Financial Services - Banks - Regional - NASDAQ - US
$ 27.09
-1.13 %
$ 1.04 B
Market Cap
15.75
P/E
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.[ Read More ]
The intrinsic value of one CNOB stock under the base case scenario is HIDDEN Compared to the current market price of 27.1 USD, ConnectOne Bancorp, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart CNOB
FINANCIALS
269 M
REVENUE
117 M
OPERATING INCOME
87 M
NET INCOME
92.9 M
OPERATING CASH FLOW
-248 M
INVESTING CASH FLOW
130 M
FINANCING CASH FLOW
65.6 M
REVENUE
23.9 M
OPERATING INCOME
17.2 M
NET INCOME
-13.9 M
OPERATING CASH FLOW
42 M
INVESTING CASH FLOW
-74.4 M
FINANCING CASH FLOW
Balance Sheet Decomposition
ConnectOne Bancorp, Inc.
| Current Assets | 970 M |
| Cash & Short-Term Investments | 679 M |
| Receivables | 0 |
| Other Current Assets | 292 M |
| Non-Current Assets | 893 M |
| Long-Term Investments | 636 M |
| PP&E | 42.8 M |
| Other Non-Current Assets | 214 M |
| Current Liabilities | 884 M |
| Accounts Payable | 0 |
| Short-Term Debt | 884 M |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 8.64 B |
| Long-Term Debt | 142 M |
| Other Non-Current Liabilities | 8.5 B |
EFFICIENCY
Earnings Waterfall
ConnectOne Bancorp, Inc.
| Revenue | 269 M |
| Cost Of Revenue | 0 |
| Gross Profit | 269 M |
| Operating Expenses | 269 M |
| Operating Income | 117 M |
| Other Expenses | 30 M |
| Net Income | 87 M |
RATIOS
100.00%
GROSS MARGIN
43.46%
OPERATING MARGIN
32.33%
NET MARGIN
7.15%
ROE
0.88%
ROA
3.90%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
ConnectOne Bancorp, Inc.
| Net Income | 87 M |
| Depreciation & Amortization | 5.94 M |
| Capital Expenditures | -7.43 M |
| Stock-Based Compensation | 4.86 M |
| Change in Working Capital | -19.9 M |
| Others | -9.05 M |
| Free Cash Flow | 85.5 M |
Wall Street Analysts Price Targets
ConnectOne Bancorp, Inc.
Wall Street analysts predict an average 1-year price target for CNOB of $28.2 , with forecasts ranging from a low of $25 to a high of $33 .
CNOB Lowest Price Target
Wall Street Target
25 USD
-7.72%
CNOB Average Price Target
Wall Street Target
28.2 USD
3.97%
CNOB Highest Price Target
Wall Street Target
33 USD
21.82%
4. DIVIDEND ANALYSIS
0.80%
DIVIDEND YIELD
0.18 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
ConnectOne Bancorp, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
152 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
Nov 16, 2023
|
Bought 152 K USD
|
Boswell Stephen T.
Director |
+ 8000
|
18.9474 USD |
|
1 year ago
Aug 15, 2023
|
Bought 40.5 K USD
|
THOMPSON WILLIAM
Director |
+ 2000
|
20.2467 USD |
|
1 year ago
Aug 09, 2023
|
Sell 983 K USD
|
Kempner Michael W
Director |
- 47500
|
20.7041 USD |
|
1 year ago
May 26, 2023
|
Bought 69.2 K USD
|
Rifkin Daniel E
Director |
+ 5000
|
13.8479 USD |
|
1 year ago
May 08, 2023
|
Bought 5.08 K USD
|
Ewing Christopher J.
EVP & Chief Operations Officer |
+ 350
|
14.5 USD |
|
1 year ago
Mar 14, 2023
|
Bought 3.39 K USD
|
Nukk-Freeman Katherin
Director |
+ 181
|
18.72 USD |
|
1 year ago
Mar 10, 2023
|
Bought 209 K USD
|
Boswell Stephen T.
Director |
+ 10000
|
20.949 USD |
|
1 year ago
Mar 02, 2023
|
Sell 984 K USD
|
Kempner Michael W
Director |
- 41000
|
24.0081 USD |
|
1 year ago
Feb 13, 2023
|
Sell 28.6 K USD
|
THOMPSON WILLIAM
Director |
- 1200
|
23.81 USD |
|
2 years ago
Nov 17, 2022
|
Bought 24.8 K USD
|
THOMPSON WILLIAM
Director |
+ 1000
|
24.824 USD |
|
2 years ago
Nov 14, 2022
|
Bought 199 K USD
|
Boswell Stephen T.
Director |
+ 8000
|
24.8824 USD |
|
2 years ago
Jun 16, 2022
|
Bought 150 K USD
|
Boswell Stephen T.
director: |
+ 6000
|
24.96 USD |
|
2 years ago
Feb 18, 2022
|
Sell 91.7 K USD
|
THOMPSON WILLIAM
Director |
- 2805
|
32.68 USD |
|
2 years ago
Feb 17, 2022
|
Bought 200 K USD
|
Boswell Stephen T.
Director |
+ 6000
|
33.3513 USD |
|
2 years ago
Feb 18, 2022
|
Bought 49.9 K USD
|
Nukk-Freeman Katherin
Director |
+ 1500
|
33.27 USD |
|
2 years ago
Feb 18, 2022
|
Bought 74.8 K USD
|
Nukk-Freeman Katherin
Director |
+ 2250
|
33.2262 USD |
|
3 years ago
Nov 10, 2021
|
Sell 876 K USD
|
Parisi Joseph Jr.
Director |
- 25200
|
34.77 USD |
|
3 years ago
Nov 08, 2021
|
Sell 521 K USD
|
Parisi Joseph Jr.
Director |
- 15000
|
34.752 USD |
|
3 years ago
Nov 09, 2021
|
Sell 337 K USD
|
Parisi Joseph Jr.
Director |
- 9800
|
34.352 USD |
|
3 years ago
Nov 02, 2021
|
Sell 1.02 M USD
|
Sorrentino Frank III
Chairman, President & CEO |
- 30000
|
34.1222 USD |
|
3 years ago
Sep 16, 2021
|
Bought 150 K USD
|
Boswell Stephen T.
Director |
+ 5200
|
28.76 USD |
|
3 years ago
Jun 15, 2021
|
Bought 59.8 K USD
|
Boswell Stephen T.
Director |
+ 2200
|
27.1913 USD |
|
3 years ago
Feb 11, 2021
|
Sell 495 K USD
|
Kempner Michael W
Director |
- 22000
|
22.4985 USD |
|
3 years ago
Feb 08, 2021
|
Bought 10.5 K USD
|
Nukk-Freeman Katherin
Director |
+ 450
|
23.251 USD |
|
4 years ago
Nov 11, 2020
|
Sell 505 K USD
|
Kempner Michael W
Director |
- 29411
|
17.1733 USD |
|
4 years ago
Jun 16, 2020
|
Sell 1.24 M USD
|
Huttle Frank III
Director |
- 80000
|
15.5492 USD |
|
4 years ago
Mar 17, 2020
|
Bought 90.3 K USD
|
BAIER FRANK W
Director |
+ 7500
|
12.04 USD |
|
4 years ago
Mar 06, 2020
|
Bought 25.8 K USD
|
THOMPSON WILLIAM
Director |
+ 1300
|
19.82 USD |
|
4 years ago
Jan 28, 2020
|
Sell 80 K USD
|
THOMPSON WILLIAM
Director |
- 3278
|
24.41 USD |
|
5 years ago
Aug 27, 2019
|
Bought 99.9 K USD
|
BAIER FRANK W
Director |
+ 5000
|
19.99 USD |
|
5 years ago
Aug 20, 2019
|
Bought 215 K USD
|
Boswell Stephen T.
Director |
+ 10500
|
20.472 USD |
|
5 years ago
Apr 30, 2019
|
Sell 32.8 K USD
|
Burns William S
EVP & CFO |
- 1500
|
21.89 USD |
|
5 years ago
Apr 30, 2019
|
Sell 19.2 K USD
|
Criscione Laura
EVP & Chief Compliance Officer |
- 873
|
21.96 USD |
|
5 years ago
Apr 30, 2019
|
Sell 33.5 K USD
|
Ewing Christopher J.
EVP & Chief Operations Officer |
- 1527
|
21.96 USD |
|
5 years ago
Apr 29, 2019
|
Sell 34.3 K USD
|
Magennis Elizabeth
EVP & Chief Lending Officer |
- 1556
|
22.07 USD |
|
5 years ago
Apr 29, 2019
|
Sell 115 K USD
|
Sorrentino Frank III
Chairman, President & CEO |
- 5240
|
21.927 USD |
|
5 years ago
Mar 06, 2019
|
Bought 24.5 K USD
|
THOMPSON WILLIAM
Director |
+ 1175
|
20.87 USD |
|
5 years ago
Jan 30, 2019
|
Sell 54.3 K USD
|
THOMPSON WILLIAM
Director |
- 2700
|
20.1079 USD |
|
5 years ago
Dec 11, 2018
|
Bought 10.2 K USD
|
Nukk-Freeman Katherin
Director |
+ 550
|
18.6337 USD |
|
5 years ago
Nov 20, 2018
|
Sell 85.1 K USD
|
Huttle Frank III
Director |
- 4250
|
20.0209 USD |
|
6 years ago
Nov 07, 2018
|
Sell 101 K USD
|
Criscione Laura
EVP & Chief Compliance Officer |
- 4700
|
21.45 USD |
|
6 years ago
Nov 07, 2018
|
Sell 101 K USD
|
Criscione Laura
EVP & Chief Compliance Officer |
- 4700
|
21.45 USD |
|
6 years ago
Nov 06, 2018
|
Sell 121 K USD
|
Kempner Michael W
Director |
- 5650
|
21.4559 USD |
|
6 years ago
Oct 29, 2018
|
Bought 312 K USD
|
Boswell Stephen T.
Director |
+ 15000
|
20.83 USD |
|
6 years ago
Aug 16, 2018
|
Sell 274 K USD
|
Sorrentino Frank III
Chairman, President & CEO |
- 10918
|
25.0596 USD |
|
6 years ago
Aug 17, 2018
|
Sell 444 K USD
|
Sorrentino Frank III
Chairman, President & CEO |
- 17810
|
24.9323 USD |
|
6 years ago
Aug 14, 2018
|
Sell 33.3 K USD
|
THOMPSON WILLIAM
Director |
- 1325
|
25.15 USD |
|
6 years ago
Aug 08, 2018
|
Bought 49.8 K USD
|
BAIER FRANK W
Director |
+ 2000
|
24.91 USD |
|
6 years ago
Aug 07, 2018
|
Bought 124 K USD
|
MINOIA NICHOLAS
Director |
+ 5000
|
24.77 USD |
|
6 years ago
Mar 23, 2018
|
Sell 43.8 K USD
|
Burns William S
EVP & Chief Financial Officer |
- 1517
|
28.87 USD |
|
6 years ago
Mar 23, 2018
|
Sell 138 K USD
|
Sorrentino Frank III
Chairman, President & CEO |
- 4716
|
29.3525 USD |
|
6 years ago
Mar 23, 2018
|
Sell 39.9 K USD
|
Ewing Christopher J.
EVP & Chief Operations Officer |
- 1375
|
29.05 USD |
|
6 years ago
Mar 23, 2018
|
Sell 41.3 K USD
|
Magennis Elizabeth
EVP & Chief Lending Officer |
- 1400
|
29.5 USD |
|
6 years ago
Mar 23, 2018
|
Sell 23.3 K USD
|
Criscione Laura
EVP & Chief Compliance Officer |
- 786
|
29.65 USD |
|
6 years ago
Mar 23, 2018
|
Sell 23.3 K USD
|
Criscione Laura
EVP & Chief Compliance Officer |
- 786
|
29.65 USD |
|
6 years ago
Feb 07, 2018
|
Sell 25 K USD
|
Magennis Elizabeth
EVP & Chief Lending Officer |
- 868
|
28.755 USD |
|
6 years ago
Feb 07, 2018
|
Sell 15.9 K USD
|
Criscione Laura
EVP & Chief Compliance Officer |
- 552
|
28.7794 USD |
|
6 years ago
Feb 07, 2018
|
Sell 15.9 K USD
|
Criscione Laura
EVP & Chief Compliance Officer |
- 552
|
28.7794 USD |
|
6 years ago
Feb 07, 2018
|
Sell 26.9 K USD
|
Burns William S
EVP & Chief Financial Officer |
- 941
|
28.6 USD |
|
6 years ago
Feb 06, 2018
|
Sell 61.8 K USD
|
Sorrentino Frank III
Chairman, President & CEO |
- 2174
|
28.4454 USD |
|
6 years ago
Dec 14, 2017
|
Sell 155 K USD
|
Sorrentino Frank III
Chairman, President & CEO |
- 5848
|
26.4909 USD |
|
6 years ago
Dec 14, 2017
|
Sell 114 K USD
|
Criscione Laura
EVP & Chief Compliance Officer |
- 4300
|
26.486 USD |
|
7 years ago
Jun 08, 2017
|
Sell 47.6 K USD
|
Ewing Christopher J.
EVP & Chief Operations Officer |
- 2100
|
22.67 USD |
|
7 years ago
Jun 06, 2017
|
Sell 53.4 K USD
|
Sorrentino Frank III
Chairman, President & CEO |
- 2445
|
21.8533 USD |
|
7 years ago
Jun 01, 2017
|
Bought 109 K USD
|
BAIER FRANK W
Director |
+ 5000
|
21.8 USD |
|
7 years ago
Jun 01, 2017
|
Bought 109 K USD
|
BAIER FRANK W
Director |
+ 5000
|
21.8 USD |
|
7 years ago
May 31, 2017
|
Sell 19.1 K USD
|
Burns William S
EVP & Chief Financial Officer |
- 888
|
21.55 USD |
|
7 years ago
May 26, 2017
|
Sell 17.8 K USD
|
Magennis Elizabeth
EVP & Chief Lending Officer |
- 820
|
21.75 USD |
|
7 years ago
May 26, 2017
|
Sell 9.81 K USD
|
Criscione Laura
EVP & Chief Compliance Officer |
- 451
|
21.75 USD |
|
7 years ago
May 27, 2017
|
Sell 94.4 K USD
|
THOMPSON WILLIAM
Director |
- 4350
|
21.704 USD |
|
7 years ago
Feb 28, 2017
|
Sell 13.9 K USD
|
Criscione Laura
EVP & Chief Compliance Officer |
- 550
|
25.3364 USD |
|
7 years ago
Feb 17, 2017
|
Sell 55.4 K USD
|
Sorrentino Frank III
Chairman, President & CEO |
- 2178
|
25.4556 USD |
|
7 years ago
Feb 17, 2017
|
Sell 46.9 K USD
|
Burns William S
EVP & Chief Financial Officer |
- 1845
|
25.4135 USD |
|
7 years ago
Jan 31, 2017
|
Sell 52.8 K USD
|
Sorrentino Frank III
Chairman, President & CEO |
- 2140
|
24.6762 USD |
|
8 years ago
Nov 10, 2016
|
Sell 33 K USD
|
Kempner Michael W
Director |
- 1660
|
19.8546 USD |
|
8 years ago
Nov 07, 2016
|
Sell 117 K USD
|
Sorrentino Frank III
Chairman, President & CEO |
- 6417
|
18.2958 USD |
|
8 years ago
May 31, 2016
|
Sell 12.6 K USD
|
THOMPSON WILLIAM
Director |
- 780
|
16.16 USD |
|
8 years ago
May 16, 2016
|
Sell 97.6 K USD
|
Sorrentino Frank III
Chairman, President & CEO |
- 6095
|
16.009 USD |
|
8 years ago
May 03, 2016
|
Bought 3.68 K USD
|
MINOIA NICHOLAS
Director |
+ 218
|
16.9 USD |
|
8 years ago
May 03, 2016
|
Bought 8.99 K USD
|
MINOIA NICHOLAS
Director |
+ 532
|
16.9006 USD |
|
8 years ago
May 03, 2016
|
Bought 12.7 K USD
|
MINOIA NICHOLAS
Director |
+ 750
|
16.9394 USD |
|
8 years ago
Dec 09, 2015
|
Bought 9.13 K USD
|
FISH FREDERICK S
Director |
+ 493
|
18.5129 USD |
|
8 years ago
Jan 28, 2016
|
Bought 28 K USD
|
Boswell Stephen T.
Director |
+ 1700
|
16.47 USD |
|
9 years ago
Nov 18, 2015
|
Sell 643 K USD
|
VANARIA RAYMOND
Director |
- 35228
|
18.25 USD |
|
9 years ago
Nov 17, 2015
|
Sell 422 K USD
|
VANARIA RAYMOND
Director |
- 23134
|
18.2503 USD |
|
9 years ago
Nov 13, 2015
|
Sell 22.2 K USD
|
VANARIA RAYMOND
Director |
- 1215
|
18.257 USD |
|
9 years ago
Nov 13, 2015
|
Sell 92.8 K USD
|
VANARIA RAYMOND
Director |
- 5085
|
18.257 USD |
|
9 years ago
Nov 12, 2015
|
Bought 90.1 K USD
|
Sorrentino Frank III
Chairman, President & CEO |
+ 5000
|
18.0248 USD |
|
9 years ago
Nov 12, 2015
|
Sell 36.5 K USD
|
VANARIA RAYMOND
Director |
- 2000
|
18.25 USD |
|
9 years ago
Nov 12, 2015
|
Bought 90 K USD
|
MINOIA NICHOLAS
Director |
+ 5000
|
18 USD |
|
9 years ago
Nov 12, 2015
|
Bought 90 K USD
|
MINOIA NICHOLAS
Director |
+ 5000
|
18 USD |
|
9 years ago
Nov 12, 2015
|
Bought 54.8 K USD
|
Boswell Stephen T.
Director |
+ 3000
|
18.25 USD |
|
9 years ago
Sep 15, 2015
|
Bought 94.8 K USD
|
Boswell Stephen T.
Director |
+ 5000
|
18.97 USD |
|
9 years ago
Aug 25, 2015
|
Bought 47.1 K USD
|
BAIER FRANK W
Director |
+ 2500
|
18.85 USD |
|
9 years ago
Aug 24, 2015
|
Bought 47.5 K USD
|
BAIER FRANK W
Director |
+ 2500
|
19 USD |
|
9 years ago
Jul 31, 2015
|
Sell 8.81 K USD
|
Criscione Laura
EVP & Chief Compliance Officer |
- 418
|
21.07 USD |
|
9 years ago
Aug 03, 2015
|
Sell 246 K USD
|
Criscione Laura
EVP & Chief Compliance Officer |
- 11582
|
21.26 USD |
|
10 years ago
Sep 09, 2014
|
Sell 47 K USD
|
KENT HOWARD
Director |
- 2476
|
19.0002 USD |
7. News
ConnectOne Bancorp, Inc. (CNOB) Q3 2024 Earnings Call Transcript
ConnectOne Bancorp, Inc. (NASDAQ:CNOB ) Q3 2024 Earnings Call Transcript October 24, 2024 10:00 AM ET Company Participants Siya Vansia - Chief Brand & Innovation Officer Frank Sorrentino - Chairman & Chief Executive Officer Bill Burns - Senior Executive Vice President & Chief Financial Officer Conference Call Participants Matt Breese - Stephens Inc. Dan Tamayo - Raymond James Frank Schiraldi - Piper Sandler Tim Switzer - KBW Operator Hello, and welcome to ConnectOne Bancorp Third Quarter 2024 Earnings Call. Please note that all lines are in listen-only mode.
seekingalpha.com
- 3 weeks ago
ConnectOne (CNOB) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for ConnectOne (CNOB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 3 weeks ago
ConnectOne Bancorp (CNOB) Misses Q3 Earnings and Revenue Estimates
ConnectOne Bancorp (CNOB) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.51 per share a year ago.
zacks.com
- 3 weeks ago
ConnectOne Bancorp, Inc. to Host 2024 Third Quarter Results Conference Call on October 24, 2024
ENGLEWOOD CLIFFS, N.J., Oct. 10, 2024 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today announced that it plans to release results for the third quarter ended September 30, 2024, before the market opens on Thursday, October 24, 2024. Management will also host a conference call and audio webcast at 10:00 a.m. ET on October 24, 2024, to review the Company's financial performance and operating results.
globenewswire.com
- 1 month ago
CNOB INVESTIGATION: The M&A Class Action Firm Investigates the Merger of ConnectOne Bancorp, Inc. - CNOB
NEW YORK , Sept. 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.
prnewswire.com
- 2 months ago
ConnectOne Bancorp to Acquire The First of Long Island for $284M
CNOB is set to acquire FLIC for $284 million in an all-stock deal to expand its presence in Long Island. It is set to be 36% accretive to 2025 earnings.
zacks.com
- 2 months ago
FIRST OF LONG ISLAND INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The First of Long Island Corporation - FLIC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The First of Long Island Corporation (NasdaqCM: FLIC) to ConnectOne Bancorp, Inc. (NasdaqGS: CNOB). Under the terms of the proposed transaction, shareholders of FLIC will receive 0.5175 shares of ConnectOne for each share of FLIC that they own. KSF is seeking to determine whether this consideration and the pro.
businesswire.com
- 2 months ago
ConnectOne Bancorp to buy First of Long Island in $284 mln deal
ConnectOne Bancorp has agreed to buy smaller peer First of Long Island in an all-stock deal valued at $284 million, the companies said on Thursday.
reuters.com
- 2 months ago
ConnectOne Bancorp, Inc. to Expand on Long Island Through Merger with The First of Long Island Corporation
ENGLEWOOD CLIFFS, N.J., Sept. 05, 2024 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) ("ConnectOne or “Company"), parent company of ConnectOne Bank, and The First of Long Island Corporation (Nasdaq: FLIC) (“First of Long Island”), parent company of The First National Bank of Long Island, jointly announced today that they have entered into a definitive agreement pursuant to which First of Long Island will merge with and into ConnectOne. The combined company will operate under the ConnectOne brand, and will have approximately $14 billion in total assets, $11 billion in total deposits, and $11 billion in total loans.
globenewswire.com
- 2 months ago
ConnectOne Bancorp: Preferred Shares Not Offering Attractive Yield
ConnectOne Bancorp has experienced growth since its founding nearly 20 years ago, with preferred shares rallying since the regional banking crisis. Financial results show a decreased net interest spread due to increased borrowing yields, but the net interest margin remains stable. Loan and deposit growth at CNOB has been stagnant, with potential risks including loan performance and the presence of uninsured deposits.
seekingalpha.com
- 2 months ago
ConnectOne (CNOB) Upgraded to Buy: Here's What You Should Know
ConnectOne (CNOB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
zacks.com
- 3 months ago
Here's What Key Metrics Tell Us About ConnectOne (CNOB) Q2 Earnings
While the top- and bottom-line numbers for ConnectOne (CNOB) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 3 months ago
8. Profile Summary
ConnectOne Bancorp, Inc. CNOB
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 1.04 B
Dividend Yield
0.80%
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.
Contact
301 Sylvan Avenue, Englewood Cliffs, NJ, 07632
https://www.connectonebank.com
IPO Date
April 4, 1994
Employees
487
Officers
Mr. Frank S. Sorrentino III
Chairman, President & Chief Executive Officer
Ms. Elizabeth Magennis
President of ConnectOne Bank & Director
Mr. Sharif Alexandre
Executive Vice President & Chief Technology Officer
Mr. William S. Burns
Senior EVice President & Chief Financial Officer
Ms. Siya Vansia
Senior Vice President & Chief Brand & Innovation Officer
Mr. Joseph T. Javitz
First Senior Vice President & Chief Credit Officer
Ms. Laura Criscione
Executive Vice President, Corporate Secretary & Chief Compliance Officer
Mr. Mark Zurlini
Executive Vice President & Chief Lending Officer
Mr. Michael Rozman
President of BoeFly Division
Mr. Michael O'Malley
Executive Vice President & Chief Risk Officer