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CNOB: Risk Profile Will Improve While Credit Costs And Margins Remain Key

Expansion In New York And New Jersey Will Streamline Operations

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CNOB
AnalystConsensusTarget
Not Invested
Published 24 Sep 2024

Update shared on 18 Dec 2025

Fair value Increased 5.06%
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AnalystConsensusTarget's Fair Value
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1Y
18.8%
7D
-0.3%

Analysts have modestly raised their price target on ConnectOne Bancorp to approximately $30.60 from about $29.13, citing a lower perceived risk profile despite more tempered expectations for revenue growth and profit margins, along with a higher assumed future earnings multiple.

What's in the News

  • ConnectOne Bancorp completed its share repurchase program announced on March 11, 2019, retiring a total of 2,548,882 shares, or about 6.69% of shares, for $58.98 million. No additional shares were repurchased between July 1 and September 30, 2025 (company filing).
  • The bank reported net loan charge offs of $5.14 million for the third quarter ended September 30, 2025, up from $3.51 million in the same quarter a year earlier. This points to some credit quality pressure (company earnings disclosure).

Valuation Changes

  • Fair Value Estimate has risen modestly, increasing from approximately $29.13 to about $30.60 per share.
  • Discount Rate has decreased slightly, moving from roughly 7.45% to about 7.44%, reflecting a marginally lower perceived risk profile.
  • Revenue Growth assumption has fallen significantly, reduced from around 53.14% to about 28.50%, indicating more tempered top line expectations.
  • Net Profit Margin forecast has decreased meaningfully, moving from roughly 54.02% to about 43.14%, suggesting lower anticipated profitability.
  • Future P/E multiple has risen substantially, increasing from about 4.70x to roughly 8.55x, which implies a higher valuation being applied to projected earnings.

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Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.