CNOB Stock Analysis: ConnectOne Bancorp | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 1.570m USD | 12M Return: 26.9% | US20786W1071 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.4M
EPS Trend: 63.0%
Qual. Beats: 0
Rev. Trend: 86.4%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ConnectOne Bancorp, Inc. (NASDAQ: CNOB) is a bank holding company that operates ConnectOne Bank, a commercial bank serving small and mid-sized businesses, local professionals, and individuals across the United States. The company provides a full suite of retail and commercial banking products, including checking, savings, money market, and time deposit accounts, along with credit cards, wire transfers, safe deposit boxes, and digital and mobile banking services. Its treasury management offerings for businesses include ACH origination, remote deposit capture, and digital invoicing, supporting a relationship-based commercial banking model typical of U.S. regional banks.
On the lending side, ConnectOne originates consumer and commercial loans such as lines of credit, commercial and residential mortgages, home equity and bridge loans, and personal loans, with commercial credit generally secured by business assets, real estate, or marketable securities. Its real estate loan portfolio focuses on first-lien loans on completed commercial and multifamily properties, as well as 1-4 family residential and cooperative properties. The company was incorporated in 1982, is headquartered in Englewood Cliffs, New Jersey, and adopted its current name in July 2014 after operating as Center Bancorp, Inc. As a regional bank, CNOB competes primarily in the deposit-rich, business-lending segments of its footprint, where local market knowledge and relationship banking are key competitive differentiators.
- Net interest margin compresses as deposit costs outpace asset repricing
- Commercial real estate loan concentration raises regulatory scrutiny
- Loan growth accelerates through acquisitions and organic expansion in metro markets
| Net Income: 160.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.64 > 1.0 |
| NWC/Revenue: 203.7% < 20% (prev -1.96k%; Δ 2.16k% < -1%) |
| CFO/TA 0.01 > 3% & CFO 134.8m > Net Income 160.0m |
| Net Debt (-950.3m) to EBITDA (120.7m): -7.87 < 3 |
| Current Ratio: 38.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (50.4m) vs 12m ago 19.54% < -2% |
| Gross Margin: 45.32% > 18% (prev 44.20%; Δ 1.12% > 0.5%) |
| Asset Turnover: 4.32% > 50% (prev 3.93%; Δ 0.39% > 0%) |
| Interest Coverage Ratio: 0.35 > 6 (EBIT TTM 110.6m / Interest Expense TTM 320.3m) |
| A: 0.09 (Total Current Assets 1.28b - Total Current Liabilities 32.9m) / Total Assets 14.4b |
| B: 0.05 (Retained Earnings 731.5m / Total Assets 14.4b) |
| C: 0.01 (EBIT TTM 110.6m / Avg Total Assets 14.2b) |
| D: 0.13 (Book Value of Equity 1.63b / Total Liabilities 12.8b) |
| Altman-Z'' = 0.92 = BB |
| DSRI: 0.90 (Receivables 61.6m/61.0m, Revenue 612.3m/547.2m) |
| GMI: 0.98 (GM 44.20% / 45.32%) |
| AQI: 1.01 (AQ_t 0.91 / AQ_t-1 0.90) |
| SGI: 1.12 (Revenue 612.3m / 547.2m) |
| TATA: 0.00 (NI 160.0m - CFO 134.8m) / TA 14.4b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of September 27, 2026, the stock is trading at USD 31.06 with a total of 346,434 shares traded. Over the past week, the price has changed by -1.68%, over one month by -3.00%, over three months by -6.15% and over the past year by +26.86%.
Current recommended Stop Loss: 30.30 (which is 2.4% or 1.3 ATR below the current price).
ConnectOne Bancorp has received a consensus analysts rating of 4.60. Therefore, it is recommended to buy CNOB.
- StrongBuy: 3
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 36.8 | 18.3% |
P/E Trailing = 9.6894
P/E Forward = 10.2145
P/S = 3.5416
P/B = 1.0468
P/EG = 1.83
Revenue TTM = 612.3m USD
EBIT TTM = 110.6m USD
EBITDA TTM = 120.7m USD
Long Term Debt = 202.7m USD (from longTermDebt, last quarter)
Short Term Debt = 32.9m USD (from shortTermDebt, last quarter)
Debt = 268.5m USD (corrected: LT Debt 202.7m + ST Debt 32.9m) + Leases 32.9m
Net Debt = -950.3m USD (calculated: Debt 268.5m - CCE 1.22b)
Enterprise Value = 619.7m USD (1.57b + Debt 268.5m - CCE 1.22b)
Interest Coverage Ratio = 0.35 (Ebit TTM 110.6m / Interest Expense TTM 320.3m)
EV/FCF = 4.81x (Enterprise Value 619.7m / FCF TTM 128.7m)
FCF Yield = 20.77% (FCF TTM 128.7m / Enterprise Value 619.7m)
FCF Margin = 21.02% (FCF TTM 128.7m / Revenue TTM 612.3m)
Net Margin = 26.13% (Net Income TTM 160.0m / Revenue TTM 612.3m)
Gross Margin = 45.32% ((Revenue TTM 612.3m - Cost of Revenue TTM 334.8m) / Revenue TTM)
Gross Margin QoQ = -174.6% (prev 56.78%)
Tobins Q-Ratio = 0.04 (Enterprise Value 619.7m / Total Assets 14.4b)
Interest Expense / Debt = 119.3% (Interest Expense 320.3m / Debt 268.5m)
Taxrate = 27.61% (61.0m / 221.0m)
NOPAT = 80.1m (EBIT 110.6m * (1 - 27.61%))
Current Ratio = 38.88 (Total Current Assets 1.28b / Total Current Liabilities 32.9m)
Debt / Equity = 0.17 (Debt 268.5m / totalStockholderEquity, last quarter 1.63b)
Debt / EBITDA = -7.87 (Net Debt -950.3m / EBITDA 120.7m)
Debt / FCF = -7.38 (Net Debt -950.3m / FCF TTM 128.7m)
Total Stockholder Equity = 1.58b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.13% (Net Income 160.0m / Total Assets 14.4b)
RoE = 10.11% (Net Income TTM 160.0m / Total Stockholder Equity 1.58b)
RoCE = 6.20% (EBIT 110.6m / Capital Employed (Equity 1.58b + L.T.Debt 202.7m))
RoIC = 0.56% (NOPAT 80.1m / Invested Capital 14.4b)
WACC = 7.53% (E(1.57b)/V(1.84b) * Re(8.82%) + (debt cost/tax rate unavailable))
Discount Rate = 8.82% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.26 | Cagr: 12.71%
[DCF] Terminal Value 77.97% ; FCFF base≈91.4m ; Y1≈104.7m ; Y5≈154.2m
[DCF] Fair Price = 64.98 (EV 2.32b - Net Debt -950.3m = Equity 3.27b / Shares 50.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 63.03 | EPS CAGR: 14.53% | SUE: 0.20 | # QB: 0
Revenue Correlation: 86.41 | Revenue CAGR: 12.80% | SUE: -1.08 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.86 | Chg30d=+0.47% | Revisions=+29% | Analysts=5
EPS current Year (2026-12-31): EPS=3.28 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+26.6% | GrowthRev=+29.5%
EPS next Year (2027-12-31): EPS=3.67 | Chg30d=+0.66% | Revisions=+0% | GrowthEPS=+11.8% | GrowthRev=+8.1%
[Analyst] Revisions Ratio: +13% (up=7, down=5)