-8,516	19.01	-448	evp & chief compliance officer
Mar 22, 2024	o'malley michael	acquired	-	-	3,480	evp & chief risk officer

Which funds bought or sold CNOB recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Lindbrook Capital, LLC	unchanged	-	-5,077	29,036	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-3.82	-923,238	4,168,130	-%
Apr 25, 2024	Allworth Financial LP	reduced	-0.7	-4,078	22,269	-%
Apr 25, 2024	SIMPLEX TRADING, LLC	sold off	-100	-1,000	-	-%
Apr 25, 2024	Mesirow Financial Investment Management, Inc.	sold off	-100	-342,693	-	-%
Apr 25, 2024	Tilson Financial Group, Inc.	added	0.85	-90,000	544,000	0.29%
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	unchanged	-	-19,324	110,507	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-60.57	-50,000	25,000	-%
Apr 23, 2024	Global Retirement Partners, LLC	added	0.88	-1,248	8,949	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	99,406	448,303	-%

Are Funds Buying or Selling CNOB?

Are funds buying CNOB calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CNOB

No. of Funds

Unveiling ConnectOne Bancorp Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 05, 2024	blackrock inc.	10.6%	4,056,652	SC 13G/A
Feb 13, 2024	vanguard group inc	5.41%	2,090,143	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.9%	2,270,093	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G
Jan 24, 2024	blackrock inc.	9.9%	3,803,974	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	6.6%	2,589,592	SC 13G/A
Feb 09, 2023	vanguard group inc	5.00%	1,962,278	SC 13G
Jan 30, 2023	blackrock inc.	7.8%	3,056,648	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	5.9%	2,336,433	SC 13G/A

Recent SEC filings of ConnectOne Bancorp Inc

View All Filings

Date Filed	Form Type	Document
Apr 25, 2024	8-K	Current Report
Apr 11, 2024	8-K	Current Report
Apr 11, 2024	DEF 14A	DEF 14A
Apr 11, 2024	DEFA14A	DEFA14A
Apr 05, 2024	SC 13G/A	Major Ownership Report
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading

Peers (Alternatives to ConnectOne Bancorp Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	557.3B	171.1B	-3.02%	41.18%	11.25	3.26	60.72%	31.52%
BAC	297.7B	130.3B	-	30.88%	11.23	2.29	79.51%	-3.68%
WFC	214.3B	85.7B	3.98%	51.03%	11.19	2.5	41.49%	39.96%
C	119.7B	133.3B	-0.18%	34.65%	12.97	0.9	79.09%	-
CFG	16.1B	10.2B	-1.93%	16.75%	10.02	1.58	44.53%	-22.43%
KEY	13.7B	7.9B	-6.07%	34.16%	14.19	1.73	46.47%	-49.56%
MID-CAP
CMA	6.9B	4.2B	-4.02%	25.94%	9.92	1.62	34.68%	-45.96%
ZION	6.2B	3.9B	-3.20%	57.15%	9.1	1.57	45.91%	-25.03%
ABCB	3.3B	1.3B	-0.60%	41.74%	12.27	2.58	43.24%	-22.35%
ASB	3.3B	2.0B	1.46%	20.10%	17.81	1.66	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	400.7M	164.9M	-6.54%	37.44%	34.26	2.43	42.66%	-70.76%
AROW	378.6M	162.6M	-8.08%	4.96%	12.59	2.33	25.39%	-38.37%
ACNB	280.5M	96.6M	-10.60%	4.96%	8.85	2.9	11.02%	-11.37%
ASRV	45.1M	60.9M	-2.95%	-12.04%	-13.48	0.74	24.06%	-144.92%

ConnectOne Bancorp Inc News

Latest updates

ConnectOne Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	4.3%	129	124	121	116	112	97.00	85.00	79.00	79.00	77.00	73.00	73.00	76.00	77.00	79.00	77.00	68.00	70.00	68.00	65.00	57.00
EBITDA Margin	-11.7%	0.77*	0.87*	0.98*	1.13*	1.28*	1.38*	1.45*	1.46*	1.46*	1.41*	1.35*	1.23*	-	-	-	-	-	-	-	-	-
Interest Expenses	-0.9%	62.00	62.00	64.00	67.00	78.00	78.00	76.00	70.00	70.00	68.00	63.00	61.00	61.00	61.00	61.00	55.00	47.00	48.00	46.00	45.00	40.00
Income Taxes	-14.0%	6.00	7.00	7.00	9.00	12.00	10.00	12.00	11.00	12.00	11.00	11.00	11.00	8.00	8.00	3.00	1.00	6.00	6.00	6.00	2.00	4.00
Earnings Before Taxes	-11.0%	25.00	29.00	29.00	34.00	45.00	39.00	44.00	43.00	45.00	43.00	43.00	44.00	33.00	33.00	17.00	7.00	27.00	28.00	25.00	14.00	22.00
EBT Margin	-17.1%	0.24*	0.29*	0.33*	0.40*	0.46*	0.50*	0.55*	0.56*	0.58*	0.55*	0.51*	0.42*	-	-	-	-	-	-	-	-	-
Net Income	-10.0%	19.00	21.00	21.00	25.00	33.00	29.00	32.00	31.00	33.00	32.00	32.00	33.00	26.00	25.00	15.00	6.00	21.00	22.00	19.00	12.00	19.00
Net Income Margin	-16.2%	0.18*	0.21*	0.24*	0.29*	0.34*	0.37*	0.40*	0.42*	0.43*	0.43*	0.39*	0.32*	-	-	-	-	-	-	-	-	-
Free Cashflow	-6.1%	25.00	26.00	21.00	14.00	81.00	23.00	25.00	45.00	47.00	33.00	39.00	80.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.8%	9,856	9,679	9,724	9,960	9,645	9,478	8,842	8,334	8,129	7,950	7,710	7,450	7,547	7,450	7,617	7,279	6,174	6,161	6,109	6,049	5,462
Cash Equivalents	-4.2%	243	253	320	562	268	334	299	312	266	413	349	260	304	256	349	283	201	194	186	173	172
Net PPE	8.3%	31.00	28.00	29.00	30.00	28.00	29.00	28.00	29.00	29.00	30.00	29.00	29.00	30.00	30.00	31.00	33.00	19.00	20.00	20.00	20.00	19.00
Goodwill	0%	208	208	208	208	208	208	208	208	208	208	208	208	208	208	208	208	163	163	163	156	146
Liabilities	1.7%	8,639	8,491	8,525	8,769	8,466	8,330	7,698	7,196	7,005	6,851	6,745	6,514	6,632	6,559	6,749	6,426	5,443	5,441	5,410	5,367	4,848
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	512	597	603	600
Shareholder's Equity	2.4%	1,217	1,188	1,199	1,191	1,179	1,148	1,143	1,139	1,124	1,098	965	936	915	891	868	854	731	720	699	682	614
Retained Earnings	1.9%	591	580	566	553	536	511	490	465	440	414	386	358	332	310	289	274	272	254	236	220	211
Additional Paid-In Capital	3.6%	33.00	32.00	31.00	31.00	30.00	29.00	28.00	28.00	27.00	26.00	25.00	24.00	24.00	23.00	22.00	22.00	21.00	20.00	20.00	17.00	16.00
Shares Outstanding	-0.3%	39.00	39.00	39.00	39.00	39.00	39.00	39.00	40.00	40.00	40.00	40.00	40.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	605	-	-	-	1,026	-	-	-	969	-	-	-	593	-	-	-	737	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	5.2%	28,330	26,923	21,264	16,374	81,831	23,979	25,123	45,844	47,629	35,189	39,324	80,131	-18,631	24,016	29,279	46,461	-2,666	28,087	22,268	12,999	21,725
Share Based Compensation	-4.5%	1,219	1,276	1,222	1,143	1,370	1,220	1,152	1,147	1,349	1,200	1,000	972	932	800	700	536	799	673	642	828	1,385
Cashflow From Investing	-337.0%	-172,321	-39,437	-9,724	-26,556	-213,649	-629,883	-539,486	-160,214	-337,164	-178,434	-179,884	5,622	-11,214	77,945	-294,732	-95,364	16,302	-41,998	-41,427	-35,344	-75,656
Cashflow From Financing	346.5%	133,407	-54,112	-254,032	304,283	66,289	640,428	502,139	160,378	141,876	207,023	229,885	-129,417	77,482	-195,203	332,005	130,229	-6,162	22,270	32,261	22,527	70,449
Dividend Payments	-0.8%	6,570	6,620	6,648	6,074	6,090	4,211	7,975	5,152	5,148	4,381	4,380	3,584	3,582	7,190	-31.00	3,576	3,123	3,186	3,194	2,657	2,421
Buy Backs	-64.9%	2,188	6,231	4,225	4,853	-	1,877	6,464	4,786	1,358	5,632	-	-	-	-	-	-	-	-	-	-	-

CNOB Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest and fees on loans	$ 453,992	$ 352,993	$ 293,546
Interest and dividends on investment securities:
Taxable	16,666	12,712	4,413
Tax-exempt	4,641	3,893	2,403
Dividends	3,662	1,655	971
Interest on federal funds sold and other short-term investments	11,104	2,493	405
Total interest income	490,065	373,746	301,738
Interest expense:
Deposits	206,176	50,561	24,768
Borrowings	28,783	21,066	14,092
Total interest expense	234,959	71,627	38,860
Net interest income	255,106	302,119	262,878
Provision for (reversal of) credit losses	8,200	17,750	(5,500)
Net interest income after provision for credit losses	246,906	284,369	268,378
Noninterest income:
Deposit, loan and other income	6,098	7,472	6,617
Income on bank owned life insurance	6,316	5,597	4,771
Net gains on sale of loans held-for-sale	1,704	1,695	3,807
Gain on sale of branches	0	0	674
Net losses on equity securities	(117)	(1,521)	(373)
Net gains on sale/redemption of investment securities	0	0	195
Total noninterest income	14,001	13,243	15,691
Noninterest expense:
Salaries and employee benefits	88,325	81,289	64,341
Occupancy and equipment	10,884	9,865	11,638
FDIC insurance	8,365	2,881	2,665
Professional and consulting	7,547	8,053	8,286
Marketing and advertising	1,965	1,692	1,318
Information technology and communications	14,340	11,108	11,267
Amortization of core deposit intangible	1,438	1,685	1,981
Net periodic pension income	(102)	(572)	(269)
Increase in value of acquisition price	0	1,516	0
Other expenses	11,187	8,871	7,784
Total noninterest expenses	143,949	126,388	109,011
Income before income tax expense	116,958	171,224	175,058
Income tax expense	29,955	46,013	44,705
Net income	87,003	125,211	130,353
Preferred dividends	6,036	6,037	1,717
Net income available to common stockholders	$ 80,967	$ 119,174	$ 128,636
Earnings per common share:
Basic (in dollars per share)	$ 2.08	$ 3.03	$ 3.24
Diluted (in dollars per share)	$ 2.07	$ 3.01	$ 3.22

About ConnectOne Bancorp Inc

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 New York Metropolitan area and South Florida market. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking. It also provides retirement accounts, consumers and cash management services for business clients, including treasury direct, automated clearing house, remote deposit capture, and digital invoicing. In addition, the company offers consumer and commercial business loans, including lines of credit, commercial and residential mortgages, home equity and bridge loans, and other personal loans; commercial loans secured by collateral, such as business assets comprising accounts receivable, inventory and equipment, and mortgages filed on commercial and residential real estate, as well as cash balances and marketable securities. Further, it provides real estate loans, which includes loans secured by first liens on completed commercial properties, including multi-family properties, to purchase or refinance properties; residential mortgages, such as loans secured by first liens on 1-4 family and condominium; and cooperative residential real estate loans. 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.

CEO	Mr. Frank S. Sorrentino III
WEBSITE	connectonebank.com
INDUSTRY	Banks Diversified
EMPLOYEES	507

ConnectOne Bancorp Inc Frequently Asked Questions

What is the ticker symbol for ConnectOne Bancorp Inc? What does CNOB stand for in stocks?

CNOB is the stock ticker symbol of ConnectOne Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of ConnectOne Bancorp Inc (CNOB)?

As of Fri Apr 26 2024, market cap of ConnectOne Bancorp Inc is 702.03 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CNOB stock?

You can check CNOB's fair value in chart for subscribers.

What is the fair value of CNOB stock?

You can check CNOB's fair value in chart for subscribers. The fair value of ConnectOne Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of ConnectOne Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CNOB so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is ConnectOne Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether CNOB is over valued or under valued. Whether ConnectOne Bancorp Inc is cheap or expensive depends on the assumptions which impact ConnectOne Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CNOB.

What is ConnectOne Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, CNOB's PE ratio (Price to Earnings) is 8.07 and Price to Sales (PS) ratio is 1.43. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CNOB PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on ConnectOne Bancorp Inc's stock?

In the past 10 years, ConnectOne Bancorp Inc has provided 0.01 (multiply by 100 for percentage) rate of return.