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ConnectOne Bancorp ( (CNOB) ) has provided an announcement.
On September 4, 2024, ConnectOne Bancorp, Inc. announced a merger agreement with The First of Long Island Corporation, with the merger expected to close on June 1, 2025. The merger received all necessary regulatory approvals, including from the New Jersey Department of Banking and Insurance on May 12, 2025, positioning ConnectOne as the surviving entity and potentially strengthening its market position.
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. operates in the financial services industry, primarily offering banking and financial products and services. The company focuses on expanding its market presence through strategic mergers and acquisitions.
Average Trading Volume: 196,409
Technical Sentiment Signal: Strong Buy
Current Market Cap: $953.3M
For an in-depth examination of CNOB stock, go to TipRanks’ Stock Analysis page.