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ConnectOne Bancorp ( (CNOB) ) has shared an announcement.
On May 9, 2025, ConnectOne Bancorp received a waiver from the Federal Reserve Bank of New York, exempting it from filing an application for its merger with The First of Long Island Corporation, positioning ConnectOne as the surviving entity. This merger is expected to enhance ConnectOne’s market presence in New Jersey and Long Island, aligning with its strategic priorities and bolstering its profitability through transaction synergies. The integration process is reportedly ahead of schedule, reflecting ConnectOne’s experience in successful mergers and acquisitions.
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 with $9.8 billion in assets, operating through its bank subsidiary, ConnectOne Bank, and its fintech subsidiary, BoeFly. ConnectOne Bank focuses on small to middle-market businesses, leveraging technology and top talent to maintain a highly efficient business model. BoeFly connects borrowers in the franchise space with funding solutions through a network of partner banks.
Average Trading Volume: 196,328
Technical Sentiment Signal: Buy
Current Market Cap: $923.3M
See more data about CNOB stock on TipRanks’ Stock Analysis page.