ConnectOne Bancorp (NASDAQ:CNOB) Azioni

ConnectOne Bancorp

ConnectOne Bancorp Inc is a community-based, full-service New Jersey-chartered commercial bank. Substantially all loans are secured with various types of collateral, including business assets, consumer assets and commercial/residential real estate. Each borrower's ability to repay its loans is dependent on the conversion of assets, cash flows generated from the borrowers' business, real estate rental and consumer wages.

ConnectOne Bancorp Inc

ROCKY SHORE GOLD LTD by ROCKY SHORE GOLD LTD.

Rocky Shore Gold Ltd

ConnectOne Bancorp, Inc. - Depositary Shares (each representing a 1/40th interest in a share of 5.25% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.00 per share)

ConnectOne Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) shares are trading higher on Wednesday.
Keefe, Bruyette &amp; Woods analyst Tim Switzer upgraded the stock on Tuesday from Market Perform to Outperform and raised the <a href="https://www.benzinga.com/quote/CNOB/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $31 to $32</a>.
The analyst notes that the shares are trading at a notable discount to both peers and their historical medians, even though the company&#8217;s key metrics generally rank in the top quartile among SMID-cap banks. The bullish stance also reflects several potential catalysts this year that could drive the stock higher.
Switzer notes the key positives, including the accretion from the merger closure with The First of Long Island Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLIC#NASDAQ">FLIC</a>), organic net interest margin (NIM) expansion, improvement in CRE credit concerns, and benefits from additional Fed rate cuts.
CNOB ranks in the top decile of banks for PPNR/share and EPS growth through 2026 while generating an ROTCE above the peer median, adds the analyst.
The analyst notes that, during a meeting at KBW&#8217;s Financial Services Conference in February, the company&#8217;s management shared that the initial integration efforts for FLIC were progressing smoothly, expressing confidence in meeting or surpassing all initial targets.
Switzer expects CNOB to achieve CAGRs of +32% for PPNR/share and +33% for EPS from 2024 to 2026, both in the top decile of peers over that period.
Price Action: CNOB shares are up 3.41% at $24.54 at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44497357/whats-going-on-with-broadcom-shares-on-wednesday" target="_blank" rel="noreferrer noopener">Broadcom Supercharges VMware vDefend: New Tools Elevate Zero Trust Defense</a></li>
</ul>
Photo via Shutterstock.

Analyst Color

Equities

Upgrades

Price Target

Small Cap

Analyst Ratings

Trading Ideas

CNOB

FLIC

ConnectOne Bancorp Shares Are Rarely This Cheap, Analyst Upgrades Stock And Price Forecast

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Baird analyst Catherine Ramsey upgraded the rating for Waters Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAT#NYSE">WAT</a>) from Neutral to Outperform and raised the price target from $396 to $407. Waters shares closed at $368.53 on Tuesday. <a href="https://www.benzinga.com/quote/wat/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods analyst Timothy Switzer upgraded ConnectOne Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) from Market Perform to Outperform and raised the price target from $31 to $32. ConnectOne Bancorp shares closed at $23.73 on Tuesday. <a href="https://www.benzinga.com/quote/CNOB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Devin McDermott upgraded the rating for Range Resources Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) from Underweight to Equal-Weight and increased the price target from $40 to $49. Range Resources shares closed at $40.14 on Tuesday. <a href="https://www.benzinga.com/quote/rrc/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst James Faucette upgraded Global-E Online Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>) from Equal-Weight to Overweight but lowered the price target from $55 to $46. Global E Online shares closed at $38.26 on Tuesday. <a href="https://www.benzinga.com/quote/GLBE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Jeffrey Zekauskas upgraded Ashland Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASH#NYSE">ASH</a>) from Neutral to Overweight and raised the price target from&nbsp;$68&nbsp;to&nbsp;$71. Ashland shares closed at $56.93 on Monday. &nbsp;<a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Image: Shutterstock

News

Pre-Market Outlook

Markets

AKYA

GLBE

This Waters Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Keefe, Bruyette &amp; Woods analyst Timothy Switzer upgrades ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) from Market Perform to Outperform and raises the price target from $31 to $32.

Keefe, Bruyette & Woods Upgrades ConnectOne Bancorp to Outperform, Raises Price Target to $32

ConnectOne And First Of Long Island Shareholders Approves Merger With Expected Closing In Q2 2025; Terms Not Disclosed

ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.43 by 20.93 percent. This is a 6.12 percent increase over earnings of $0.49 per share from the same period last year. The company reported quarterly sales of $64.71 million which beat the analyst consensus estimate of $63.93 million by 1.22 percent. This is a 4.67 percent increase over sales of $61.82 million the same period last year.

Earnings

Earnings Beats

ConnectOne Bancorp Q4 Adj EPS $0.52 Beats $0.43 Estimate, Sales $64.71M Beat $63.93M Estimate

AAPL

ABCB

ALGM

APPF

Adtalem Global Education Inc. Common Stock

ATGE

BAFN

BBVA

BHLB

BOOT

CACC

CHKP

CIVB

CMCSA

COUR

CSWI

CVCO

DECK

FBIZ

FCFS

FFWM

FINW

FISI

FLWS

FRME

GSIT

INTC

KLAC

KRNY

LPLA

MBLY

MBUU

NTCT

ONEW

PFSI

REAL

SCSC

SHEL

SILC

SIRI

SKYW

STBA

STEL

Earnings Scheduled For January 30, 2025

Shares of Logility Supply Chain Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGTY#NASDAQ">LGTY</a>) rose sharply in today's pre-market trading after Aptean announced an agreement to acquire Logility in a $14.30-per-share <a href="https://www.benzinga.com/quote/LGTY">all-cash deal</a>.
Logility Supply Chain Solutions shares jumped 23.2% to $13.95 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>HWH International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) gained 80.5% to $0.5194 in pre-market trading. On Jan. 23, HWH International received a notice from the Nasdaq Stock Market, informing the company that it has demonstrated compliance with Nasdaq&#8217;s Listing Rule 5550(b)(1).</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) gained 65.2% to $2.23 in pre-market trading after the company expanded collaboration with Microsoft to advance AI-Powered PredicTcell Technology on Azure.</li>
<li>Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) rose 30.3% to $0.6151 in pre-market trading.</li>
<li>Innate Pharma S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPHA#NASDAQ">IPHA</a>) gained 18.5% to $2.04 in pre-market trading. Innate Pharma dosed first patient in Phase 1 study of IPH4502, a targeted ADC for difficult-to-treat advanced solid tumors.</li>
<li>Pixelworks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) gained 14.5% to $1.010 in pre-market trading.</li>
<li>Asset Entities Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) rose 14.2% to $1.28 in pre-market trading after gaining more than 5% on Friday.</li>
<li>Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) gained 12.2% to $0.4946 in pre-market trading after the company reported FY24 revenue of $1.09 million up from $366K in the year-ago period.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) rose 11.2% to $12.00 in pre-market trading after jumping 13% on Friday.</li>
<li>ConnectOne Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) gained 7.6% to $24.99 in pre-market trading. ConnectOne Bancorp will release results for the fourth quarter, before the opening bell on Thursday, Jan. 30.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>MiMedx Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDXG#NASDAQ">MDXG</a>) shares fell 42% to $5.10 in pre-market trading.</li>
<li>The Marygold Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGLD#NASDAQ">MGLD</a>) shares fell 27.4% to $1.14 in pre-market trading. Marygold Companies priced its $2.25 million public offering of 2,050,000 common stock at $1.10 per share.</li>
<li>Aclarion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACON#NASDAQ">ACON</a>) shares tumbled 27.1% to $0.0400 in pre-market trading after jumping more than 27% on Friday. Aclarion recently announced a $14.4 million public offering of common stock and warrants.</li>
<li>MBX Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBX#NASDAQ">MBX</a>) dipped 25.3% to $8.03 in pre-market trading after falling 8% on Friday.</li>
<li>Allurion Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALUR#NYSE">ALUR</a>) declined 19.9% to $6.96 in pre-market trading. Allurion Technologies shares jumped 135% on Friday after the company announced its intention to initiate a clinical study combining its Allurion program with GLP-1 agonists to improve muscle mass and overall body composition.</li>
<li>Dogwood Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DWTX#NASDAQ">DWTX</a>) fell 19.3% to $9.20 in today's pre-market trading after dipping around 15% on Friday.</li>
<li>HealthStream, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) shares dipped 16.1% to $27.01 in pre-market trading.</li>
<li>ArriVent BioPharma, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVBP#NASDAQ">AVBP</a>) fell 14.1% to $23.47 in pre-market trading. ArriVent BioPharma, last week, entered into exclusive license with Lepu Biopharma for MRG007, an antibody drug conjugate for treatment of gastrointestinal cancers.</li>
<li>Richmond Mutual Bancorporation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBI#NASDAQ">RMBI</a>) fell 12.6% to $12.00 in pre-market trading. Richmond Mutual Bancorp, last week, posted fourth-quarter earnings of 25 cents per share, up from 19 cents per share in the year-ago period.</li>
<li>Vincerx Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINC#NASDAQ">VINC</a>) fell 10.6% to $0.0930 in pre-market trading. Vincerx Pharma filed for mixed shelf offering of up to $100 million.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/01/43189390/top-3-materials-stocks-that-may-fall-off-a-cliff-in-january">Top 3 Materials Stocks That May Fall Off A Cliff In January</a></li>
</ul>

Movers

ACON

ALUR

ASST

AVBP

DWTX

HSTM

IPHA

LGTY

MDXG

The Marygold Companies, Inc. Common Stock

MGLD

MULN

ONCO

PXLW

RMBI

TVGN

VINC

Why Logility Supply Chain Solutions Shares Are Trading Higher By Over 23%; Here Are 20 Stocks Moving Premarket

Keefe, Bruyette &amp; Woods analyst Timothy Switzer maintains ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) with a Market Perform and raises the price target from $28 to $31.

Keefe, Bruyette & Woods Maintains Market Perform on ConnectOne Bancorp, Raises Price Target to $31

WIIM

ACNB

AMAL

AMTB

AROW

BANF

BANR

BCAL

BFST

BHRB

BMRC

BOKF

BPOP

BRKL

BSRR

BSVN

BUSE

CARE

CASH

CATY

CBAN

CBNK

CBSH

CCBG

CCNE

CFFN

CHCO

CLBK

COFS

CTBI

CUBI

CVBF

CZFS

DCOM

EBTC

EFSC

EGBN

EQBK

EWBC

FBMS

FBNC

FCBC

FCNCA

FFBC

FFIC

FFIN

FIBK

FMAO

FMBH

FMNB

FNLC

FRBA

FRST

FSBC

GABC

GBCI

GCBC

GNTY

GSBC

HAFC

HBCP

HBNC

HFBL

HFWA

HIFS

HMST

HOMB

HONE

HOPE

HTBI

HTBK

HTLF

Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) reported quarterly earnings of $0.41 per share which missed the analyst consensus estimate of $0.44 by 6.82 percent. This is a 19.61 percent decrease over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $60.887 million which missed the analyst consensus estimate of $63.547 million by 4.19 percent. This is a 2.36 percent decrease over sales of $62.357 million the same period last year.

Earnings Misses

ConnectOne Bancorp Q3 2024 GAAP EPS $0.41 Misses $0.44 Estimate, Sales $60.887M Miss $63.547M Estimate

ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) will release its quarterly earnings report on Thursday, 2024-10-24. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate ConnectOne Bancorp to report an earnings per share (EPS) of $0.45.
The announcement from ConnectOne Bancorp is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings Track Record</h3>
Last quarter the company beat EPS by $0.05, which was followed by a 2.26% increase in the share price the next day.
Here's a look at ConnectOne Bancorp's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.41</td>
<td>0.42</td>
<td>0.45</td>
<td>0.50</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.46</td>
<td>0.41</td>
<td>0.50</td>
<td>0.51</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>-1.0%</td>
<td>-2.0%</td>
<td>-6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729717302_0.png" alt="eps graph" />
<h3>Tracking ConnectOne Bancorp's Stock Performance</h3>
Shares of ConnectOne Bancorp were trading at $25.61 as of October 22. Over the last 52-week period, shares are up 52.35%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/CNOB/earnings">To track all earnings releases for ConnectOne Bancorp visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: ConnectOne Bancorp's Earnings

<ul>
<li>Under the terms of the agreement, First of Long Island shareholders will receive 0.5175 shares of ConnectOne common stock for each share of First of Long Island common stock.</li>
<li>The combined company will operate under the ConnectOne brand, and will have approximately $14B in total assets, $11B in total deposits, and $11B in total loans.</li>
</ul>

General

ConnectOne Bancorp Has Agreed To Merge With First Of Long Island Corporation In Transaction Valued At Approximately $284M, Or Approximately $12.40 Per First Of Long Island Share

Piper Sandler analyst Frank Schiraldi maintains ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) with a Overweight and raises the price target from $22 to $25.

Piper Sandler Maintains Overweight on ConnectOne Bancorp, Raises Price Target to $25

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) with a Market Perform and raises the price target from $22 to $26.

Reiteration

Keefe, Bruyette & Woods Reiterates Market Perform on ConnectOne Bancorp, Raises Price Target to $26

ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.41 by 12.2 percent. The company reported quarterly sales of $61.439 million which missed the analyst consensus estimate of $61.470 million by 0.05 percent. This is a 3.77 percent decrease over sales of $63.843 million the same period last year.

ConnectOne Bancorp Q2 2024 GAAP EPS $0.46 Beats $0.41 Estimate, Sales $61.439M Miss $61.470M Estimate

Keefe, Bruyette &amp; Woods analyst Timothy Switzer downgrades ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) from Outperform to Market Perform and lowers the price target from $24 to $22.

Downgrades

Keefe, Bruyette & Woods Downgrades ConnectOne Bancorp to Market Perform, Lowers Price Target to $22

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) with a Outperform and lowers the price target from $27 to $24.

Keefe, Bruyette & Woods Reiterates Outperform on ConnectOne Bancorp, Lowers Price Target to $24

ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) reported quarterly earnings of $0.41 per share which missed the analyst consensus estimate of $0.42 by 2.38 percent. This is a 30.51 percent decrease over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $60.300 million which missed the analyst consensus estimate of $61.598 million by 2.11 percent. This is a 10.11 percent decrease over sales of $67.084 million the same period last year.

ConnectOne Bancorp Q1 2024 GAAP EPS $0.41 Misses $0.42 Estimate, Sales $60.300M Miss $61.598M Estimate

ACRE

APAM

BANC

BCBP

BXMT

CATC

FULT

Shares of banking and financial services stocks are trading lower as stocks fall following a greater-than-expected increase in January inflation data.

Comments

ConnectOne Bancorp

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO