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ConnectOne Bancorp is a banks-regional business based in the US. ConnectOne Bancorp shares (CNOB) are listed on the NASDAQ and all prices are listed in US Dollars. ConnectOne Bancorp employs 434 staff and has a trailing 12-month revenue of around $292.8 million.
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| Latest market close | $22.16 |
|---|---|
| 52-week range | $21.35 - $33.64 |
| 50-day moving average | $24.89 |
| 200-day moving average | $25.70 |
| Wall St. target price | $31.33 |
| PE ratio | 7.4172 |
| Dividend yield | $0.595 (2.54%) |
| Earnings per share (TTM) | $3.02 |
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This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $22.16 from 2023-01-27
| 1 week (2023-01-23) | -11.08% |
|---|---|
| 1 month (2022-12-30) | -8.47% |
| 3 months (2022-10-28) | -10.97% |
| 6 months (2022-07-29) | -16.19% |
| 1 year (2022-01-28) | -34.30% |
|---|---|
| 2 years (2021-01-29) | 4.28% |
| 3 years (2020-01-30) | 24.05 |
| 5 years (2018-01-30) | 29.15 |
Valuing ConnectOne Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of ConnectOne Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
ConnectOne Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 7x. In other words, ConnectOne Bancorp shares trade at around 7x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
ConnectOne Bancorp's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.83. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into ConnectOne Bancorp's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
| Revenue TTM | $292.8 million |
|---|---|
| Operating margin TTM | 60.14% |
| Gross profit TTM | $284.1 million |
| Return on assets TTM | 1.44% |
| Return on equity TTM | 11.19% |
| Profit margin | 42.93% |
| Book value | $26.50 |
| Market capitalisation | $879 million |
TTM: trailing 12 months
Dividend payout ratio: 19.7% of net profits
Recently ConnectOne Bancorp has paid out, on average, around 19.7% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.54% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), ConnectOne Bancorp shareholders could enjoy a 2.54% return on their shares, in the form of dividend payments. In ConnectOne Bancorp's case, that would currently equate to about $0.595 per share.
While ConnectOne Bancorp's payout ratio might seem low, this can signify that ConnectOne Bancorp is investing more in its future growth.
ConnectOne Bancorp's most recent dividend payout was on 30 November 2022. The latest dividend was paid out to all shareholders who bought their shares by 9 November 2022 (the "ex-dividend date").
ConnectOne Bancorp's shares were split on a 105:100 basis on 26 April 2007. So if you had owned 100 shares the day before before the split, the next day you'd have owned 105 shares. This wouldn't directly have changed the overall worth of your ConnectOne Bancorp shares – just the quantity. However, indirectly, the new 4.8% lower share price could have impacted the market appetite for ConnectOne Bancorp shares which in turn could have impacted ConnectOne Bancorp's share price.
Over the last 12 months, ConnectOne Bancorp's shares have ranged in value from as little as $21.35 up to $33.635. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while ConnectOne Bancorp's is 1.1754. This would suggest that ConnectOne Bancorp's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
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.
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