ConnectOne Bancorp (NASDAQ:CNOB) Shares Gap Down – Here’s What Happened

Shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) gapped down prior to trading on Thursday . The stock had previously closed at $33.00, but opened at $30.68. ConnectOne Bancorp shares last traded at $31.9090, with a volume of 45,347 shares trading hands.

Trending Headlines about ConnectOne Bancorp

Here are the key news stories impacting ConnectOne Bancorp this week:

• Positive Sentiment: CNOB beat earnings estimates, reporting $0.84 per share versus consensus around $0.82-$0.83, while revenue of $121.57 million also matched or slightly topped expectations. Conference Call and Earnings Release
• Positive Sentiment: The company said sequential loan growth rose 5% and core deposits increased 8%, while its net interest margin widened to 3.42%, signaling improving profitability. Q2 2026 Results
• Positive Sentiment: Management also declared its regular quarterly common dividend, which may support investor confidence in capital strength and cash generation. Q2 2026 Results
• Neutral Sentiment: The company also announced a dividend on its preferred stock, but that is likely a routine capital-management update rather than a major stock driver. Preferred Dividend Announcement
• Neutral Sentiment: Short-interest data showed no meaningful change, with reported short interest effectively at zero, so it is unlikely to be influencing the stock move.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CNOB. Weiss Ratings upgraded shares of ConnectOne Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 20th. Raymond James Financial reaffirmed a “market perform” rating on shares of ConnectOne Bancorp in a report on Wednesday, July 1st. Hovde Group lifted their price objective on ConnectOne Bancorp from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Piper Sandler upped their target price on ConnectOne Bancorp from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Finally, Keefe, Bruyette & Woods raised their target price on ConnectOne Bancorp from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

ConnectOne Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s 50 day moving average is $31.81 and its 200-day moving average is $29.01. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 10.61 and a beta of 1.05.

ConnectOne Bancorp (NASDAQ:CNOB) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $121.57 million for the quarter, compared to the consensus estimate of $121.55 million. ConnectOne Bancorp had a net margin of 20.21% and a return on equity of 11.35%. Analysts forecast that ConnectOne Bancorp, Inc. will post 3.28 earnings per share for the current fiscal year.

ConnectOne Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.195 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.4%. ConnectOne Bancorp’s dividend payout ratio is 45.09%.

Institutional Investors Weigh In On ConnectOne Bancorp

Institutional investors have recently modified their holdings of the business. Clearstead Advisors LLC increased its stake in shares of ConnectOne Bancorp by 195.6% in the 4th quarter. Clearstead Advisors LLC now owns 1,330 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 880 shares in the last quarter. Osaic Holdings Inc. raised its holdings in ConnectOne Bancorp by 728.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,781 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,566 shares during the period. State of Wyoming purchased a new position in ConnectOne Bancorp during the fourth quarter worth approximately $73,000. Farther Finance Advisors LLC boosted its position in ConnectOne Bancorp by 129.1% during the fourth quarter. Farther Finance Advisors LLC now owns 3,475 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 1,958 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in ConnectOne Bancorp by 791.0% in the third quarter. Russell Investments Group Ltd. now owns 4,553 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 4,042 shares during the period. 67.70% of the stock is currently owned by institutional investors and hedge funds.

About ConnectOne Bancorp

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.