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NASDAQ: CNOB
Connectone Bancorp Inc Stock

$24.83+0.53 (+2.18%)
Updated Feb 3, 2023
CNOB Price
$24.83
Fair Value Price
$33.27
Market Cap
$974.41M
52 Week Low
$21.35
52 Week High
$34.23
P/E
8.19x
P/B
0.85x
P/S
3.09x
PEG
0.43x
Dividend Yield
3.02%
Revenue
$292.82M
Earnings
$125.69M
Gross Margin
100%
Operating Margin
58.62%
Profit Margin
40.8%
Debt to Equity
7.25
Operating Cash Flow
$143M
Beta
1.06
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A

CNOB Overview

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.

Zen Score

Industry Average (35)
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Due Diligence Checks

CNOB ($24.83) is undervalued by 25.37% relative to our estimate of its Fair Value price of $33.27 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
CNOB ($24.83) is significantly undervalued by 25.37% relative to our estimate of its Fair Value price of $33.27 based on Discounted Cash Flow (DCF) modelling, which includes a healthy margin of safety
Significantly Below Fair Value Valuation
CNOB ($24.83) is trading below... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
There are 35 more CNOB due diligence checks available for Premium users.

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CNOB News

Valuation

CNOB fair value

Fair Value of CNOB stock based on Discounted Cash Flow (DCF)
Price
$24.83
Fair Value
$33.27
Undervalued by
25.37%
CNOB ($24.83) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
CNOB ($24.83) is significantly undervalued... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
CNOB ($24.83) is trading below... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

CNOB price to earnings (PE)

For valuing profitable companies with steady earnings
Company
8.19x
Industry
19.64x
Market
15.09x
CNOB is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
CNOB is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

CNOB price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
0.85x
Industry
1.2x
CNOB is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

CNOB price to earnings growth (PEG)

For valuing profitable companies with growth potential
CNOB is good value based... subscribe to Premium to read more.
PEG Value Valuation

CNOB's financial health

Profit margin

Revenue
$71.5M
Net Income
$28.9M
Profit Margin
38.3%
CNOB's Earnings (EBIT) of $171.66M... subscribe to Premium to read more.
Interest Coverage Financials
CNOB's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$9.5B
Liabilities
$8.3B
Debt to equity
7.25
CNOB's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
CNOB's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$24.0M
Investing
-$629.9M
Financing
$640.4M
CNOB's operating cash flow ($142.58M)... subscribe to Premium to read more.
Debt Coverage Financials

CNOB vs Bank Stocks

TickerMarket Cap1d %P/EP/B
CNOB$974.41M+2.18%8.19x0.85x
BY$966.93M+0.74%11.62x1.29x
AMTB$1.01B+1.85%9.67x1.44x
RBCAA$920.60M+1.15%10.50x1.09x
QCRH$916.15M+0.44%9.03x1.24x

Connectone Bancorp Stock FAQ

What is Connectone Bancorp's quote symbol?

NASDAQ: CNOB) Connectone Bancorp trades on the NASDAQ under the ticker symbol CNOB. Connectone Bancorp stock quotes can also be displayed as NASDAQ: CNOB.

If you're new to stock investing, here's how to buy Connectone Bancorp stock.

What is the 52 week high and low for Connectone Bancorp (NASDAQ: CNOB)?

(NASDAQ: CNOB) Connectone Bancorp's 52-week high was $34.23, and its 52-week low was $21.35. It is currently -27.46% from its 52-week high and 16.33% from its 52-week low.

How much is Connectone Bancorp stock worth today?

(NASDAQ: CNOB) Connectone Bancorp currently has 39,243,123 outstanding shares. With Connectone Bancorp stock trading at $24.83 per share, the total value of Connectone Bancorp stock (market capitalization) is $974.41M.

Connectone Bancorp stock was originally listed at a price of $7.83 in Dec 31, 1997. If you had invested in Connectone Bancorp stock at $7.83, your return over the last 25 years would have been 216.99%, for an annualized return of 4.72% (not including any dividends or dividend reinvestments).

How much is Connectone Bancorp's stock price per share?

(NASDAQ: CNOB) Connectone Bancorp stock price per share is $24.83 today (as of Feb 3, 2023).

What is Connectone Bancorp's Market Cap?

(NASDAQ: CNOB) Connectone Bancorp's market cap is $974.41M, as of Feb 6, 2023.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Connectone Bancorp's market cap is calculated by multiplying CNOB's current stock price of $24.83 by CNOB's total outstanding shares of 39,243,123.
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