ConnectOne Bancorp (NASDAQ:CNOB) Price Target Cut to $32.00 by Analysts at Hovde Group

ConnectOne Bancorp (NASDAQ:CNOB) had its target price decreased by analysts at Hovde Group from $32.50 to $32.00 in a report issued on Friday. The firm presently has an “outperform” rating on the financial services provider’s stock. Hovde Group’s target price points to a potential upside of 15.90% from the stock’s previous close.

A number of other equities analysts have also commented on CNOB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ConnectOne Bancorp in a research note on Wednesday, January 21st. Wall Street Zen cut ConnectOne Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Piper Sandler initiated coverage on ConnectOne Bancorp in a research report on Friday, November 7th. They set an “overweight” rating and a $28.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

ConnectOne Bancorp Trading Down 0.9%

Shares of NASDAQ CNOB opened at $27.61 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.73. ConnectOne Bancorp has a 12 month low of $20.61 and a 12 month high of $29.28. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 22.27 and a beta of 1.13. The business has a fifty day simple moving average of $26.74 and a 200-day simple moving average of $25.32.

ConnectOne Bancorp (NASDAQ:CNOB) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.09. ConnectOne Bancorp had a return on equity of 8.22% and a net margin of 9.90%.The firm had revenue of $114.63 million for the quarter, compared to the consensus estimate of $114.80 million. Sell-side analysts predict that ConnectOne Bancorp will post 2.23 EPS for the current year.

Institutional Trading of ConnectOne Bancorp

A number of institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in shares of ConnectOne Bancorp by 76.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,882,584 shares of the financial services provider’s stock valued at $71,517,000 after purchasing an additional 1,252,614 shares in the last quarter. Kennedy Capital Management LLC bought a new position in ConnectOne Bancorp during the third quarter valued at about $18,974,000. Algebris UK Ltd. acquired a new stake in shares of ConnectOne Bancorp in the third quarter worth about $15,379,000. UBS Group AG boosted its stake in shares of ConnectOne Bancorp by 579.2% during the 4th quarter. UBS Group AG now owns 705,119 shares of the financial services provider’s stock worth $18,488,000 after acquiring an additional 601,310 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of ConnectOne Bancorp during the 4th quarter valued at about $15,712,000. 67.70% of the stock is currently owned by institutional investors and hedge funds.

More ConnectOne Bancorp News

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

• Positive Sentiment: Q4 earnings beat consensus — GAAP EPS of $0.83 topped estimates (~$0.74) and improved vs. a year ago, supporting profitability metrics that will matter to investors. ConnectOne Bancorp (CNOB) Q4 Earnings Surpass Estimates
• Positive Sentiment: Dividend declared — Company announced a quarterly common dividend of $0.18/share (record Feb 13, payable Mar 2), yielding ~2.6% annualized, which supports income-focused investors. ConnectOne Bancorp, Inc. Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: NIM expansion & 2026 outlook — Net interest margin widened ~16 bps in the quarter and management outlined expectations for additional NIM growth in 2026, a key driver for future net interest income. ConnectOne outlines 2026 NIM growth and branch consolidation plans amid $14B asset milestone
• Positive Sentiment: Balance-sheet growth milestone — Management highlighted reaching roughly $14B in assets, signaling scale expansion that can support fee & interest income. ConnectOne outlines 2026 NIM growth and branch consolidation plans amid $14B asset milestone
• Neutral Sentiment: Revenue roughly flat — Total revenue of $114.63M was essentially in line with analysts’ ~$114.8M consensus, so top-line growth didn’t strongly accelerate this quarter. Press Release — ConnectOne Q4/FY2025 Results
• Neutral Sentiment: Branch rationalization announced — Management plans to close 5 branches as part of consolidation/cost optimization; this can lift efficiency over time but brings short-term execution risk. ConnectOne Bancorp, Inc. Reports Fourth Quarter and Full-Year 2025 Results
• Neutral Sentiment: Management commentary available — Earnings call/transcripts provide more color on credit trends (reported as solid) and strategy; investors will watch guidance and execution details. ConnectOne (CNOB) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Net income slightly down sequentially — Net income to common was $38.0M in Q4 vs. $39.5M in Q3, a modest sequential decline investors may note despite the year-over-year improvement. ConnectOne Bancorp, Inc. Reports Fourth Quarter and Full-Year 2025 Results
• Neutral Sentiment: Short interest note — Data reported an anomalous/zero short-interest reading for late Jan; this appears immaterial or data-driven rather than a market signal.

About ConnectOne Bancorp

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.