Financial Services - Banks - Regional - NASDAQ - US
$ 21.175
-2.11 %
$ 1.03 B
Market Cap
6.72
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 CNOBP stock under the base case scenario is HIDDEN Compared to the current market price of 21.2 USD, ConnectOne Bancorp, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart CNOBP
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.
CNOBP has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.80%
DIVIDEND YIELD
0.328 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 |
7. News
8. Profile Summary
ConnectOne Bancorp, Inc. CNOBP
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 1.03 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
Aug. 13, 2021
Employees
487
Officers
Mr. Michael O'Malley
Executive Vice President & Chief Risk Officer
Mr. Michael Rozman
President of BoeFly Division
Ms. Elizabeth Magennis
President of ConnectOne Bank & Director
Mr. Mark Zurlini
Executive Vice President & Chief Lending Officer
Mr. Frank S. Sorrentino III
Chairman, President & Chief Executive Officer
Ms. Laura Criscione
Executive Vice President, Corporate Secretary & Chief Compliance Officer
Mr. Sharif Alexandre
Executive Vice President & Chief Technology Officer
Ms. Siya Vansia
Senior Vice President & Chief Brand & Innovation Officer
Mr. Joseph T. Javitz
First Senior Vice President & Chief Credit Officer
Mr. William S. Burns
Senior EVice President & Chief Financial Officer