How to Buy Connectone Bancorp Stock
Connectone Bancorp Inc
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.
Connectone Bancorp stock last closed at $26.12, down 1.95% from the previous day, and has increased 26.06% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.1 percentage points. Connectone Bancorp stock is currently +53.02% from its 52-week low of $17.07, and -10.88% from its 52-week high of $29.31.
At the moment, there are 38.37M CNOB shares outstanding. The market value of CNOB is $1.00B. In the past 24 hours, 132,396 CNOB shares were traded.
How to Buy Connectone Bancorp Stock
Wondering how to invest in Connectone Bancorp stock? Here's how.
- Choose where to buy Connectone Bancorp stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Connectone Bancorp stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your method of payment and add your details.
- Research Connectone Bancorp stock: The Connectone Bancorp ticker symbol is CNOB. Is Connectone Bancorp stock a good investment? Should you buy shares of CNOB? How do CNOB's underlying business fundamentals look? Do top analysts think Connectone Bancorp is a good buy? Why has CNOB's stock price moved recently? (Hint: Our stock market research website can help you understand if CNOB is a good stock to buy).
- Execute your CNOB purchase: Decide if you will purchase CNOB shares at the current market price or use a limit order to purchase CNOB stock at a given price.
- Get the latest scoop on your CNOB position: Create a watchlist to keep tabs on your new investment in Connectone Bancorp shares.
Step 1: Choose where to buy Connectone Bancorp stock
You will need an online brokerage account in order to access the NASDAQ market and buy CNOB stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal details so you can buy CNOB stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your investment account
Now that you have finished signing up on the best stock app, you need to deposit funds:
Watch the walkthrough below for more details transferring money into your new investment account.
Step 4: Research Connectone Bancorp stock
After you have identified the best place to buy Connectone Bancorp stock, it's very important to evaluate their stock before you invest, so you can understand the risk and opportunity.
Connectone Bancorp shares at a glance
Connectone Bancorp Overview
WallStreetZen was built to help average investors perform more accurate fundamental analysis in less time.
You can view all of the due diligence checks on CNOB's stock page.
Is CNOB stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge CNOB's fair value.
Using relative valuations measures:
- CNOB could be undervalued based on its P/E ratio of 15.01x, relative to Banks - Regional industry P/E ratio of 35.27x
- CNOB could be undervalued based on its P/B ratio of 0.81x, relative to Banks - Regional industry P/B ratio of 1.16x
- CNOB may be overvalued based on its PEG ratio of 1.1x
You can do additional valuation analysis on CNOB's stock here.
CNOB Financial Overview
Positive Health Checks:
- Total CNOB debt is lower than 5 years ago, relative to shareholder equity.
- CNOB earnings of $97.50M is not enough to cover its interest payments.
Negative Health Checks:
- CNOB has a relatively high debt to equity ratio of 6.78.
- CNOB profit margin has gone down from 34.2% to 26.8% in the past year.
- CNOB's operating cash flow of $56.79M allows it to safely service it's debt of $837.20M.
Do Wall Street analysts think it's a good time to buy CNOB stock
Out of 2 Wall Street analysts who monitor CNOB, the consensus analyst rating on Connectone Bancorp is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Connectone Bancorp stock forecast page.
CNOB Momentum
Is CNOB Making Money?
Last year, CNOB earnings were $66.66M. In the past five year, CNOB's earnings have gone up by -3.23% per year. This was slower than the Banks - Regional industry average of 29.73%.
Last year, CNOB revenue was $248.64M. During the past five year, CNOB's revenue has increased by 6.95% per year. This was slower than the Banks - Regional industry average of 15.3%.
You can analyze CNOB's earnings and revenue performance here.
Latest Insiders Trades at CNOB
In the last year, executives and large shareholders at CNOB have sold more shares than they have bought.
William S. Burns, Senior EVP CFO of CNOB, was the latest CNOB insider to sell. They sold $20,194.72 worth of CNOB stock on Mar 25, 2024.
Get more info about who owns CNOB stock here.
Does CNOB stock generate passive income?
Connectone Bancorp pays a dividend of 2.72%, compared to the Banks - Regional industry's average dividend yield of 2.82%. If you owned $1,000 worth of CNOB stock, you would have received $27.18 in the past year.
Connectone Bancorp dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Connectone Bancorp dividend yield and history here.
What do other investors have to say about CNOB?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your CNOB purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular price limit, use a limit order.
Hit the Open Trade button and your broker will execute the order.
If you need more info about investing in stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your CNOB position
Now that you own some shares in CNOB, you'll want to keep up with your new shares.
Make a watchlist to track the latest developments regarding your CNOB stock.
CNOB Feed
How to Buy Stock in Connectone Bancorp
To summarize, here are the 6 steps for buying Connectone Bancorp stock:
- Choose where to buy Connectone Bancorp stock
- Create a brokerage account
- Fund your investment account
- Research Connectone Bancorp stock
- Execute your CNOB purchase
- Get the latest scoop on your CNOB position
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Connectone Bancorp, create a watchlist on WallStreetZen today.
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