ConnectOne Bancorp

CNOB · NASDAQ

$30.95+$0.77 (+2.55%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $30.18

CNOB analyst rating

BuyConsensus of 5 analysts over the last 12 months. 80% rate it a buy.

Strong buy0
Buy4
Hold1
Underperform0
Sell0

12-month price target · 6 analysts

Average $36.72 (+18.6% upside)

Low: $34.34
Now: $30.95
High: $39.90

Upgrades and downgrades

The latest rating actions, newest first

CNOB analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Raymond James	Jul 1, 2026	Downgrade	Strong Buy → Market Perform	—	54%
Piper Sandler	Jun 26, 2026	Maintains	Overweight	$34.00 → $38.00	68%
Keefe, Bruyette & Woods	Apr 24, 2026	Maintains	Outperform	$32.00 → $34.00	33%
Piper Sandler	Mar 16, 2026	Initiates	Overweight	$33.00 → $31.00	68%
Keefe, Bruyette & Woods	Jan 30, 2026	Maintains	Outperform	$30.00 → $32.00	68%
Piper Sandler	Nov 7, 2025	Initiates	Overweight	$28.00	74%

The case for and against

Updated Jan 11, 2025

Bull case

ConnectOne Bancorp Inc demonstrates a positive financial outlook, evidenced by a 0.8% quarter-over-quarter growth in tangible book value per share to $23.45 and a strengthened CET1 capital ratio of 10.9%. The company achieved an increase in net interest margin to 2.72%, driven by sequential margin expansion, with management projecting further improvement in net interest margin should the Federal Reserve cut rates. Additionally, ConnectOne's strong TCE ratio of 9.5% compared to peers supports its ability for ongoing capital deployment, including dividend increases and share repurchases, which could enhance shareholder value moving forward.

Bear case

ConnectOne Bancorp faces several fundamental challenges that contribute to a negative outlook on its stock, particularly within the current banking environment. The bank has experienced a notable 7% decline in end-of-period loans, alongside pressures on net interest income that have adversely impacted earnings per share estimates throughout the year, particularly after the March banking crisis. Additionally, the bank's significant investments in advanced technology may introduce downward pressure on returns, exacerbating concerns linked to a slowdown in loan growth and negative credit trends in its key operating regions.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.