Connectone Bancorp Stock Analysis
| CNOB Stock | USD 18.88 0.24 1.29% |
ConnectOne Bancorp is undervalued with Real Value of 21.31 and Target Price of 22.8. The main objective of ConnectOne Bancorp stock analysis is to determine its intrinsic value, which is an estimate of what ConnectOne Bancorp is worth, separate from its market price. There are two main types of ConnectOne Bancorp's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect ConnectOne Bancorp's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of ConnectOne Bancorp's stock to identify patterns and trends that may indicate its future price movements.
The ConnectOne Bancorp stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. ConnectOne Bancorp is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. ConnectOne Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and ConnectOne Bancorp's ongoing operational relationships across important fundamental and technical indicators.
ConnectOne |
ConnectOne Stock Analysis Notes
About 69.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.62. Some equities with similar Price to Book (P/B) outperform the market in the long run. ConnectOne Bancorp has Price/Earnings To Growth (PEG) ratio of 1.83. The entity last dividend was issued on the 14th of February 2024. The firm had 105:100 split on the 27th of April 2007. 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, Inc. was incorporated in 1982 and is headquartered in Englewood Cliffs, New Jersey. Connectone Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 434 people. For more info on ConnectOne Bancorp please contact Frank Sorrentino at 201 816 8900 or go to https://www.connectonebank.com.ConnectOne Bancorp Quarterly Total Revenue |
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ConnectOne Bancorp Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. ConnectOne Bancorp's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding ConnectOne Bancorp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
| ConnectOne Bancorp generated a negative expected return over the last 90 days | |
| ConnectOne Bancorp has a frail financial position based on the latest SEC disclosures | |
| About 69.0% of the company shares are held by institutions such as insurance companies | |
| On 1st of March 2024 ConnectOne Bancorp paid $ 0.17 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Analysts Estimate ConnectOne Bancorp to Report a Decline in Earnings What to Look Out for |
ConnectOne Bancorp Upcoming and Recent Events
Earnings reports are used by ConnectOne Bancorp to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to ConnectOne Bancorp previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 25th of April 2024 Upcoming Quarterly Report | View | |
| 25th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 23rd of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
ConnectOne Largest EPS Surprises
Earnings surprises can significantly impact ConnectOne Bancorp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2007-07-26 | 2007-06-30 | 0.06 | 0.07 | 0.01 | 16 | ||
2006-07-31 | 2006-06-30 | 0.09 | 0.1 | 0.01 | 11 | ||
2004-10-28 | 2004-09-30 | 0.18 | 0.2 | 0.02 | 11 |
ConnectOne Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as ConnectOne Bancorp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading ConnectOne Bancorp backward and forwards among themselves. ConnectOne Bancorp's institutional investor refers to the entity that pools money to purchase ConnectOne Bancorp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Bank Of America Corp | 2023-12-31 | 517.1 K | Brandywine Global Investment Mgmt Llc | 2023-12-31 | 488 K | American Century Companies Inc | 2023-12-31 | 459.5 K | Charles Schwab Investment Management Inc | 2023-12-31 | 438.2 K | Northern Trust Corp | 2023-12-31 | 423.1 K | Manufacturers Life Insurance Co | 2023-12-31 | 331.1 K | Knights Of Columbus Asset Advisors Llc | 2023-12-31 | 246.2 K | Ameriprise Financial Inc | 2023-12-31 | 230.8 K | Bank Of New York Mellon Corp | 2023-12-31 | 222.2 K | Blackrock Inc | 2023-12-31 | 3.8 M | Fmr Inc | 2023-12-31 | 3.4 M |
ConnectOne Market Capitalization
The company currently falls under 'Small-Cap' category with a current market capitalization of 723.73 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ConnectOne Bancorp's market, we take the total number of its shares issued and multiply it by ConnectOne Bancorp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.ConnectOne Profitablity
ConnectOne Bancorp's profitability indicators refer to fundamental financial ratios that showcase ConnectOne Bancorp's ability to generate income relative to its revenue or operating costs. If, let's say, ConnectOne Bancorp is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, ConnectOne Bancorp's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of ConnectOne Bancorp's profitability requires more research than a typical breakdown of ConnectOne Bancorp's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.33 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.47 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.47. | Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.04 | 0.03 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.07 | 0.11 |
Management Efficiency
The current year's Return On Equity is expected to grow to 0.11, whereas Return On Tangible Assets are forecasted to decline to 0.01. At present, ConnectOne Bancorp's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 10 B, whereas Other Assets are forecasted to decline to 0.95. ConnectOne Bancorp's management efficiency ratios could be used to measure how well ConnectOne Bancorp manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 31.35 | 32.92 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 25.83 | 20.03 | |
| Enterprise Value Over EBITDA | 9.77 | 9.28 | |
| Price Book Value Ratio | 0.73 | 0.69 | |
| Enterprise Value Multiple | 9.77 | 9.28 | |
| Price Fair Value | 0.73 | 0.69 | |
| Enterprise Value | 337.7 M | 183.5 M |
The analysis of ConnectOne Bancorp's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze ConnectOne Bancorp's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of ConnectOne Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.036 | Forward Dividend Yield 0.036 | Forward Dividend Rate 0.68 | Beta 1.23 |
Technical Drivers
As of the 23rd of April, ConnectOne Bancorp shows the Risk Adjusted Performance of (0.05), mean deviation of 1.62, and Standard Deviation of 2.27. ConnectOne Bancorp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate data for thirteen technical drivers for ConnectOne Bancorp, which can be compared to its peers. Please confirm ConnectOne Bancorp variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if ConnectOne Bancorp is priced correctly, providing market reflects its regular price of 18.88 per share. Given that ConnectOne Bancorp has information ratio of (0.14), we suggest you to validate ConnectOne Bancorp's prevailing market performance to make sure the company can sustain itself at a future point.ConnectOne Bancorp Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. ConnectOne Bancorp middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for ConnectOne Bancorp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
ConnectOne Bancorp Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific ConnectOne Bancorp insiders, such as employees or executives, is commonly permitted as long as it does not rely on ConnectOne Bancorp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases ConnectOne Bancorp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Elizabeth Magennis over a week ago Acquisition by Elizabeth Magennis of 8309 shares of ConnectOne Bancorp subject to Rule 16b-3 | ||
Frank Baier over two weeks ago Acquisition by Frank Baier of 4253 shares of ConnectOne Bancorp subject to Rule 16b-3 | ||
William Burns over three weeks ago Disposition of 1064 shares by William Burns of ConnectOne Bancorp at 18.98 subject to Rule 16b-3 | ||
William Burns over a month ago Disposition of 1065 shares by William Burns of ConnectOne Bancorp at 19.01 subject to Rule 16b-3 | ||
Laura Criscione over a month ago Disposition of 1612 shares by Laura Criscione of ConnectOne Bancorp at 19.01 subject to Rule 16b-3 | ||
Laura Criscione over a month ago Disposition of 832 shares by Laura Criscione of ConnectOne Bancorp at 19.57 subject to Rule 16b-3 |
ConnectOne Bancorp Predictive Daily Indicators
ConnectOne Bancorp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of ConnectOne Bancorp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
ConnectOne Bancorp Corporate Filings
8K | 11th of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 5th of April 2024 An amended filing to the original Schedule 13G | ViewVerify |
F4 | 26th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 22nd of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 20th of March 2024 Other Reports | ViewVerify | |
10K | 23rd of February 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
8K | 14th of February 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 13th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
ConnectOne Bancorp Forecast Models
ConnectOne Bancorp's time-series forecasting models are one of many ConnectOne Bancorp's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary ConnectOne Bancorp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About ConnectOne Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how ConnectOne Bancorp prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling ConnectOne shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as ConnectOne Bancorp. By using and applying ConnectOne Stock analysis, traders can create a robust methodology for identifying ConnectOne entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | 0.23 | 0.28 | |
| Operating Profit Margin | 0.34 | 0.30 | |
| Net Profit Margin | 0.17 | 0.22 | |
| Gross Profit Margin | 0.67 | 0.59 |
Current ConnectOne Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. ConnectOne analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. ConnectOne analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
| Target Price | Advice | # of Analysts | |
| 22.8 | Strong Buy | 5 | Odds |
Most ConnectOne analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand ConnectOne stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of ConnectOne Bancorp, talking to its executives and customers, or listening to ConnectOne conference calls.
ConnectOne Stock Analysis Indicators
ConnectOne Bancorp stock analysis indicators help investors evaluate how ConnectOne Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading ConnectOne Bancorp shares will generate the highest return on investment. By understating and applying ConnectOne Bancorp stock analysis, traders can identify ConnectOne Bancorp position entry and exit signals to maximize returns.
| Begin Period Cash Flow | 268.3 M | |
| Long Term Debt | 1 B | |
| Common Stock Shares Outstanding | 39 M | |
| Total Stockholder Equity | 1.2 B | |
| Tax Provision | 36.1 M | |
| Quarterly Earnings Growth Y O Y | -0.412 | |
| Property Plant And Equipment Net | 42.8 M | |
| Cash And Short Term Investments | 678.6 M | |
| Cash | 242.7 M | |
| Net Debt | 783.5 M | |
| 50 Day M A | 19.293 | |
| Total Current Liabilities | 5.5 B | |
| Other Operating Expenses | 387.1 M | |
| Non Current Assets Total | 9.6 B | |
| Forward Price Earnings | 10.2145 | |
| Non Currrent Assets Other | 312.6 M | |
| Stock Based Compensation | 4.9 M |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConnectOne Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For information on how to trade ConnectOne Stock refer to our How to Trade ConnectOne Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for ConnectOne Stock analysis
When running ConnectOne Bancorp's price analysis, check to measure ConnectOne Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ConnectOne Bancorp is operating at the current time. Most of ConnectOne Bancorp's value examination focuses on studying past and present price action to predict the probability of ConnectOne Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConnectOne Bancorp's price. Additionally, you may evaluate how the addition of ConnectOne Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is ConnectOne Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ConnectOne Bancorp. If investors know ConnectOne will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ConnectOne Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.41) | Dividend Share 0.68 | Earnings Share 2.07 | Revenue Per Share 6.723 | Quarterly Revenue Growth (0.19) |
The market value of ConnectOne Bancorp is measured differently than its book value, which is the value of ConnectOne that is recorded on the company's balance sheet. Investors also form their own opinion of ConnectOne Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ConnectOne Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ConnectOne Bancorp's market value can be influenced by many factors that don't directly affect ConnectOne Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ConnectOne Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ConnectOne Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConnectOne Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.