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

19.79USD-0.10 (-0.50%)Market Closed

Market Summary

USD19.79-0.10

Market Closed

-0.50%

CNOB Alerts

Big fall in earnings (Y/Y)

CNOB Stock Price

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CNOB RSI Chart

CNOB Valuation

Market Cap

758.6M

Price/Earnings (Trailing)

9.75

Price/Sales (Trailing)

1.51

EV/EBITDA

1.34

Price/Free Cashflow

8.22

CNOB Price/Sales (Trailing)

CNOB Profitability

EBT Margin

21.06%

Return on Equity

6.39%

Return on Assets

0.79%

Free Cashflow Yield

12.17%

CNOB Fundamentals

CNOB Revenue

Revenue (TTM)

503.6M

Rev. Growth (Yr)

11.64%

Rev. Growth (Qtr)

0.5%

CNOB Earnings

Earnings (TTM)

77.8M

Earnings Growth (Yr)

-37.04%

Earnings Growth (Qtr)

-18.56%

Breaking Down CNOB Revenue

Last 7 days

0.8%

Last 30 days

10.8%

Last 90 days

-1.3%

Trailing 12 Months

43.6%

How does CNOB drawdown profile look like?

CNOB Financial Health

Debt/Equity

0.41

Debt/Cashflow

0.19

CNOB Investor Care

Dividend Yield

3.36%

Dividend/Share (TTM)

0.67

Buy Backs (1Y)

2.16%

Diluted EPS (TTM)

1.89

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	503.6M	0	0	0
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?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 13, 2024	Brandywine Global Investment Management, LLC	added	2.15	-1,459,830	9,720,220	0.07%
May 13, 2024	O'SHAUGHNESSY ASSET MANAGEMENT, LLC	added	0.74	-101,119	608,381	0.01%
May 13, 2024	ENVESTNET ASSET MANAGEMENT INC	added	3.97	-296,966	2,284,290	-%
May 13, 2024	CANADA LIFE ASSURANCE Co	unchanged	-	-12,000	67,000	-%
May 13, 2024	Ameritas Investment Partners, Inc.	unchanged	-	-12,565	71,858	-%
May 13, 2024	BANC FUNDS CO LLC	reduced	-20.49	-4,453,000	9,323,000	1.05%
May 13, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.86	-65,159	352,170	-%
May 13, 2024	Atria Wealth Solutions, Inc.	added	0.01	-36,256	207,473	-%
May 13, 2024	FMR LLC	added	2.27	-10,014,300	67,323,600	-%
May 13, 2024	FRANKLIN RESOURCES INC	new	-	3,319,250	3,319,250	-%

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

CNOB Alerts

Big fall in earnings (Y/Y)

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
May 03, 2024	10-Q	Quarterly Report
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

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	578.6B	174.7B	10.22%	48.98%	11.49	3.31	53.11%	19.83%
BAC	301.1B	137.9B	7.57%	39.24%	12.03	2.18	56.12%	-12.56%
WFC	215.7B	85.8B	9.58%	59.61%	11.49	2.51	35.02%	26.14%
C	121.3B	125.0B	6.53%	38.07%	15.17	0.97	37.85%	-
CFG	16.6B	10.4B	9.93%	41.37%	11.58	1.59	26.22%	-33.87%
KEY	14.2B	8.1B	3.29%	57.35%	16.28	1.75	32.15%	-50.93%
MID-CAP
CMA	7.2B	4.2B	5.39%	57.43%	10.3	1.69	34.68%	-45.96%
ZION	6.6B	4.1B	9.56%	86.36%	10.46	1.61	32.93%	-30.73%
ABCB	3.5B	1.3B	10.65%	65.52%	12.2	2.63	30.60%	-12.99%
ASB	3.4B	2.0B	10.14%	49.70%	20.99	1.66	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	408.4M	152.4M	3.25%	44.20%	41.08	2.68	16.94%	-73.84%
AROW	397.6M	173.1M	8.57%	24.92%	13.63	2.3	26.54%	-34.86%
ACNB	287.5M	98.7M	3.12%	13.90%	9.77	2.91	6.27%	-22.90%
ASRV	45.4M	62.5M	10.88%	-6.69%	-15.37	0.73	18.83%	-145.18%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.5%	130	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
EBITDA Margin	-7.3%	0.71*	0.77*	0.87*	0.98*	1.13*	1.28*	1.38*	1.45*	1.46*	1.46*	1.41*	1.35*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.5%	60.00	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
Income Taxes	-5.4%	6.00	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
Earnings Before Taxes	-9.4%	23.00	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
EBT Margin	-11.8%	0.21*	0.24*	0.29*	0.33*	0.40*	0.46*	0.50*	0.55*	0.56*	0.58*	0.55*	0.51*	-	-	-	-	-	-	-	-	-
Net Income	-18.6%	16.00	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
Net Income Margin	-13.0%	0.15*	0.18*	0.21*	0.24*	0.29*	0.34*	0.37*	0.40*	0.42*	0.43*	0.43*	0.39*	-	-	-	-	-	-	-	-	-
Free Cashflow	-18.0%	20.00	25.00	26.00	21.00	14.00	81.00	23.00	25.00	45.00	47.00	33.00	39.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.0%	9,854	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
Cash Equivalents	14.4%	278	243	253	320	562	268	334	299	312	266	413	349	260	304	256	349	283	201	194	186	173
Net PPE	-3.1%	30.00	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
Goodwill	0%	208	208	208	208	208	208	208	208	208	208	208	208	208	208	208	208	208	163	163	163	156
Liabilities	0.0%	8,637	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
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	512	597	603
Shareholder's Equity	0.0%	1,217	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
Retained Earnings	1.5%	600	591	580	566	553	536	511	490	465	440	414	386	358	332	310	289	274	272	254	236	220
Additional Paid-In Capital	-1.0%	33.00	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
Shares Outstanding	-0.5%	38.00	39.00	39.00	39.00	39.00	39.00	39.00	39.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-27.6%	20,522	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
Share Based Compensation	-17.3%	1,008	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
Cashflow From Investing	119.2%	33,073	-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
Cashflow From Financing	-114.0%	-18,726	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
Dividend Payments	-0.3%	6,548	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
Buy Backs	166.0%	5,820	2,188	6,231	4,225	4,853	-	1,877	6,464	4,786	1,358	5,632	-	-	-	-	-	-	-	-	-	-

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CNOB Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and fees on loans	$ 120,088	$ 106,903
Interest and dividends on investment securities:
Taxable	4,334	4,229
Tax-exempt	1,154	1,092
Dividends	1,125	898
Interest on federal funds sold and other short-term investments	2,906	2,975
Total interest income	129,607	116,097
Interest expense
Deposits	60,407	40,087
Borrowings	8,900	8,926
Total interest expense	69,307	49,013
Net interest income	60,300	67,084
Provision for credit losses	4,000	1,000
Net interest income after provision for credit losses	56,300	66,084
Noninterest income
Deposit, loan and other income	1,592	1,403
Income on bank owned life insurance	1,664	1,531
Net gains on sale of loans held-for-sale	506	49
Net gain (losses) on equity securities	86	(191)
Total noninterest income	3,848	2,792
Noninterest expenses
Salaries and employee benefits	22,196	22,261
Occupancy and equipment	3,009	2,761
FDIC insurance	1,800	950
Professional and consulting	1,928	2,194
Marketing and advertising	677	532
Information technology and communications	4,389	3,061
Amortization of core deposit intangibles	321	372
Other components of net periodic pension expense	(65)	(25)
Other expenses	2,810	2,764
Total noninterest expenses	37,065	34,870
Income before income tax expense	23,083	34,006
Income tax expense	5,878	9,077
Net income	17,205	24,929
Preferred dividends	1,509	1,509
Net income available to common stockholders	$ 15,696	$ 23,420
Earnings per common share:
Basic (in dollars per share)	$ 0.41	$ 0.6
Diluted (in dollars per share)	$ 0.41	$ 0.59

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 Tue May 14 2024, market cap of ConnectOne Bancorp Inc is 758.61 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 Tue May 14 2024, CNOB's PE ratio (Price to Earnings) is 9.75 and Price to Sales (PS) ratio is 1.51. 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 0.024 (multiply by 100 for percentage) rate of return.