From what 4 stock analysts predict, the share price for ConnectOne Bancorp Inc (CNOB) might increase by 1.82% in the next year. This is based on a 12-month average estimation for CNOB. Price targets go from $25 to $30. The majority of stock analysts believe CNOB is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
CNOB is a stock in Financial Services which has been forecasted to be worth $28 as an average. On the higher end, the forecast price is $30 USD by from and on the lower end CNOB is forecasted to be $25 by Frank Schiraldi from Piper Sandler.
These are the latest 20 analyst ratings of CNOB.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Timothy Switzer Keefe, Bruyette & Woods | Market Perform | $26 | Reiterates | Jul 26, 2024 |
Frank Schiraldi Piper Sandler | Overweight | $25 | Maintains | Jul 26, 2024 |
Timothy Switzer Keefe, Bruyette & Woods | Market Perform | $22 | Downgrade | May 31, 2024 |
Timothy Switzer Keefe, Bruyette & Woods | Outperform | $24 | Reiterates | Apr 26, 2024 |
Daniel Tamayo Raymond James | Strong Buy | $28 | Maintains | Jan 29, 2024 |
Michael Perito Keefe, Bruyette & Woods | Outperform | $27 | Maintains | Jan 26, 2024 |
Frank Schiraldi Piper Sandler | Overweight | $25 | Maintains | Jan 26, 2024 |
Daniel Tamayo Raymond James | Strong Buy | $26 | Upgrade | Jul 31, 2023 |
Michael Perito Keefe, Bruyette & Woods | Outperform | $24 | Maintains | May 1, 2023 |
Michael Perito Keefe, Bruyette & Woods | Outperform | $26 | Maintains | Apr 6, 2023 |
Matt Breese Stephens & Co. | Overweight | $28 | Maintains | Jan 30, 2023 |
Daniel Tamayo Raymond James | Market Perform | Assumes | Dec 22, 2022 | |
Matt Breese Stephens & Co. | Overweight | $32 | Maintains | Aug 2, 2022 |
William Wallace Raymond James | Outperform | $28 | Maintains | Jul 7, 2022 |
William Wallace Raymond James | Outperform | $33 | Maintains | Apr 29, 2022 |
William Wallace Raymond James | Outperform | $38 | Downgrade | Jan 31, 2022 |
William Wallace Raymond James | Strong Buy | $40 | Maintains | Jul 30, 2021 |
Seaport Global | Buy | Initiates | Feb 18, 2021 | |
William Wallace Raymond James | Strong Buy | $28 | Maintains | Jan 29, 2021 |
Piper Sandler | Overweight | Initiates | Dec 17, 2020 |
When did it IPO
1996
Staff Count
487
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Frank S. Sorrentino III
Market Cap
$1.06B
In 2023, CNOB generated $269.1M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that CNOB's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - ConnectOne Bancorp, Inc. held its Q3 2024 earnings call on October 24, 2024, featuring executives including CEO Frank Sorrentino and CFO Bill Burns.
Why It Matters - ConnectOne Bancorp's Q3 earnings call provides insights into financial performance, strategic direction, and market positioning, which can influence stock valuation and investor sentiment.
Summary - ConnectOne (CNOB) reported its quarterly performance for September 2024, suggesting a comparison of key metrics to Wall Street estimates and year-ago figures may be beneficial for investors.
Why It Matters - Comparing ConnectOne's metrics to Wall Street estimates and previous year values provides insights into growth, performance trends, and potential stock valuation changes.
Summary - ConnectOne Bancorp (CNOB) reported Q3 earnings of $0.42 per share, below the Zacks Consensus Estimate of $0.45 and down from $0.51 per share year-over-year.
Why It Matters - ConnectOne Bancorp's earnings miss may signal weakening profitability, potentially impacting stock performance and investor confidence. Year-over-year decline raises concerns about growth prospects.
Summary - ConnectOne Bancorp, Inc. will release its Q3 2024 financial results on October 24, 2024, before market open, followed by a conference call at 10:00 a.m. ET.
Why It Matters - ConnectOne Bancorp's upcoming earnings release and conference call can significantly impact stock performance and investor sentiment, offering insights into its financial health and future outlook.
Summary - Monteverde & Associates PC has successfully recovered funds for shareholders and was named a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.
Why It Matters - Recognition of Monteverde & Associates as a top firm highlights their effectiveness in recovering funds for shareholders, potentially boosting investor confidence in class action outcomes.
Summary - CNOB will acquire FLIC for $284 million in an all-stock deal to enhance its Long Island presence, expected to boost 2025 earnings by 36%.
Why It Matters - CNOB's acquisition of FLIC enhances market presence and is expected to significantly boost earnings in 2025, which could lead to increased shareholder value and stock performance.