Connectone Bancorp Stock Today

CNOB Stock  USD 26.58  0.30  1.12%   

Performance

3 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Less than 6

 
High
 
Low
Low
ConnectOne Bancorp is trading at 26.58 as of the 21st of November 2024, a 1.12 percent decrease since the beginning of the trading day. The stock's open price was 26.88. ConnectOne Bancorp has only a 6 % chance of going through financial distress over the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for ConnectOne Bancorp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of October 2024 and ending today, the 21st of November 2024. Click here to learn more.
Business Domain
Banks
IPO Date
24th of June 1996
Category
Financial Services
Classification
Financials
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 has 38.37 M outstanding shares of which 493.3 K shares are currently shorted by private and institutional investors with about 2.52 trading days to cover. More on ConnectOne Bancorp

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ConnectOne Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President ChairmanFrank III
Business ConcentrationRegional Banks, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.0070.0088
Significantly Down
Very volatile
Asset Turnover0.0350.0273
Significantly Up
Pretty Stable
Total Current Liabilities1.1 B884 M
Significantly Up
Pretty Stable
Non Current Liabilities Total9.1 B8.6 B
Sufficiently Up
Slightly volatile
Total Assets10.3 B9.9 B
Sufficiently Up
Slightly volatile
Total Current Assets1.3 B970.4 M
Significantly Up
Very volatile
Total Cash From Operating Activities97.5 M92.9 M
Sufficiently Up
Slightly volatile
Debt Levels
ConnectOne Bancorp can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand ConnectOne Bancorp's financial leverage. It provides some insight into what part of ConnectOne Bancorp's total assets is financed by creditors.
Liquidity
ConnectOne Bancorp currently holds 1.03 B in liabilities with Debt to Equity (D/E) ratio of 7.41, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Note, when we think about ConnectOne Bancorp's use of debt, we should always consider it together with its cash and equity.

Change In Cash

(24.32 Million)
ConnectOne Bancorp (CNOB) is traded on NASDAQ Exchange in USA. It is located in 301 Sylvan Avenue, Englewood Cliffs, NJ, United States, 07632 and employs 487 people. ConnectOne Bancorp is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.02 B. ConnectOne Bancorp conducts business under Banks sector and is part of Financials industry. The entity has 38.37 M outstanding shares of which 493.3 K shares are currently shorted by private and institutional investors with about 2.52 trading days to cover. ConnectOne Bancorp currently holds about 333.84 M in cash with 92.89 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.53.
Check ConnectOne Bancorp Probability Of Bankruptcy
Ownership Allocation
ConnectOne Bancorp holds a total of 38.37 Million outstanding shares. The majority of ConnectOne Bancorp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in ConnectOne Bancorp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in ConnectOne Bancorp. Please pay attention to any change in the institutional holdings of ConnectOne Bancorp as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check ConnectOne Ownership Details

ConnectOne Stock Institutional Holders

InstituionRecorded OnShares
Hotchkis & Wiley Capital Management Llc2024-06-30
638.8 K
Banc Funds Co Llc2024-06-30
484.1 K
Brandywine Global Investment Mgmt Llc2024-06-30
461.3 K
Charles Schwab Investment Management Inc2024-09-30
382.5 K
Northern Trust Corp2024-09-30
365.6 K
Kennedy Capital Management Inc2024-06-30
309.2 K
Manufacturers Life Insurance Co2024-09-30
308.9 K
Morgan Stanley - Brokerage Accounts2024-06-30
305.9 K
Stieven Capital Advisors, L.p.2024-09-30
259 K
Blackrock Inc2024-06-30
4.3 M
Fmr Inc2024-09-30
3.1 M
View ConnectOne Bancorp Diagnostics

ConnectOne Bancorp Historical Income Statement

At present, ConnectOne Bancorp's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 246.7 M, whereas Net Income From Continuing Ops is forecasted to decline to about 63.2 M. View More Fundamentals

ConnectOne Stock Against Markets

ConnectOne Bancorp Corporate Management

Joseph JavitzFirst OfficerProfile
Dana ZellerChief OfficerProfile
Mark ZurliniExecutive OfficerProfile
Siya VansiaSenior OfficerProfile
Michael OMalleyExecutive OfficerProfile
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.
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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.