ConnectOne Bancorp (CNOB) AI Stock Analysis

• Market Cap: $1.28B
• Dividend Yield: 2.82%
• Average Volume (3M): 328.66K
• Price to Earnings (P/E): 29.5
• Beta (1Y): 1.12
• Revenue Growth: 3.58%
• EPS Growth: -52.78%
• Country: US
• Employees: 489
• Sector: Financial
• Sector Strength: 73
• Industry: Banks - Regional
• EPS (TTM): -0.52
• Shares Outstanding: 50,206,627
• 10 Day Avg. Volume: 283,504
• 30 Day Avg. Volume: 328,662
• PEG Ratio: -0.82
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 1.64
• P/FCF Ratio: 15.41
• Enterprise Value/Market Cap: 1.63
• Enterprise Value/Revenue: 3.92
• Enterprise Value/Gross Profit: 8.10
• Enterprise Value/Ebitda: 19.21
• 1Y Price Target: $29.00
• Price Target Upside: 13.55% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: $26.00 ▲(1.80% Upside)

ConnectOne Bancorp's overall stock score reflects a strong financial performance and positive corporate events, particularly the successful merger and leadership enhancements. However, the stock's valuation appears stretched, and technical indicators suggest limited momentum. Earnings call insights highlight growth potential but also underline credit-related risks that need careful management.

ConnectOne Bancorp Business Overview & Revenue Model

Company Description

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. In addition, the company offers check cards, ATM cards, credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, automated clearing house origination, mobile banking by phone, safe deposit boxes, and remote deposit capture services. It operates through a network of eight banking offices in Bergen County, five banking offices in Union County, one banking office in Morris County, one office in Essex County, one office in Hudson County, one office in Monmouth County, one banking office in Manhattan in New York City, one office in Nassau County on Long Island, one in Astoria, and five branches in the Hudson Valley, as well as one financial center in West Palm Beach in Palm Beach County. The company was formerly known as Center Bancorp, Inc. and changed its name to ConnectOne Bancorp, Inc. in July 2014. ConnectOne Bancorp, Inc. was incorporated in 1982 and is headquartered in Englewood Cliffs, New Jersey.

How the Company Makes Money

ConnectOne Bancorp generates revenue primarily through interest income from loans, which includes commercial real estate loans, construction loans, and consumer loans. Additionally, the bank earns non-interest income from service fees on deposit accounts, wealth management services, and other financial products. The company's revenue model is heavily reliant on the spread between the interest earned on its loan portfolio and the interest paid on deposits. Significant partnerships with businesses and community organizations enhance the bank's footprint, facilitating customer acquisition and retention, which in turn contributes to its overall earnings.

ConnectOne Bancorp Financial Statement Overview

Summary

ConnectOne Bancorp shows robust financial health with consistent revenue growth and stable profitability. However, attention is needed on leverage levels and cost efficiency to enhance financial performance.

Income Statement

The income statement shows steady revenue growth, with a notable increase in total revenue for the TTM period. The gross profit margin has decreased, but the net profit margin is relatively stable. There is a slight decline in EBIT and EBITDA margins, suggesting potential cost management issues. Overall, the company displays consistent earnings with potential for improved profitability.

Balance Sheet

The balance sheet indicates a healthy equity base with a stable debt-to-equity ratio, but total liabilities remain significant. The equity ratio suggests adequate capitalization, but the high debt level could pose risks if not managed properly. Return on equity has shown slight fluctuation over the years but remains generally positive.

Cash Flow

Cash flow metrics are strong, with positive operating and free cash flow, indicating good liquidity management. The free cash flow to net income ratio is healthy, and the company shows effective conversion of income to cash. However, there is a slight decrease in free cash flow growth, which could impact future cash reserves if not addressed.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	530.40M	534.62M	504.07M	386.99M	316.75M	322.60M
Gross Profit	256.82M	250.26M	260.91M	297.61M	283.39M	211.39M
EBITDA	108.34M	104.12M	122.90M	176.77M	180.79M	97.19M
Net Income	76.83M	73.79M	87.00M	125.21M	130.35M	71.29M
Balance Sheet
Total Assets	9.76B	9.88B	9.86B	9.64B	8.13B	7.55B
Cash, Cash Equivalents and Short-Term Investments	706.12M	360.70M	859.88M	903.20M	800.04M	791.71M
Total Debt	707.86M	783.51M	1.03B	1.02B	633.56M	646.63M
Total Liabilities	8.51B	8.64B	8.64B	8.47B	7.01B	6.63B
Stockholders Equity	1.25B	1.24B	1.22B	1.18B	1.12B	915.31M
Cash Flow
Free Cash Flow	51.15M	56.91M	85.46M	173.48M	199.49M	78.93M
Operating Cash Flow	55.07M	60.70M	92.89M	176.78M	202.27M	81.13M
Investing Cash Flow	81.25M	55.15M	-248.04M	-1.54B	-689.86M	-323.37M
Financing Cash Flow	-121.30M	-2.08M	129.55M	1.37B	449.37M	344.51M

ConnectOne Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 25.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNOB, the sentiment is Positive. The current price of 25.54 is above the 20-day moving average (MA) of 23.90, above the 50-day MA of 23.91, and above the 200-day MA of 23.84, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 63.37 is Neutral, neither overbought nor oversold. The STOCH value of 86.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CNOB.

ConnectOne Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTBI	78 Outperform	$1.06B	11.57	11.99%	3.21%	10.85%	17.66%
AMAL	76 Outperform	$893.94M	8.87	14.78%	1.82%	6.94%	3.96%
BRKL	74 Outperform	$996.19M	12.70	6.43%	4.90%	2.23%	2.59%
SBSI	74 Outperform	$937.90M	11.07	10.65%	4.59%	3.54%	4.47%
TMP	72 Outperform	$1.02B	12.68	11.06%	3.53%	31.82%	460.57%
Sector *	68 Neutral	$17.89B	12.03	10.28%	3.73%	9.80%	1.66%
CNOB	68 Neutral	$1.28B	29.55	2.75%	2.82%	3.58%	-52.78%

ConnectOne Bancorp Corporate Events

ConnectOne Bancorp to Announce Q2 Results on July 29

On July 10, 2025, ConnectOne Bancorp, Inc. announced plans to release its second-quarter financial results on July 29, 2025, before the market opens. The company will host a conference call and audio webcast on the same day to discuss its financial performance and operating results, led by Chairman and CEO Frank Sorrentino III and CFO William S. Burns. This announcement is significant for stakeholders as it provides insights into the company’s financial health and strategic direction.

The most recent analyst rating on (CNOB) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on ConnectOne Bancorp stock, see the CNOB Stock Forecast page.

ConnectOne Bancorp Appoints New General Counsel

On June 1, 2025, ConnectOne Bancorp appointed Robert A. Schwartz as General Counsel, enhancing its executive leadership as the company continues its growth trajectory following a merger with First of Long Island Corporation. Schwartz, a seasoned expert in banking law and mergers, has been integral to ConnectOne since its inception and will now advise on legal and regulatory matters as the company approaches $14 billion in assets. His appointment is seen as a strategic move to strengthen ConnectOne’s leadership and capitalize on opportunities in the evolving banking landscape.

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.

ConnectOne Bancorp Completes Merger with First of Long Island

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.

ConnectOne Bancorp Holds Annual Shareholders Meeting

On May 20, 2025, ConnectOne Bancorp, Inc. held its Annual Meeting of Shareholders, where several key proposals were voted on and approved. These included the election of twelve directors for one-year terms, the adoption of a non-binding resolution on executive compensation, and the ratification of Crowe LLP as the independent registered public accounting firm for 2025. The meeting saw participation from a significant majority of shareholders, indicating strong engagement and support for the company’s governance and operational strategies.

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.

ConnectOne Bancorp Raises $196.5 Million from Note Sale

On May 15, 2025, ConnectOne Bancorp, Inc. entered into an underwriting agreement for the issuance and sale of $200 million in subordinated notes due 2035, with an 8.125% fixed-to-floating interest rate. The sale, which closed on May 20, 2025, raised approximately $196.5 million after expenses. The company plans to use the proceeds to redeem existing notes, contribute to regulatory capital, and support growth and strategic initiatives.

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.

ConnectOne Bancorp Merger Receives Final Approval

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.