Keefe, Bruyette & Woods Raises ConnectOne Bancorp (NASDAQ:CNOB) Price Target to $32.00

ConnectOne Bancorp (NASDAQ:CNOB) had its target price hoisted by equities researchers at Keefe, Bruyette & Woods from $30.00 to $32.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 19.20% from the company’s current price.

Several other equities research analysts have also commented on the company. Piper Sandler assumed coverage on ConnectOne Bancorp in a research report on Friday, November 7th. They issued an “overweight” rating and a $28.00 price objective on the stock. Wall Street Zen cut shares of ConnectOne Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Hovde Group dropped their target price on ConnectOne Bancorp from $32.50 to $32.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ConnectOne Bancorp in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

ConnectOne Bancorp Stock Performance

Shares of NASDAQ CNOB traded down $0.77 during midday trading on Friday, reaching $26.85. The company had a trading volume of 55,068 shares, compared to its average volume of 251,129. The stock has a market cap of $1.35 billion, a P/E ratio of 21.65 and a beta of 1.13. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The business’s 50-day simple moving average is $26.74 and its 200 day simple moving average is $25.32. ConnectOne Bancorp has a 1 year low of $20.61 and a 1 year high of $29.28.

ConnectOne Bancorp (NASDAQ:CNOB) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The firm had revenue of $114.63 million for the quarter, compared to analyst estimates of $114.80 million. ConnectOne Bancorp had a return on equity of 8.22% and a net margin of 9.90%. On average, analysts forecast that ConnectOne Bancorp will post 2.23 earnings per share for the current fiscal year.

Institutional Trading of ConnectOne Bancorp

Several large investors have recently added to or reduced their stakes in the stock. EJF Capital LLC raised its holdings in shares of ConnectOne Bancorp by 2.6% during the 2nd quarter. EJF Capital LLC now owns 29,148 shares of the financial services provider’s stock worth $675,000 after acquiring an additional 743 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in ConnectOne Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,537 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 914 shares during the period. PNC Financial Services Group Inc. raised its stake in ConnectOne Bancorp by 107.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,842 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 956 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in ConnectOne Bancorp by 28.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,746 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of ConnectOne Bancorp by 275.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,471 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,079 shares during the period. 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: Q4 earnings beat — CNOB reported $0.83 EPS vs. $0.74 consensus and improved profitability metrics (net margin ~9.9%, ROE ~8.2%), which supports near‑term earnings momentum. Zacks: Q4 Earnings Surpass Estimates
• Positive Sentiment: NIM guidance, asset milestone and branch consolidation — management outlined plans for 2026 NIM growth, announced branch rationalization (about 5 closures) to reduce expenses, and hit a ~$14B asset milestone — all supportive of margin expansion and operating‑leverage. Seeking Alpha: NIM & Branch Plans
• Positive Sentiment: Dividend declared — CNOB announced a quarterly common dividend of $0.18/share (ex‑dividend Feb 13, pay Mar 2), implying ~2.6% yield, which increases shareholder income and helps support the share price. GlobeNewswire: Q4 Results & Dividend
• Neutral Sentiment: Analyst note: Hovde Group trimmed its price target from $32.50 to $32.00 but kept an “outperform” rating — a small downgrade of upside expectations but still implies meaningful upside (~16% from current levels).
• Neutral Sentiment: Full‑quarter disclosure and call materials are available (earnings call transcript/highlights) for investors wanting more detail on credit trends and capital deployment. Yahoo Finance: Earnings Call Transcript
• Negative Sentiment: Revenue narrowly missed estimates (reported $114.63M vs. ~$114.80M expected), a minor blemish amid the EPS beat that could temper upside for short‑term momentum. MarketBeat: Earnings Summary

ConnectOne Bancorp Company Profile

ConnectOne Bancorp is a New Jersey‐based bank holding company whose primary subsidiary, ConnectOne Bank, offers a suite of commercial banking services to small and medium‐sized businesses, professionals and individuals. Established in 2005 and headquartered in Englewood Cliffs, New Jersey, the company seeks to deliver customized lending and deposit solutions through a network of branches across northern New Jersey and the New York metropolitan area.

The company’s lending portfolio centers on commercial real estate financing, construction lending, owner‐occupied real estate loans and working capital lines of credit.