ConnectOne Tax Provision vs Extraordinary Items Analysis
CNOB Stock | USD 27.83 0.58 2.13% |
ConnectOne Bancorp financial indicator trend analysis is way more than just evaluating ConnectOne Bancorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ConnectOne Bancorp is a good investment. Please check the relationship between ConnectOne Bancorp Tax Provision and its Extraordinary Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConnectOne Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. For information on how to trade ConnectOne Stock refer to our How to Trade ConnectOne Stock guide.
Tax Provision vs Extraordinary Items
Tax Provision vs Extraordinary Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ConnectOne Bancorp Tax Provision account and Extraordinary Items. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between ConnectOne Bancorp's Tax Provision and Extraordinary Items is 0.49. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Extraordinary Items in the same time period over historical financial statements of ConnectOne Bancorp, assuming nothing else is changed. The correlation between historical values of ConnectOne Bancorp's Tax Provision and Extraordinary Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of ConnectOne Bancorp are associated (or correlated) with its Extraordinary Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Extraordinary Items has no effect on the direction of Tax Provision i.e., ConnectOne Bancorp's Tax Provision and Extraordinary Items go up and down completely randomly.
Correlation Coefficient | 0.49 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Extraordinary Items
Most indicators from ConnectOne Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ConnectOne Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConnectOne Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. For information on how to trade ConnectOne Stock refer to our How to Trade ConnectOne Stock guide.At present, ConnectOne Bancorp's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.36, whereas Tax Provision is forecasted to decline to about 28.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 38.9M | 71.6M | 235.0M | 246.7M | Depreciation And Amortization | 5.7M | 5.5M | 5.9M | 6.2M |
ConnectOne Bancorp fundamental ratios Correlations
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ConnectOne Bancorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ConnectOne Bancorp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.2B | 7.5B | 8.1B | 9.6B | 9.9B | 10.3B | |
Short Long Term Debt Total | 645.6M | 646.6M | 633.6M | 1.0B | 1.0B | 1.1B | |
Total Stockholder Equity | 731.2M | 915.3M | 1.1B | 1.2B | 1.2B | 1.3B | |
Property Plant And Equipment Net | 34.4M | 46.3M | 40.0M | 38.0M | 42.8M | 21.4M | |
Net Debt | 444.1M | 342.9M | 368.0M | 754.0M | 783.5M | 822.6M | |
Retained Earnings | 271.8M | 332.0M | 440.2M | 535.9M | 591.0M | 620.5M | |
Cash | 201.5M | 303.8M | 265.5M | 268.3M | 242.7M | 254.8M | |
Non Current Assets Total | 618.3M | 767.0M | 805.7M | 904.4M | 892.8M | 492.6M | |
Non Currrent Assets Other | (618.3M) | (767.0M) | (805.7M) | (904.4M) | (892.8M) | (848.1M) | |
Other Assets | 4.9B | 6.0B | 6.5B | 7.8B | 8.0B | 8.4B | |
Cash And Short Term Investments | 606.2M | 791.7M | 800.0M | 903.2M | 678.6M | 712.5M | |
Net Receivables | 20.9M | 35.3M | 34.2M | 46.1M | 49.1M | 51.6M | |
Common Stock Shares Outstanding | 35.3M | 39.6M | 39.9M | 39.5M | 39.0M | 22.8M | |
Liabilities And Stockholders Equity | 6.2B | 7.5B | 8.1B | 9.6B | 9.9B | 10.3B | |
Other Stockholder Equity | (8.0M) | (6.4M) | (12.4M) | (22.7M) | (37.1M) | (35.3M) | |
Total Liab | 645.6M | 646.6M | 633.6M | 8.5B | 8.6B | 9.1B | |
Property Plant And Equipment Gross | 34.4M | 46.3M | 40.0M | 38.0M | 86.0M | 90.3M | |
Total Current Assets | 627.1M | 827.0M | 834.2M | 949.3M | 970.4M | 1.3B | |
Accumulated Other Comprehensive Income | (1.1M) | 2.8M | (1.4M) | (32.4M) | (35.1M) | (33.4M) | |
Other Current Assets | 222.4M | 339.1M | 299.7M | 314.6M | 291.8M | 277.2M | |
Non Current Liabilities Total | 645.6M | 646.6M | 633.6M | 8.5B | 8.6B | 9.1B | |
Other Current Liab | 5.3B | 6.0B | 6.3B | 7.4B | (884.0M) | (839.8M) | |
Total Current Liabilities | 16.4M | 18.0M | 12.4M | 11.4M | 884.0M | 1.1B | |
Short Term Debt | 16.4M | 18.0M | 12.4M | 11.4M | 884.0M | 928.2M | |
Other Liab | 27.4M | 26.2M | 38.8M | 87.3M | 100.4M | 105.4M | |
Accounts Payable | 4.8B | 6.0B | 6.3B | 7.4B | 8.5B | 8.9B | |
Long Term Debt | 629.2M | 202.6M | 621.1M | 1.0B | 1.0B | 1.1B | |
Treasury Stock | (29.4M) | (30.3M) | (39.7M) | (52.8M) | (47.5M) | (45.1M) | |
Intangible Assets | 5.5M | 11.0M | 9.0M | 7.3M | 5.9M | 6.2M | |
Property Plant Equipment | 19.2M | 30.1M | 40.0M | 27.8M | 32.0M | 20.8M | |
Short Term Investments | 404.7M | 488.0M | 534.5M | 634.9M | 617.2M | 410.7M | |
Net Tangible Assets | 563.2M | 696.0M | 795.9M | 852.1M | 980.0M | 1.0B | |
Retained Earnings Total Equity | 271.8M | 332.0M | 440.2M | 535.9M | 616.3M | 647.1M | |
Long Term Debt Total | 629.2M | 202.6M | 153.0M | 153.3M | 176.2M | 167.4M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ConnectOne Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ConnectOne Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Connectone Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Connectone Bancorp Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConnectOne Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. For information on how to trade ConnectOne Stock refer to our How to Trade ConnectOne Stock guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ConnectOne Bancorp. If investors know ConnectOne will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ConnectOne Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Dividend Share 0.71 | Earnings Share 1.73 | Revenue Per Share 6.488 | Quarterly Revenue Growth (0.04) |
The market value of ConnectOne Bancorp is measured differently than its book value, which is the value of ConnectOne that is recorded on the company's balance sheet. Investors also form their own opinion of ConnectOne Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ConnectOne Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ConnectOne Bancorp's market value can be influenced by many factors that don't directly affect ConnectOne Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ConnectOne Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ConnectOne Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConnectOne Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.