ConnectOne Bancorp (NASDAQ:CNOB) Sets New 1-Year High – What’s Next?

22 Jan 2026, 00:08 by Sarita Garza · The Markets Daily

ConnectOne Bancorp, Inc. (NASDAQ:CNOB – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $28.54 and last traded at $28.4110, with a volume of 175607 shares trading hands. The stock had previously closed at $26.80.

Analyst Upgrades and Downgrades

CNOB has been the subject of a number of recent research reports. Piper Sandler began coverage on ConnectOne Bancorp in a research report on Friday, November 7th. They set an “overweight” rating and a $28.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of ConnectOne Bancorp in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of ConnectOne Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.50.

Check Out Our Latest Stock Analysis on ConnectOne Bancorp

ConnectOne Bancorp Stock Up 6.4%

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 23.00 and a beta of 1.13. The firm has a 50 day simple moving average of $26.13 and a two-hundred day simple moving average of $25.16.

ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $110.78 million during the quarter, compared to analysts’ expectations of $111.20 million. ConnectOne Bancorp had a return on equity of 8.22% and a net margin of 9.90%. As a group, sell-side analysts expect that ConnectOne Bancorp, Inc. will post 2.23 EPS for the current year.

ConnectOne Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a $0.18 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.72 annualized dividend and a yield of 2.5%. ConnectOne Bancorp’s dividend payout ratio (DPR) is 58.06%.

Institutional Trading of ConnectOne Bancorp

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in ConnectOne Bancorp by 275.3% during the second quarter. Farther Finance Advisors LLC now owns 1,471 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 1,079 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of ConnectOne Bancorp by 728.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,781 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,566 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of ConnectOne Bancorp by 107.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,842 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 956 shares during the period. State of Alaska Department of Revenue bought a new stake in ConnectOne Bancorp during the 3rd quarter worth approximately $48,000. Finally, Russell Investments Group Ltd. raised its holdings in ConnectOne Bancorp by 791.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,553 shares of the financial services provider’s stock worth $113,000 after buying an additional 4,042 shares during the period. Institutional investors own 67.70% of the company’s stock.

ConnectOne Bancorp Company Profile

(Get Free Report)

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.