ConnectOne Bancorp (NASDAQ: CNOB) is one of 331 publicly-traded companies in the “Banks” industry, but how does it weigh in compared to its rivals? We will compare ConnectOne Bancorp to related businesses based on the strength of its valuation, institutional ownership, risk, analyst recommendations, profitability, dividends and earnings.

Volatility and Risk

ConnectOne Bancorp has a beta of 0.97, indicating that its share price is 3% less volatile than the S&P 500. Comparatively, ConnectOne Bancorp’s rivals have a beta of 0.79, indicating that their average share price is 21% less volatile than the S&P 500.

Institutional and Insider Ownership

68.3% of ConnectOne Bancorp shares are held by institutional investors. Comparatively, 52.4% of shares of all “Banks” companies are held by institutional investors. 7.6% of ConnectOne Bancorp shares are held by insiders. Comparatively, 10.5% of shares of all “Banks” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Dividends

ConnectOne Bancorp pays an annual dividend of $0.30 per share and has a dividend yield of 1.1%. ConnectOne Bancorp pays out 31.6% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 1.9% and pay out 34.0% of their earnings in the form of a dividend.

Earnings & Valuation

This table compares ConnectOne Bancorp and its rivals gross revenue, earnings per share and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
ConnectOne Bancorp $171.16 million $31.08 million 28.42
ConnectOne Bancorp Competitors $3.76 billion $522.80 million 18.85

ConnectOne Bancorp’s rivals have higher revenue and earnings than ConnectOne Bancorp. ConnectOne Bancorp is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a summary of current ratings and recommmendations for ConnectOne Bancorp and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ConnectOne Bancorp 0 0 4 0 3.00
ConnectOne Bancorp Competitors 2098 8280 8378 324 2.36

ConnectOne Bancorp presently has a consensus target price of $29.38, indicating a potential upside of 8.80%. As a group, “Banks” companies have a potential downside of 22.25%. Given ConnectOne Bancorp’s stronger consensus rating and higher possible upside, research analysts plainly believe ConnectOne Bancorp is more favorable than its rivals.

Profitability

This table compares ConnectOne Bancorp and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
ConnectOne Bancorp 16.97% 9.72% 1.16%
ConnectOne Bancorp Competitors 18.84% 8.83% 0.94%

Summary

ConnectOne Bancorp beats its rivals on 8 of the 15 factors compared.

ConnectOne Bancorp Company Profile

ConnectOne Bancorp, Inc. is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Bank offers a range of deposit and loan products. In addition, to attract the business of consumer and business customers, it also provides an array of other banking services. Products and services provided include personal and business checking accounts, retirement accounts, money market accounts, time and savings accounts, credit cards, wire transfers, access to automated teller services, Internet banking, Treasury Direct, automated clearing house (ACH) origination, lockbox services and mobile banking by phone. In addition, it offers safe deposit boxes. The Bank also offers remote deposit capture banking for both retail and business customers. It offers a range of deposit and loan products and services to the general public and, in particular, to small and mid-sized businesses, local professionals and individuals.

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