ConnectOne Bancorp Completes Merger with First of Long Island

ConnectOne Bancorp ( (CNOB) ) has issued an update.

On June 2, 2025, ConnectOne Bancorp, Inc. announced the completion of its merger with The First of Long Island Corporation, resulting in a combined entity with approximately $14 billion in total assets. The merger enhances ConnectOne’s scale and capabilities, expanding its retail network to over 60 branches across New York, New Jersey, and Southeast Florida. The merger also led to an expansion of ConnectOne’s Board of Directors, with key appointments from The First of Long Island Corporation, positioning the company for accelerated growth and enhanced service offerings.

The most recent analyst rating on (CNOB) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on ConnectOne Bancorp stock, see the CNOB Stock Forecast page.

Spark’s Take on CNOB Stock

According to Spark, TipRanks’ AI Analyst, CNOB is a Outperform.

ConnectOne Bancorp’s overall score reflects strong financial performance, particularly in revenue growth and balance sheet strength. Technical indicators show mixed signals, with some short-term strength but long-term caution. Valuation is reasonable, supported by a solid dividend yield. The earnings call optimism, driven by significant net income growth and positive merger progress, enhances the outlook, although profitability pressures and loan portfolio challenges warrant vigilance.

To see Spark’s full report on CNOB stock, click here.

More about ConnectOne Bancorp

ConnectOne Bancorp, Inc. is a modern financial services company operating through its subsidiary, ConnectOne Bank, and its fintech subsidiary, BoeFly, Inc. ConnectOne Bank is a high-performing commercial bank offering a full suite of banking and lending products and services focused on small to middle-market businesses. BoeFly, Inc. is a fintech marketplace connecting borrowers in the franchise space with funding solutions through a network of partner banks. ConnectOne Bancorp, Inc. is traded on the Nasdaq Global Market under the symbol “CNOB.”

Average Trading Volume: 196,682

Technical Sentiment Signal: Buy

Current Market Cap: $883.7M

For an in-depth examination of CNOB stock, go to TipRanks’ Stock Analysis page.