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ConnectOne Bancorp Inc

ConnectOne Bancorp Inc

CNOB
$33.43USD↓-1.99%-0.68 today

MARKET CAP

1.7B

P/E (TTM)

11.6x

FWD P/E

9.5x

DAY RANGE

$33 – $34

52W RANGE

$22
$34

AI Summary

Stalk
Buy NowMedium

CNOB remains in a Stage 2 advancing uptrend, reinforced by a recent momentum breakout above key resistance. The ensuing pullback into the rising 9 EMA and 21 EMA zone offers a favorable entry within the medium-term bullish structure. Although overbought conditions are present, no exhaustion is evident, supporting continued upside. Primary risk lies in a failure to hold the EMAs or a break below the 50 DMA, which would invalidate this bullish bias.

  • ↑Q1 loans up $300M, driving 10% annualized growth
  • ↑Net interest margin rose 12bps to 3.39% QoQ
  • ↓30–59 day delinquencies increased, pressuring asset quality
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The case for & against

Bull & Bear analysis

Bullish

ConnectOne Bancorp, Inc. (NASDAQ: CNOB) serves as a thriving community bank in the New York metropolitan area, focusing on personalized financial services to individuals and businesses. Recent expansion through the strategic merger with First of Long Island Bank enhances its market position, particularly in the high-growth Long Island region. The company caters to a diverse client base with traditional banking services, and it emphasizes a relationship-driven model, making it well-poised to navigate the ongoing changes within the banking landscape.

Bull says

  • ↑Q1 loans up $300M, driving 10% annualized growth
  • ↑Net interest margin rose 12bps to 3.39% QoQ
  • ↑Declared 8.3% dividend increase and repurchased 90K shares
  • ↑Merger synergies delivered $24M in cost savings so far
  • ↑Factor profile: strong earnings yield, healthy book-to-price, manageable leverage
  • ↑Analyst consensus “Moderate Buy,” expansion into South Florida

Bear says

  • ↓30–59 day delinquencies increased, pressuring asset quality
  • ↓Rising deposit costs amid heated competition threaten NIM
  • ↓Profitability metrics weak, raising efficiency and margin concerns
  • ↓High short interest signals market skepticism on earnings sustainability
  • ↓Low institutional ownership and small size may add selling pressure
  • ↓High valuation risk vs. growth pace may limit upside

Investment themes with CNOB

Regional Banks↑ +0.50%

FLG · TCBI · ZION

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-24-2026neutral

Transcript signals

Bull points

  • AI is pervasive for everyone, I believe. And if You're not thinking about it or utilizing it in your day-to-day operations, I think you have to question what are you doing? We see it in two different ways. We see lots of opportunities within the organization for folks to utilize AI tools to make their everyday processes better, more streamlined, more effective, you know, cut down on repetitive tasks.
  • And we're seeing tremendous opportunities in all aspects of the bank in that we use tools like Encino and Slack and Google here for our email platform, which has Gemini built into it. All of these things provide AI components that just make our jobs a lot easier.
  • And I am so proud of the team here that have been able to turn over opportunities for use cases, as small as they may be, sometimes they can be really effective in how we go about doing more accurate work in a much more efficient way.

Bear points

  • However, as disclosed in the earnings release, delinquencies increased due to an isolated client relationship collateralized by 19 multifamily New York City rent-stabilized properties.
  • we did experience an increase in 30 to 59-day delinquencies, which rose to 0.81% due to one relationship, which we are in the process of working out.
  • the competitive landscape for deposit costs remains competitive out there
Read full transcript analysis ›