In last trading session, ConnectOne Bancorp Inc (NASDAQ:CNOB) saw 0.85 million shares changing hands with its beta currently measuring 1.10. Company’s recent per share price level of $23.4 trading at $0.26 or 1.12% at ring of the bell on the day assigns it a market valuation of $1.17B. That closing price of CNOB’s stock is at a discount of -25.26% from its 52-week high price of $29.31 and is indicating a premium of 24.53% from its 52-week low price of $17.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.36 million shares which gives us an average trading volume of 236.76K if we extend that period to 3-months.
For ConnectOne Bancorp Inc (CNOB), analysts’ consensus is at an average recommendation of Strong Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
ConnectOne Bancorp Inc (NASDAQ:CNOB) trade information
Upright in the green during last session for gaining 1.12%, in the last five days CNOB remained trading in the green while hitting it’s week-highest on Friday, 06/27/25 when the stock touched $23.4 price level, adding 0.13% to its value on the day. ConnectOne Bancorp Inc’s shares saw a change of 33.71% in year-to-date performance and have moved 6.41% in past 5-day. ConnectOne Bancorp Inc (NASDAQ:CNOB) showed a performance of 2.45% in past 30-days. Number of shares sold short was 0.83 million shares which calculate 3.4 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 26 to the stock, which implies a rise of 10.0% to its current value. Analysts have been projecting 25 as a low price target for the stock while placing it at a high target of 32. It follows that stock’s current price would drop -6.84% in reaching the projected high whereas dropping to the targeted low would mean a loss of -6.84% for stock’s current value.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -3.25% during past 5 years.
CNOB Dividends
ConnectOne Bancorp Inc is more likely to be releasing its next quarterly report on 2025-Apr-24 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 3.08%, the share has a forward dividend of 0.72 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.52%.
ConnectOne Bancorp Inc (NASDAQ:CNOB)’s Major holders
Insiders are in possession of 5.19% of company’s total shares while institution are holding 56.92 percent of that, with stock having share float percentage of 60.03%. Investors also watch the number of corporate investors in a company very closely, which is 56.92% institutions for ConnectOne Bancorp Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CNOB for having 4.28 million shares of worth $80.88 million. And as of 2024-06-30, it was holding 11.1734 of the company’s outstanding shares.
The second largest institutional holder is FMR LLC, which was holding about 3.45 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.9933 of outstanding shares, having a total worth of $65.1 million.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 1.2 shares of worth $28.0 million or 3.11% of the total outstanding shares. The later fund manager was in possession of 888.3 shares on Apr 30, 2025 , making its stake of worth around $20.79 million in the company or a holder of 2.31% of company’s stock.
