Keefe, Bruyette & Woods Issues Positive Forecast for ConnectOne Bancorp (NASDAQ:CNOB) Stock Price

ConnectOne Bancorp (NASDAQ:CNOB) had its target price hoisted by Keefe, Bruyette & Woods from $30.00 to $32.00 in a research report released on Friday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Other analysts have also issued research reports about the company. Piper Sandler started coverage on ConnectOne Bancorp in a report on Friday, November 7th. They set an “overweight” rating and a $28.00 target price for the company. Hovde Group decreased their price objective on ConnectOne Bancorp from $32.50 to $32.00 and set an “outperform” rating for the company in a research note on Friday. Wall Street Zen downgraded ConnectOne Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ConnectOne Bancorp in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.67.

ConnectOne Bancorp Stock Down 3.6%

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

ConnectOne Bancorp (NASDAQ:CNOB) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $114.80 million. As a group, research analysts expect that ConnectOne Bancorp will post 2.23 earnings per share for the current fiscal year.

ConnectOne Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.7%. ConnectOne Bancorp’s payout ratio is presently 58.06%.

Institutional Trading of ConnectOne Bancorp

Institutional investors have recently bought and sold shares of the stock. EJF Capital LLC raised its holdings in shares of ConnectOne Bancorp by 2.6% in the second quarter. EJF Capital LLC now owns 29,148 shares of the financial services provider’s stock worth $675,000 after buying an additional 743 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of ConnectOne Bancorp by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,537 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 914 shares during the period. PNC Financial Services Group Inc. raised its stake in 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 acquiring an additional 956 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in ConnectOne Bancorp by 28.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,746 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in 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 worth $34,000 after acquiring an additional 1,079 shares during the period. 67.70% of the stock is currently owned by institutional investors and hedge funds.

ConnectOne Bancorp News Summary

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.