ConnectOne Bancorp, Inc. (CNOB) AI Stock Analysis

ConnectOne Bancorp, Inc. operates as a bank holding company overseeing ConnectOne Bank across Northern New Jersey, the New York Metropolitan area, and South Florida. It focuses on commercial banking services tailored for small to mid-sized businesses, local professionals, and individuals. Deposit products include personal and business checking accounts, retirement savings options, money market accounts, and time deposits. Lending solutions cover consumer and commercial loans, lines of credit, commercial mortgages, residential mortgages, home equity loans, bridge loans, and commercial construction loans. The company maintains traditional banking operations and does not offer cryptocurrencies.

ConnectOne Bancorp grew revenue from $316.8M in FY2021 to $606.5M in FY2025, recording a 5-year revenue CAGR of 13.5%. Revenue fell 1.8% in FY2021 before expanding 22.2% in FY2022, 30.3% in FY2023, 6.1% in FY2024, and 13.4% in FY2025. Operating margin shifted from 55.3% in FY2021 to 18.6% in FY2025, while net income moved from $130.4M to $80.4M over the same timeframe. Diluted EPS was $2.59 in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue growth was 134.2% year-over-year, and quarterly earnings grew 47.5%.

As of June 30, 2026, ConnectOne Bancorp held $1.22B in cash and short-term investments and $32.9M in total debt, yielding net cash of $1.19B. Total assets reached $14.41B against shareholders' equity of $1.63B, with a debt-to-equity ratio of 0.02 and a current ratio of 38.88. In FY2025, the company generated $106.4M in operating cash flow and $101.0M in free cash flow, while deploying $5.4M toward capital expenditures, $2.2M for share buybacks, and $38.0M for dividends paid.

At a last close of $30.44 on October 16, 2026, ConnectOne Bancorp trades at a trailing P/E of 9.9x and a forward P/E of 10.2x, compared to the median of 12.1x and 10.8x for its US-listed Financial Services peers. The stock has a price-to-sales multiple of 3.5x versus the peer median of 3.2x, alongside a price-to-book ratio of 1.0x. Over the past year, CNOB gained 34.2%, outperforming the S&P 500 return of 16.8%, but its 5-year return of 8.9% trails the S&P 500 5-year gain of 83.0%.

ConnectOne Bancorp provides a forward annual dividend of $0.78 per share, which corresponds to a dividend yield of 2.56%. The dividend payout ratio stands at 23.7%, backed by 33 consecutive years paid and a 5-year annualized dividend growth rate of 14.9%. The most recent ex-dividend date occurred on August 14, 2026, with distributions made quarterly.

Wall Street coverage consists of 2 Strong Buy, 2 Buy, and 1 Hold ratings, with zero Sell ratings. The mean price target is $36.75, representing a 20.7% upside relative to the last close of $30.44. For the current fiscal year ending December 31, 2026, analysts estimate EPS of $3.27 on revenue of $483.3M. The bank has beaten EPS estimates in 4 of the last 4 quarters, with its next earnings date scheduled for October 22, 2026.

This page is an AI-written research summary of ConnectOne Bancorp, Inc. (CNOB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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