ConnectOne Bancorp (NASDAQ:CNOB) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

ConnectOne Bancorp (NASDAQ:CNOB) had its price objective lifted by stock analysts at Keefe, Bruyette & Woods from $30.00 to $32.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 20.21% from the stock’s current price.

Several other analysts also recently issued reports on CNOB. Hovde Group cut their price target on ConnectOne Bancorp from $32.50 to $32.00 and set an “outperform” rating on the stock in a report on Friday. Wall Street Zen lowered ConnectOne Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “hold (c)” rating on shares of ConnectOne Bancorp in a report on Wednesday, January 21st. Finally, Piper Sandler initiated coverage on shares of ConnectOne Bancorp in a research report on Friday, November 7th. They set an “overweight” rating and a $28.00 price target for the company. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ConnectOne Bancorp has a consensus rating of “Moderate Buy” and an average target price of $30.67.

ConnectOne Bancorp Trading Down 3.6%

ConnectOne Bancorp stock opened at $26.62 on Friday. ConnectOne Bancorp has a 1 year low of $20.61 and a 1 year high of $29.28. The firm’s 50-day moving average is $26.78 and its 200-day moving average is $25.33. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $1.34 billion, a P/E ratio of 17.75 and a beta of 1.13.

ConnectOne Bancorp (NASDAQ:CNOB) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.09. ConnectOne Bancorp had a net margin of 11.83% and a return on equity of 9.59%. The firm had revenue of $114.63 million for the quarter, compared to analyst estimates of $114.80 million. On average, equities analysts expect that ConnectOne Bancorp will post 2.23 earnings per share for the current year.

Institutional Investors Weigh In On ConnectOne Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNOB. Farther Finance Advisors LLC increased its position in shares of ConnectOne Bancorp by 275.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,471 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,079 shares during the period. Osaic Holdings Inc. boosted its position in shares of ConnectOne Bancorp by 728.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,781 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,566 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of ConnectOne Bancorp by 107.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,842 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 956 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of ConnectOne Bancorp in the 3rd quarter worth approximately $48,000. Finally, Ameritas Investment Partners Inc. lifted its stake in ConnectOne Bancorp by 28.8% during the second quarter. Ameritas Investment Partners Inc. now owns 4,746 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 1,061 shares during the last quarter. Institutional investors own 67.70% of the company’s stock.

ConnectOne Bancorp News Roundup

Here are the key news stories impacting ConnectOne Bancorp this week:

• Positive Sentiment: Q4 results beat on the bottom line: EPS $0.83 vs. $0.74 expected; net interest margin widened and the company reported continued asset growth including a ~$14B asset milestone and solid credit trends — supports earnings momentum. Press Release
• Positive Sentiment: Analyst upgrade: Keefe, Bruyette & Woods raised its price target to $32 and keeps an “Outperform” rating — implies roughly 20% upside from current levels and is supportive of the stock. Benzinga
• Positive Sentiment: Dividend declared: quarterly cash dividend of $0.18 per share (annualized yield ~2.6%), with record/ex-dividend dates announced — supports income-focused investors and reduces downside. Dividend/Release
• Neutral Sentiment: Analyst note with small trim: Hovde Group trimmed its price target to $32.00 from $32.50 but maintained an “Outperform” rating — a modest tweak rather than a bearish call.
• Neutral Sentiment: Revenue was essentially flat versus expectations ($114.63M reported vs. ~$114.8M consensus) — underlying business activity appears stable but not clearly accelerating. Earnings Summary
• Negative Sentiment: Market reaction: shares are trading down on the session despite the EPS beat — likely reflecting profit-taking and the market digesting mixed signals (earnings beat vs. revenue slight miss and only modest upside from some analysts).

ConnectOne Bancorp Company Profile

ConnectOne Bancorp is a New Jersey‐based bank holding company whose primary subsidiary, ConnectOne Bank, offers a suite of commercial banking services to small and medium‐sized businesses, professionals and individuals. Established in 2005 and headquartered in Englewood Cliffs, New Jersey, the company seeks to deliver customized lending and deposit solutions through a network of branches across northern New Jersey and the New York metropolitan area.

The company’s lending portfolio centers on commercial real estate financing, construction lending, owner‐occupied real estate loans and working capital lines of credit.