Stock Analysis Report

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Executive Summary

ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank, a state chartered bank that provides various commercial banking products and services. More Details

Snowflake Analysis

Flawless balance sheet established dividend payer.

Similar Companies

Share Price & News

How has ConnectOne Bancorp's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: CNOB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CNOB's weekly volatility (6%) has been stable over the past year.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: CNOB underperformed the US Banks industry which returned 35.5% over the past year.

Return vs Market: CNOB underperformed the US Market which returned 36.2% over the past year.

Shareholder returns

7 Day11.2%4.5%-0.4%
30 Day11.3%12.3%-2.9%
90 Day31.7%26.1%5.0%
1 Year32.5%29.6%40.3%35.5%39.1%36.2%
3 Year-13.1%-17.3%13.1%3.4%48.4%39.0%
5 Year71.6%58.6%100.7%75.2%116.5%92.4%

Long-Term Price Volatility Vs. Market

How volatile is ConnectOne Bancorp's share price compared to the market and industry in the last 5 years?

Simply Wall St News


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 ($25.83) is trading below our estimate of fair value ($40.84)

Significantly Below Fair Value: CNOB is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: CNOB is poor value based on its PE Ratio (14.4x) compared to the US Banks industry average (13.1x).

PE vs Market: CNOB is good value based on its PE Ratio (14.4x) compared to the US market (21.5x).

Price to Earnings Growth Ratio

PEG Ratio: CNOB is poor value based on its PEG Ratio (1x)

Price to Book Ratio

PB vs Industry: CNOB's PB Ratio (1.1x) is in line with the US Banks industry average.

Next Steps

Future Growth

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 (14.3% per year) is above the savings rate (2%).

Earnings vs Market: CNOB's earnings (14.3% per year) are forecast to grow slower than the US market (19.2% per year).

High Growth Earnings: CNOB's earnings are forecast to grow, but not significantly.

Revenue vs Market: CNOB's revenue (7.5% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: CNOB's revenue (7.5% 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 (10%).

Next Steps

Past Performance

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 (33.6%) are lower than last year (39.2%).

Past Earnings Growth Analysis

Earnings Trend: CNOB's earnings have grown by 16.6% per year over the past 5 years.

Accelerating Growth: CNOB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CNOB had negative earnings growth (-2.9%) over the past year, making it difficult to compare to the Banks industry average (0.5%).

Return on Equity

High ROE: CNOB's Return on Equity (7.8%) is considered low.

Next Steps

Financial Health

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

Balance Sheet

Financial Institutions Analysis

Asset Level: CNOB's Assets to Equity ratio (8.2x) is low.

Allowance for Bad Loans: CNOB has a sufficient allowance for bad loans (128%).

Low Risk Liabilities: 90% 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 (103%) is appropriate.

Level of Bad Loans: CNOB has an appropriate level of bad loans (1%).

Next Steps


What is ConnectOne Bancorp current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CNOB's dividend (1.39%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: CNOB's dividend (1.39%) is low compared to the top 25% of dividend payers in the US market (3.64%).

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 (20.1%), CNOB's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: CNOB's dividends in 3 years are forecast to be thoroughly covered by earnings (14.9% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Frank Sorrentino (58 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 ($USD2.59M) is about average for companies of similar size in the US market ($USD2.21M).

Compensation vs Earnings: Frank's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

Leadership Team

Frank Sorrentino
$ 18.1m
William Burns
Executive VP & CFO7.17yrsUS$1.11m0.16%
$ 1.7m
Christopher Ewing
Executive VP & COOno dataUS$919.41k0.031%
$ 316.4k
Michael McGrover
First Senior VP & Chief Credit Officerno dataUS$630.11k0.046%
$ 471.1k
Elizabeth Magennis
Executive VP & Chief Lending Officer6.67yrsUS$994.25k0.17%
$ 1.8m
Laura Criscione
Executive VP & Corporate Secretaryno dataUS$512.26k0.18%
$ 1.8m
Siya Vansia
Vice President of Marketingno datano datano data
Michael Rozman
President of BoeFly Division1.75yrsno datano data


Average Tenure


Average Age

Experienced Management: CNOB's management team is seasoned and experienced (6.7 years average tenure).

Board Members

Frank Sorrentino
$ 18.1m
Frank Baier
Independent Director7.17yrsUS$118.78k0.24%
$ 2.4m
Joseph Parisi
Independent Director6.67yrsUS$85.16k0.57%
$ 5.9m
Michael Kempner
Independent Director6.67yrsUS$85.16k0.90%
$ 9.2m
William Thompson
Independent Director27.17yrsUS$89.16k0.25%
$ 2.5m
Alexander Bol
Independent Director6yrsUS$76.16k0.35%
$ 3.6m
Mark Sokolich
Independent Director1.17yrsno data0.22%
$ 2.3m
Nicholas Minoia
Independent Director12.17yrsUS$127.16k0.11%
$ 1.2m
Frank Huttle
Independent Director6.67yrsUS$98.28k0.43%
$ 4.4m
Stephen Boswell
Lead Independent Director6.67yrsUS$139.53k0.70%
$ 7.1m
Daniel Rifkin
Independent Director2.17yrsUS$76.16k0.51%
$ 5.2m
Katherin Nukk-Freeman
Independent Directorno dataUS$106.16k0.019%
$ 194.0k


Average Tenure


Average Age

Experienced Board: CNOB's board of directors are considered experienced (6.7 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: CNOB insiders have sold more shares than they have bought in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

ConnectOne Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: ConnectOne Bancorp, Inc.
  • Ticker: CNOB
  • Exchange: NasdaqGS
  • Founded: 1982
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.025b
  • Shares outstanding: 39.67m
  • Website:

Number of Employees


  • ConnectOne Bancorp, Inc.
  • 301 Sylvan Avenue
  • Bergen County
  • Englewood Cliffs
  • New Jersey
  • 7632
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNOBNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1975
CBMDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1975


ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank, a state chartered bank that provides various commercial banking products and services. The company’s deposit products incl...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 00:37
End of Day Share Price2021/03/05 00:00
Annual Earnings2020/12/31

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.