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ConnectOne Bancorp, Inc. (CNOB)

Stock Price: $16.49 USD -0.16 (-0.96%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 655.52M
Revenue (ttm) 190.24M
Net Income (ttm) 63.34M
Shares Out 39.75M
EPS (ttm) 1.68
PE Ratio 9.82
Forward PE n/a
Dividend $0.36
Dividend Yield 2.18%

Stock Quote

Trading Day Oct 23, 2020
Last Price $16.49
Previous Close $16.65
Change ($) -0.16
Change (%) -0.96%
Day's Open 16.78
Day's Range 16.41 - 17.03
Day's Volume 99,316
52-Week Range 8.86 - 26.50

More Stats

Market Cap 655.52M
Enterprise Value 1.20B
Earnings Date (est) Oct 29, 2020
Ex-Dividend Date Aug 14, 2020
Shares Outstanding 39.75M
Float 34.74M
EPS (basic) 1.72
EPS (diluted) 1.68
FCF / Share 2.50
Dividend $0.36
Dividend Yield 2.18%
Earnings Yield 10.19%
FCF Yield 15.14%
Payout Ratio 20.90%
Shares Short 450,222
Short Ratio 3.29
Short % of Float 1.30%
Beta 1.29
PE Ratio 9.82
Forward PE n/a
P/FCF Ratio 6.60
PS Ratio 3.45
PB Ratio 0.76
Revenue 190.24M
Operating Income 79.54M
Net Income 63.34M
Free Cash Flow 99.27M
Net Cash -547.83M
Net Cash / Share -13.78
Gross Margin 97.91%
Operating Margin 41.81%
Profit Margin 33.30%
FCF Margin 52.18%
ROA 0.92%
ROE 8.09%
ROIC 1.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (0)

Buy 0
Overweight 0
Hold 0
Underweight 0
Sell 0

Analyst Consensus: n/a

Price Target

$21.00*
(27.35% upside)
Low
19.5
Current: $16.49
High
22.5
Target: 21.00
*Average 12-month price target from 3 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue18614214710111682.2152.6950.3844.7831.33
Revenue Growth31.55%-3.86%45.29%-12.41%40.76%56.04%4.58%12.51%42.95%-
Gross Profit18614214710111682.2152.6950.3844.7831.33
Operating Income95.0771.1368.5142.8663.6331.9627.4125.1821.347.23
Net Income73.4060.3543.2231.0841.3118.5719.9317.5113.937.00
Shares Outstanding35.3732.2432.0230.2729.9423.0316.3516.3416.3015.03
Earnings Per Share2.071.861.341.011.360.791.211.050.800.43
EPS Growth11.29%38.81%32.67%-25.74%72.15%-34.71%15.24%31.25%86.05%-
Dividend Per Share0.350.300.300.300.300.300.260.170.120.12
Dividend Growth15%0%0%0%0%15.38%52.94%41.67%0%-
Operating Cash Flow60.6989.0613149.7146.2325.1923.1521.0718.0817.65
Capital Expenditures-1.51-0.42-2.65-2.26-3.88-1.99-0.97-0.84-0.32-0.30
Free Cash Flow59.1888.6412847.4642.3523.2022.1820.2217.7717.35
Cash & Equivalents20117215020020112782.6910611137.50
Total Debt646729725531726501151151166218
Net Cash / Debt-444-556-575-330-525-374-68.46-45.02-55.05-181
Assets6,1745,4625,1084,4264,0163,4491,6731,6301,4331,207
Liabilities5,4434,8484,5433,8953,5393,0021,5041,4691,2971,086
Book Value731614565531477446169161136121
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name ConnectOne Bancorp, Inc.
Country United States
CEO Frank S. Sorrentino

Stock Information

Ticker Symbol CNOB
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: CNOB
IPO Date June 24, 1996

Description

ConnectOne Bancorp operates as the bank holding company for ConnectOne Bank, a state chartered bank that provides various commercial banking products and services. The company offers a range of deposit products, including personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts. It also provides personal and commercial business loans on a secured and unsecured basis; revolving lines of credit; commercial mortgage loans; residential mortgages on primary and secondary residences; home equity loans; bridge loans; and other personal purpose loans. In addition, the company offers insurance and annuities, credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, ACH origination, mobile banking by phone, safe deposit box, and remote deposit capture services. It operates through 16 banking offices in Bergen County, 5 banking offices in Union County, 2 banking offices in Morris County, 1 office in Newark in Essex County, 1 office in West New York in Hudson County, 1 office in Princeton in Mercer County, one office in Holmdel in Monmouth County, 1 office in the borough of Manhattan in New York City, 1 office in Melville, Nassau County, and 1 office in Astoria, Queens, as well as 7 branches in the Hudson Valley. ConnectOne Bancorp, Inc. serves small-to-medium sized businesses, high net worth individuals, professional practices, and consumer and retail customers. The company was formerly known as Center Bancorp, Inc. and changed its name to ConnectOne Bancorp, Inc. in July 2014. ConnectOne Bancorp, Inc. was incorporated in 1982 and is headquartered in Englewood Cliffs, New Jersey.