(CNOB) ConnectOne Bancorp - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 1.455m USD | Total Return: 35.2% in 12m
Avg Turnover: 9.18M
EPS Trend: 22.2%
Qual. Beats: 2
Rev. Trend: 91.3%
Qual. Beats: 0
Warnings
Share dilution 30.9% YoY
Tailwinds
Supp Ema20, Confidence
ConnectOne Bancorp, Inc. (CNOB) serves as the holding company for ConnectOne Bank, providing full-service commercial banking to small and mid-sized businesses, professionals, and individual clients. Headquartered in New Jersey, the institution offers a range of deposit products, treasury management, and digital banking solutions. Its lending portfolio is diversified across commercial and industrial loans, residential mortgages, and specialized real estate financing, including multifamily and cooperative properties.
As a regional bank, ConnectOne focuses on a relationship-based business model, often maintaining higher concentrations of commercial real estate loans compared to larger national diversified banks. The regional banking sector typically relies on the net interest margin-the difference between interest earned on loans and interest paid on deposits-as a primary driver of profitability. Investors may find additional insights on these valuation metrics by visiting ValueRay.
The company operates primarily in the New York and New Jersey metropolitan areas, utilizing a strategy that combines physical branch presence with mobile and internet platforms. Originally incorporated in 1982 as Center Bancorp, Inc., the firm rebranded in 2014 to reflect its current identity and expanded service offerings in the commercial sector.
- Net interest margin compression from rising funding costs and deposit competition
- Commercial real estate concentration increases credit risk exposure in local markets
- Loan portfolio growth driven by small and mid-sized business lending demand
- Operational efficiency improvements through digital banking and treasury management scaling
- Federal Reserve interest rate shifts impact yield spread and mortgage volumes
| Net Income: 98.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.07 > 1.0 |
| NWC/Revenue: 1.75k% < 20% (prev -1.43k%; Δ 3.18k% < -1%) |
| CFO/TA 0.01 > 3% & CFO 106.8m > Net Income 98.0m |
| Net Debt (-947.3m) to EBITDA (155.2m): -6.11 < 3 |
| Current Ratio: 421.5 > 1.5 & < 3 |
| Outstanding Shares: last quarter (50.4m) vs 12m ago 30.91% < -2% |
| Gross Margin: 51.39% > 18% (prev 0.48%; Δ 5.09k% > 0.5%) |
| Asset Turnover: 6.13% > 50% (prev 5.43%; Δ 0.69% > 0%) |
| Interest Coverage Ratio: 0.45 > 6 (EBITDA TTM 155.2m / Interest Expense TTM 308.2m) |
| A: 0.90 (Total Current Assets 12.9b - Total Current Liabilities 30.6m) / Total Assets 14.2b |
| B: 0.05 (Retained Earnings 701.2m / Total Assets 14.2b) |
| C: 0.01 (EBIT TTM 137.9m / Avg Total Assets 12.0b) |
| D: 0.12 (Book Value of Equity 1.52b / Total Liabilities 12.6b) |
| Altman-Z'' = 6.30 = AAA |
| DSRI: 180.0 (Receivables 11.6b/46.7m, Revenue 734.1m/530.4m) |
| GMI: 0.94 (GM 51.39% / 48.42%) |
| AQI: 0.10 (AQ_t 0.09 / AQ_t-1 0.92) |
| SGI: 1.38 (Revenue 734.1m / 530.4m) |
| TATA: -0.00 (NI 98.0m - CFO 106.8m) / TA 14.2b) |
| Beneish M = 144.0 (Cap -4..+1) = D |
As of May 24, 2026, the stock is trading at USD 29.77 with a total of 281,614 shares traded.
Over the past week, the price has changed by +2.83%,
over one month by +6.95%,
over three months by +11.66% and
over the past year by +35.19%.
ConnectOne Bancorp has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy CNOB.
- StrongBuy: 3
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 33.8 | 13.5% |
P/E Forward = 10.2145
P/S = 3.8461
P/B = 1.0203
P/EG = 1.83
Revenue TTM = 734.1m USD
EBIT TTM = 137.9m USD
EBITDA TTM = 155.2m USD
Long Term Debt = 227.5m USD (from longTermDebt, last quarter)
Short Term Debt = 30.6m USD (from shortTermDebt, last quarter)
Debt = 288.6m USD (corrected: LT Debt 227.5m + ST Debt 30.6m) + Leases 30.6m
Net Debt = -947.3m USD (calculated: Debt 288.6m - CCE 1.24b)
Enterprise Value = 508.1m USD (1.46b + Debt 288.6m - CCE 1.24b)
Interest Coverage Ratio = 0.45 (Ebit TTM 137.9m / Interest Expense TTM 308.2m)
EV/FCF = 4.54x (Enterprise Value 508.1m / FCF TTM 111.8m)
FCF Yield = 22.01% (FCF TTM 111.8m / Enterprise Value 508.1m)
FCF Margin = 15.24% (FCF TTM 111.8m / Revenue TTM 734.1m)
Net Margin = 13.35% (Net Income TTM 98.0m / Revenue TTM 734.1m)
Gross Margin = 51.39% ((Revenue TTM 734.1m - Cost of Revenue TTM 356.9m) / Revenue TTM)
Gross Margin QoQ = 56.78% (prev 56.55%)
Tobins Q-Ratio = 0.04 (Enterprise Value 508.1m / Total Assets 14.2b)
Interest Expense / Debt = 106.8% (Interest Expense 308.2m / Debt 288.6m)
Taxrate = 28.00% (14.7m / 52.5m)
NOPAT = 99.3m (EBIT 137.9m * (1 - 28.00%))
Current Ratio = 1.65 (Total Current Assets 12.9b / Total Current Liabilities 7.78b)
Debt / Equity = 0.18 (Debt 288.6m / totalStockholderEquity, last quarter 1.59b)
Debt / EBITDA = -6.11 (Net Debt -947.3m / EBITDA 155.2m)
Debt / FCF = -8.47 (Net Debt -947.3m / FCF TTM 111.8m)
Total Stockholder Equity = 1.55b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.82% (Net Income 98.0m / Total Assets 14.2b)
RoE = 6.32% (Net Income TTM 98.0m / Total Stockholder Equity 1.55b)
RoCE = 7.76% (EBIT 137.9m / Capital Employed (Equity 1.55b + L.T.Debt 227.5m))
RoIC = 0.71% (NOPAT 99.3m / Invested Capital 14.0b)
WACC = 7.83% (E(1.46b)/V(1.74b) * Re(9.38%) + (debt cost/tax rate unavailable))
Discount Rate = 9.38% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 55.21 | Cagr: 12.53%
[DCF] Terminal Value 77.97% ; FCFF base≈100.5m ; Y1≈115.2m ; Y5≈169.5m
[DCF] Fair Price = 69.56 (EV 2.55b - Net Debt -947.3m = Equity 3.50b / Shares 50.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 22.23 | EPS CAGR: 4.17% | SUE: 1.17 | # QB: 2
Revenue Correlation: 91.26 | Revenue CAGR: 14.72% | SUE: 0.84 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.82 | Chg30d=+5.96% | Revisions=+56% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.85 | Chg30d=+3.65% | Revisions=+56% | Analysts=5
EPS current Year (2026-12-31): EPS=3.29 | Chg30d=+3.65% | Revisions=+56% | GrowthEPS=+27.0% | GrowthRev=+29.0%
EPS next Year (2027-12-31): EPS=3.67 | Chg30d=+3.38% | Revisions=+56% | GrowthEPS=+11.5% | GrowthRev=+7.9%
[Analyst] Revisions Ratio: +56%