CNOB Stock Overview
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 Northern New Jersey and New York Metropolitan area, and South Florida market.
No risks detected for CNOB from our risk checks.
ConnectOne Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$23.64|
|52 Week High||US$37.00|
|52 Week Low||US$23.01|
|1 Month Change||-3.90%|
|3 Month Change||-5.21%|
|1 Year Change||-23.72%|
|3 Year Change||7.99%|
|5 Year Change||-5.44%|
|Change since IPO||1,396.87%|
Recent News & Updates
Does ConnectOne Bancorp (NASDAQ:CNOB) Deserve A Spot On Your Watchlist?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
ConnectOne Bancorp Q2 GAAP EPS, revenue beats
ConnectOne Bancorp press release (NASDAQ:CNOB): Q2 GAAP EPS of $0.78 beats by $0.02 (vs. $0.81 in prior-year quarter). Revenue of $78.95M (+17.0% Y/Y) beats by $5.22M.
|CNOB||US Banks||US Market|
Return vs Industry: CNOB exceeded the US Banks industry which returned -26.1% over the past year.
Return vs Market: CNOB matched the US Market which returned -23.2% over the past year.
|CNOB Average Weekly Movement||3.3%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||6.8%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: CNOB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CNOB's weekly volatility (3%) has been stable over the past year.
About the Company
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 Northern New Jersey and New York Metropolitan area, and South Florida market. The company offers personal and business checking, retirement, money market, 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.
ConnectOne Bancorp Fundamentals Summary
|CNOB fundamental statistics|
Is CNOB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CNOB income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||3.16|
|Net Profit Margin||42.34%|
How did CNOB perform over the long term?See historical performance and comparison
2.6%Current Dividend Yield
Is CNOB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CNOB?
Other financial metrics that can be useful for relative valuation.
|What is CNOB's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does CNOB's PE Ratio compare to its peers?
|CNOB PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
OBNK Origin Bancorp
FFWM First Foundation
PFC Premier Financial
QCRH QCR Holdings
CNOB ConnectOne Bancorp
Price-To-Earnings vs Peers: CNOB is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (9x).
Price to Earnings Ratio vs Industry
How does CNOB's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: CNOB is good value based on its Price-To-Earnings Ratio (7.5x) compared to the US Banks industry average (9.4x)
Price to Earnings Ratio vs Fair Ratio
What is CNOB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||7.5x|
|Fair PE Ratio||11.9x|
Price-To-Earnings vs Fair Ratio: CNOB is good value based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.9x).
Share Price vs Fair Value
What is the Fair Price of CNOB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CNOB ($23.64) is trading below our estimate of fair value ($41.12)
Significantly Below Fair Value: CNOB is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is ConnectOne Bancorp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CNOB's forecast earnings growth (3.9% per year) is above the savings rate (1.9%).
Earnings vs Market: CNOB's earnings (3.9% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: CNOB's earnings are forecast to grow, but not significantly.
Revenue vs Market: CNOB's revenue (9.3% per year) is forecast to grow faster than the US market (7.7% per year).
High Growth Revenue: CNOB's revenue (9.3% 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 (11.1%).
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How has ConnectOne Bancorp performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNOB has high quality earnings.
Growing Profit Margin: CNOB's current net profit margins (42.3%) are lower than last year (44.6%).
Past Earnings Growth Analysis
Earnings Trend: CNOB's earnings have grown significantly by 26.3% per year over the past 5 years.
Accelerating Growth: CNOB's earnings growth over the past year (7.5%) is below its 5-year average (26.3% per year).
Earnings vs Industry: CNOB earnings growth over the past year (7.5%) underperformed the Banks industry 8.5%.
Return on Equity
High ROE: CNOB's Return on Equity (11.3%) is considered low.
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How is ConnectOne Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: CNOB's Assets to Equity ratio (7.7x) is low.
Allowance for Bad Loans: CNOB has a sufficient allowance for bad loans (136%).
Low Risk Liabilities: 86% 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 (81%).
Low Risk Deposits: CNOB's Loans to Deposits ratio (109%) is appropriate.
Level of Bad Loans: CNOB has an appropriate level of bad loans (0.8%).
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What is ConnectOne Bancorp current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
|ConnectOne Bancorp Dividend Yield vs Market|
|Company (ConnectOne Bancorp)||2.6%|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.6%|
|Industry Average (Banks)||3.4%|
|Analyst forecast in 3 Years (ConnectOne Bancorp)||2.7%|
Notable Dividend: CNOB's dividend (2.62%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: CNOB's dividend (2.62%) is low compared to the top 25% of dividend payers in the US market (4.75%).
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
Earnings Coverage: With its low payout ratio (18.2%), 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 well covered by earnings (19.7% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Frank Sorrentino (60 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
|Frank Sorrentino's Compensation vs ConnectOne Bancorp Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$3m||US$825k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$3m||US$825k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$3m||US$800k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$2m||US$800k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$2m||US$735k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$2m||US$678k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||US$2m||US$615k|
Compensation vs Market: Frank's total compensation ($USD3.07M) is about average for companies of similar size in the US market ($USD4.14M).
Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.
Experienced Management: CNOB's management team is considered experienced (3.3 years average tenure).
Experienced Board: CNOB's board of directors are considered experienced (8.3 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
|16 Jun 22||BuyUS$149,760||Stephen Boswell||Individual||6,000||US$24.96|
|18 Feb 22||BuyUS$124,664||Katherin Nukk-Freeman||Individual||3,750||US$33.27|
|18 Feb 22||SellUS$91,667||William Thompson||Individual||2,805||US$32.68|
|17 Feb 22||BuyUS$200,108||Stephen Boswell||Individual||6,000||US$33.35|
|10 Nov 21||SellUS$876,204||Joseph Parisi||Individual||25,200||US$34.77|
|09 Nov 21||SellUS$857,930||Joseph Parisi||Individual||24,800||US$34.75|
|02 Nov 21||SellUS$1,023,666||Frank Sorrentino||Individual||30,000||US$34.12|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
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
- Implied Market Cap: US$925.410m
- Shares outstanding: 39.15m
- Website: https://www.connectonebank.com
Number of Employees
- ConnectOne Bancorp, Inc.
- 301 Sylvan Avenue
- Englewood Cliffs
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CNOB||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 1975|
|CBM||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1975|
|CNOB.P||NasdaqGS (Nasdaq Global Select)||5.25 DP RT PFD A||US||USD||Aug 2021|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/03 00:00|
|End of Day Share Price||2022/10/03 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.