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How to buy ConnectOne Bancorp (CNOB) stocks in Canada
Learn how to easily invest in ConnectOne Bancorp stocks.
ConnectOne Bancorp is a banks-regional business based in the US. ConnectOne Bancorp stocks (CNOB.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $24.76 – a decrease of 1.25% over the previous week. ConnectOne Bancorp employs 408 staff and has a trailing 12-month revenue of around $270.5 million.
How to buy shares in ConnectOne Bancorp
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – CNOB – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
- Can I buy shares in ConnectOne Bancorp?
- Has coronavirus impacted ConnectOne Bancorp shares?
- ConnectOne Bancorp shares summary
- Compare share dealing platforms
- Is ConnectOne Bancorp stock a buy or sell?
- ConnectOne Bancorp performance over time
- Are ConnectOne Bancorp shares over-valued?
- ConnectOne Bancorp's financials
- How volatile are ConnectOne Bancorp shares?
- Does ConnectOne Bancorp pay a dividend?
- Have ConnectOne Bancorp shares ever split?
- Other common questions
ConnectOne Bancorp stock price (NASDAQ:CNOB)Use our graph to track the performance of CNOB stocks over time.
ConnectOne Bancorp shares at a glance
|Latest market close||$34.78|
|52-week range||$19.99 - $37.00|
|50-day moving average||$33.78|
|200-day moving average||$29.79|
|Wall St. target price||$39.00|
|Dividend yield||$0.44 (1.49%)|
|Earnings per share (TTM)||$3.07|
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Note: The dollar amounts in the table below are in Canadian dollars.
Is it a good time to buy ConnectOne Bancorp stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
ConnectOne Bancorp price performance over time
|1 week (2022-01-20)||-1.25%|
|1 month (2021-12-28)||6.10%|
|3 months (2021-10-28)||4.79%|
|6 months (2021-07-28)||34.86%|
|1 year (2021-01-28)||61.54%|
|2 years (2020-01-27)||42.42%|
|3 years (2019-01-25)||72.69%|
|5 years (2017-01-27)||34.55%|
Is ConnectOne Bancorp under- or over-valued?
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 P/E ratio
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 11x. In other words, ConnectOne Bancorp shares trade at around 11x 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 PEG ratio
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.
ConnectOne Bancorp financials
|Revenue TTM||$270.5 million|
|Operating margin TTM||61.34%|
|Gross profit TTM||$211.4 million|
|Return on assets TTM||1.6%|
|Return on equity TTM||12.36%|
|Market capitalisation||$1.4 billion|
TTM: trailing 12 months
ConnectOne Bancorp share dividends
Dividend payout ratio: 14.24% of net profits
Recently ConnectOne Bancorp has paid out, on average, around 14.24% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.49% 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 1.49% return on their shares, in the form of dividend payments. In ConnectOne Bancorp's case, that would currently equate to about $0.44 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 2021. The latest dividend was paid out to all shareholders who bought their shares by 11 November 2021 (the "ex-dividend date").
Have ConnectOne Bancorp's shares ever split?
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.
ConnectOne Bancorp share price volatility
Over the last 12 months, ConnectOne Bancorp's shares have ranged in value from as little as $19.9907 up to $37. 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 1.3031. 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 overview
ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for general public, small and mid-sized businesses, local professionals, and individuals in the Northern New Jersey and New York Metropolitan area. It offers personal and business checking, retirement, money market, and time and savings accounts. The company 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, it offers insurance, credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, ACH origination, mobile banking by phone, safe deposit boxes, 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. The company was formerly known as Center Bancorp, Inc.
Stocks similar to ConnectOne Bancorp
ConnectOne Bancorp in the news
ConnectOne Bancorp, Inc. (CNOB) CEO Frank Sorrentino on Q4 2021 Results - Earnings Call Transcript
ConnectOne: Q4 Earnings Snapshot
ConnectOne Bancorp: Q4 Earnings Insights
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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