ConnectOne Bancorp, Inc. (CNOB)
NASDAQ: CNOB · IEX Real-Time Price · USD
17.45
-0.18 (-1.02%)
Jun 21, 2024, 4:00 PM EDT - Market closed

ConnectOne Bancorp Statistics

Total Valuation

CNOB has a market cap or net worth of $668.91 million. The enterprise value is $1.36 billion.

Market Cap 668.91M
Enterprise Value 1.36B

Important Dates

The next estimated earnings date is Thursday, July 25, 2024, before market open.

Earnings Date Jul 25, 2024
Ex-Dividend Date May 14, 2024

Share Statistics

CNOB has 38.33 million shares outstanding. The number of shares has decreased by -1.91% in one year.

Shares Outstanding 38.33M
Shares Change (YoY) -1.91%
Shares Change (QoQ) -0.52%
Owned by Insiders (%) 6.65%
Owned by Institutions (%) 71.22%
Float 35.64M

Valuation Ratios

The trailing PE ratio is 9.23 and the forward PE ratio is 9.32. CNOB's PEG ratio is 1.83.

PE Ratio 9.23
Forward PE 9.32
PS Ratio 2.65
Forward PS 2.50
PB Ratio 0.55
P/FCF Ratio 7.24
PEG Ratio 1.83
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 12.16, with an EV/FCF ratio of 14.74.

EV / Earnings 18.59
EV / Sales 5.40
EV / EBITDA 12.16
EV / EBIT 12.84
EV / FCF 14.74

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity 0.80
Debt / EBITDA 8.66
Debt / FCF 10.50
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is 6.10% and return on invested capital (ROIC) is 3.63%.

Return on Equity (ROE) 6.10%
Return on Assets (ROA) 0.70%
Return on Capital (ROIC) 3.63%
Revenue Per Employee $517,821
Profits Per Employee $150,396
Employee Count 487
Asset Turnover 0.03
Inventory Turnover n/a

Taxes

In the past 12 months, CNOB has paid $26.76 million in taxes.

Income Tax 26.76M
Effective Tax Rate 26.76%

Stock Price Statistics

The stock price has increased by +2.83% in the last 52 weeks. The beta is 1.26, so CNOB's price volatility has been higher than the market average.

Beta (1Y) 1.26
52-Week Price Change +2.83%
50-Day Moving Average 18.87
200-Day Moving Average 19.58
Relative Strength Index (RSI) 36.14
Average Volume (20 Days) 157,753

Short Selling Information

The latest short interest is 1.01 million, so 2.64% of the outstanding shares have been sold short.

Short Interest 1.01M
Short Previous Month 1.37M
Short % of Shares Out 2.64%
Short % of Float 2.84%
Short Ratio (days to cover) 10.67

Income Statement

In the last 12 months, CNOB had revenue of $252.18 million and earned $73.24 million in profits. Earnings per share was $1.89.

Revenue 252.18M
Gross Profit 252.18M
Operating Income 106.04M
Pretax Income 106.04M
Net Income 73.24M
EBITDA 111.95M
EBIT 106.04M
Earnings Per Share (EPS) $1.89
Full Income Statement

Balance Sheet

The company has $277.58 million in cash and $969.98 million in debt, giving a net cash position of -$692.39 million or -$18.06 per share.

Cash & Cash Equivalents 277.58M
Total Debt 969.98M
Net Cash -692.39M
Net Cash Per Share -$18.06
Equity / Book Value 1.22B
Book Value Per Share 31.74
Working Capital n/a
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $97.04 million and capital expenditures -$4.70 million, giving a free cash flow of $92.34 million.

Operating Cash Flow 97.04M
Capital Expenditures -4.70M
Free Cash Flow 92.34M
FCF Per Share $2.40
Full Cash Flow Statement

Margins

Gross margin is 100.00%, with operating and profit margins of 42.05% and 29.04%.

Gross Margin 100.00%
Operating Margin 42.05%
Pretax Margin 42.05%
Profit Margin 29.04%
EBITDA Margin 44.39%
EBIT Margin 42.05%
FCF Margin 36.61%

Dividends & Yields

This stock pays an annual dividend of $0.72, which amounts to a dividend yield of 4.13%.

Dividend Per Share $0.72
Dividend Yield 4.13%
Dividend Growth (YoY) 8.66%
Years of Dividend Growth 5
Payout Ratio 38.10%
Buyback Yield 1.91%
Shareholder Yield 6.03%
Earnings Yield 10.95%
FCF Yield 13.80%
Dividend Details

Analyst Forecast

The average price target for CNOB is $25.50, which is 46.13% higher than the current price. The consensus rating is "Buy".

Price Target $25.50
Price Target Difference 46.13%
Analyst Consensus Buy
Analyst Count 4
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on April 27, 2007. It was a forward split with a ratio of 105:100.

Last Split Date Apr 27, 2007
Split Type Forward
Split Ratio 105:100

Scores

Altman Z-Score n/a
Piotroski F-Score 5