ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank, a chartered commercial bank that provides various commercial banking products and services.
No risks detected for CNOB from our risk checks.
ConnectOne Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$28.51|
|52 Week High||US$13.72|
|52 Week Low||US$29.76|
|1 Month Change||-2.83%|
|3 Month Change||6.82%|
|1 Year Change||102.20%|
|3 Year Change||18.30%|
|5 Year Change||55.28%|
|Change since IPO||1,705.24%|
Recent News & Updates
ConnectOne Bancorp's (NASDAQ:CNOB) Dividend Will Be Increased To US$0.11
ConnectOne Bancorp, Inc. ( NASDAQ:CNOB ) will increase its dividend on the 1st of September to US$0.11. Although the...
ConnectOne Bancorp, Inc.'s (NASDAQ:CNOB) CEO Compensation Is Looking A Bit Stretched At The Moment
CEO Frank Sorrentino has done a decent job of delivering relatively good performance at ConnectOne Bancorp, Inc...
|CNOB||US Banks||US Market|
Return vs Industry: CNOB exceeded the US Banks industry which returned 64.8% over the past year.
Return vs Market: CNOB exceeded the US Market which returned 33% over the past year.
Stable Share Price: CNOB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CNOB's weekly volatility (4%) has been stable over the past year.
About the Company
ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank, a chartered commercial bank that provides various commercial banking products and services. The company’s deposit products include personal and business checking accounts, retirement accounts, money market accounts, 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.
Is ConnectOne Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CNOB ($28.51) is trading below our estimate of fair value ($60.25)
Significantly Below Fair Value: CNOB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CNOB is good value based on its PE Ratio (9.8x) compared to the US Banks industry average (10.6x).
PE vs Market: CNOB is good value based on its PE Ratio (9.8x) compared to the US market (17.5x).
Price to Earnings Growth Ratio
PEG Ratio: CNOB is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: CNOB's PB Ratio (1.2x) is in line with the US Banks industry average.
How is ConnectOne Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CNOB's forecast earnings growth (2.9% per year) is above the savings rate (2%).
Earnings vs Market: CNOB's earnings (2.9% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: CNOB's earnings are forecast to grow, but not significantly.
Revenue vs Market: CNOB's revenue (7.1% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: CNOB's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CNOB's Return on Equity is forecast to be low in 3 years time (11.2%).
How has ConnectOne Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNOB has high quality earnings.
Growing Profit Margin: CNOB's current net profit margins (44.6%) are higher than last year (33.2%).
Past Earnings Growth Analysis
Earnings Trend: CNOB's earnings have grown significantly by 22.3% per year over the past 5 years.
Accelerating Growth: CNOB's earnings growth over the past year (82.6%) exceeds its 5-year average (22.3% per year).
Earnings vs Industry: CNOB earnings growth over the past year (82.6%) exceeded the Banks industry 36%.
Return on Equity
High ROE: CNOB's Return on Equity (12%) is considered low.
How is ConnectOne Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: CNOB's Assets to Equity ratio (8x) is low.
Allowance for Bad Loans: CNOB has a sufficient allowance for bad loans (140%).
Low Risk Liabilities: 92% of CNOB's liabilities are made up of primarily low risk sources of funding.
Loan Level: CNOB has an appropriate level of Loans to Assets ratio (82%).
Low Risk Deposits: CNOB's Loans to Deposits ratio (102%) is appropriate.
Level of Bad Loans: CNOB has an appropriate level of bad loans (0.9%).
What is ConnectOne Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CNOB's dividend (1.54%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: CNOB's dividend (1.54%) is low compared to the top 25% of dividend payers in the US market (3.65%).
Stability and Growth of Payments
Stable Dividend: CNOB's dividends per share have been stable in the past 10 years.
Growing Dividend: CNOB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13.8%), CNOB's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CNOB's dividends in 3 years are forecast to be thoroughly covered by earnings (14.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Frank Sorrentino (59 yo)
Mr. Frank S. Sorrentino, III, has been the Chairman and Chief Executive Officer of ConnectOne Bancorp, Inc. since July 1, 2014 and serves as President since July 1, 2014. Mr. Sorrentino serves as Chief Exe...
CEO Compensation Analysis
Compensation vs Market: Frank's total compensation ($USD2.85M) is about average for companies of similar size in the US market ($USD2.34M).
Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.
Experienced Management: CNOB's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: CNOB's board of directors are considered experienced (7.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
ConnectOne Bancorp, Inc.'s employee growth, exchange listings and data sources
- Name: ConnectOne Bancorp, Inc.
- Ticker: CNOB
- Exchange: NasdaqGS
- Founded: 1982
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.132b
- Shares outstanding: 39.70m
- Website: https://www.connectonebank.com
Number of Employees
- ConnectOne Bancorp, Inc.
- 301 Sylvan Avenue
- Bergen County
- Englewood Cliffs
- New Jersey
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/22 00:13|
|End of Day Share Price||2021/09/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.