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ConnectOne Bancorp, Inc 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 408 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$10.65 - $28.24|
|50-day moving average||$25.92|
|200-day moving average||$21.48|
|Wall St. target price||$32.00|
|Dividend yield||$0.36 (1.34%)|
|Earnings per share (TTM)||$1.79|
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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 15x. In other words, ConnectOne Bancorp shares trade at around 15x 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||$211.4 million|
|Operating margin TTM||52.79%|
|Gross profit TTM||$211.4 million|
|Return on assets TTM||1.04%|
|Return on equity TTM||8.66%|
|Market capitalisation||$1.1 billion|
TTM: trailing 12 months
There are currently 359,637 ConnectOne Bancorp shares held short by investors – that's known as ConnectOne Bancorp's "short interest". This figure is 5% down from 378,454 last month.
There are a few different ways that this level of interest in shorting ConnectOne Bancorp shares can be evaluated.
ConnectOne Bancorp's "short interest ratio" (SIR) is the quantity of ConnectOne Bancorp shares currently shorted divided by the average quantity of ConnectOne Bancorp shares traded daily (recently around 145602.0242915). ConnectOne Bancorp's SIR currently stands at 2.47. In other words for every 100,000 ConnectOne Bancorp shares traded daily on the market, roughly 2470 shares are currently held short.
However ConnectOne Bancorp's short interest can also be evaluated against the total number of ConnectOne Bancorp shares, or, against the total number of tradable ConnectOne Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case ConnectOne Bancorp's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 ConnectOne Bancorp shares in existence, roughly 10 shares are currently held short) or 0.0097% of the tradable shares (for every 100,000 tradable ConnectOne Bancorp shares, roughly 10 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against ConnectOne Bancorp.
Find out more about how you can short ConnectOne Bancorp stock.
Dividend payout ratio: 12.73% of net profits
Recently ConnectOne Bancorp has paid out, on average, around 12.73% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.34% 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 1.34% return on their shares, in the form of dividend payments. In ConnectOne Bancorp's case, that would currently equate to about $0.36 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 28 February 2021. The latest dividend was paid out to all shareholders who bought their shares by 10 February 2021 (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 $10.6474 up to $28.24. 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 1.38. This would suggest that ConnectOne Bancorp's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank, a chartered commercial bank that provides various commercial banking products and services. The company's deposit products include personal and business checking accounts, retirement accounts, money market accounts, 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 insurance, credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, ACH origination, mobile banking by phone, safe deposit box, and remote deposit capture services. It operates through a network of nine banking offices in Bergen County, five banking offices in Union County, two banking offices in Morris County, one office Essex County, one office in Hudson County, one office in Mercer County, one office in Monmouth County, one office in the borough of Manhattan, one office in Nassau County, and one office in Astoria, as well as six branches in the Hudson Valley. ConnectOne Bancorp, Inc.
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