ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Stock Has Average Price Target of $35.00

Shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) have been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $35.00.

A number of research firms recently issued reports on CNOB. Weiss Ratings restated a “buy (b)” rating on shares of ConnectOne Bancorp in a report on Monday, August 17th. Raymond James Financial reaffirmed a “market perform” rating on shares of ConnectOne Bancorp in a research note on Wednesday, July 1st.

Institutional Investors Weigh In On ConnectOne Bancorp

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new stake in ConnectOne Bancorp during the second quarter valued at approximately $29,505,000. Empowered Funds LLC purchased a new stake in ConnectOne Bancorp in the second quarter valued at about $6,926,000. Squarepoint Ops LLC grew its stake in shares of ConnectOne Bancorp by 36.4% during the second quarter. Squarepoint Ops LLC now owns 259,988 shares of the financial services provider’s stock worth $8,694,000 after acquiring an additional 69,386 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of ConnectOne Bancorp in the 2nd quarter valued at approximately $9,501,000. Finally, Jupiter Topco LLC acquired a new stake in ConnectOne Bancorp in the 2nd quarter worth approximately $681,000. 67.70% of the stock is currently owned by hedge funds and other institutional investors.

More ConnectOne Bancorp News

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

• Positive Sentiment: Third-quarter adjusted earnings were $0.95 per share, above the $0.85 consensus estimate and up from $0.70 a year earlier. The company also reported revenue of $127.23 million, slightly ahead of the $125.36 million consensus, alongside a 3.44% net interest margin and an operating return on tangible common equity above 15%. ConnectOne third-quarter 2026 results
• Positive Sentiment: ConnectOne completed a roughly $750 million multifamily loan sale, reducing rent-stabilized loan exposure to about 2% of assets and bringing commercial real estate concentration below regulatory thresholds. The transaction should lower credit risk and improve the balance sheet, although it may also affect future interest income. ConnectOne stock outlook after resolving rent-stabilized loans
• Positive Sentiment: Management projects fourth-quarter net interest margin of approximately 3.50%, above the third-quarter level. Loans and average client deposits both grew at an 11% sequential annualized rate, supporting expectations for continued operating momentum. ConnectOne fourth-quarter net interest margin outlook
• Neutral Sentiment: The board declared a quarterly dividend of $0.195 per share, or $0.78 annually, with payment scheduled for December 1 to shareholders of record on November 13. The dividend provides ongoing shareholder income, but was not increased. ConnectOne cash dividend announcement
• Negative Sentiment: Net income available to common shareholders fell to $29.9 million from $40.2 million in the prior quarter and $39.5 million a year earlier. The company also reported third-quarter charge-offs, adding a reminder that credit quality remains an investor concern despite the multifamily loan restructuring. ConnectOne third-quarter charge-offs

ConnectOne Bancorp Stock Performance

ConnectOne Bancorp stock opened at $32.69 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. ConnectOne Bancorp has a twelve month low of $23.20 and a twelve month high of $34.14. The company’s 50-day moving average price is $31.29 and its 200-day moving average price is $31.19. The company has a market cap of $1.64 billion, a PE ratio of 11.43 and a beta of 1.08.

ConnectOne Bancorp (NASDAQ:CNOB) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.10. ConnectOne Bancorp had a return on equity of 11.96% and a net margin of 18.97%. The company had revenue of $127.23 million for the quarter, compared to analyst estimates of $125.36 million. On average, equities research analysts forecast that ConnectOne Bancorp will post 3.35 EPS for the current fiscal year.

ConnectOne Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a $0.1950 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.4%. ConnectOne Bancorp’s payout ratio is currently 25.57%.

ConnectOne Bancorp Company Profile

ConnectOne Bancorp, Inc is the parent company of ConnectOne Bank, a full-service commercial bank headquartered in Englewood Cliffs, New Jersey. The bank primarily serves businesses, entrepreneurs, professionals, nonprofit organizations and individuals in the New York metropolitan area and surrounding communities.

ConnectOne Bank provides a range of commercial and personal banking products, including checking and savings accounts, certificates of deposit, commercial and industrial loans, commercial real estate financing, construction loans, residential mortgage loans and consumer lending.