ConnectOne Bancorp (NASDAQ:CNOB) Upgraded at Zacks Research

Posted by Stanley Muller on Nov 7th, 2026

Zacks Research upgraded shares of ConnectOne Bancorp (NASDAQ:CNOB – Free Report) from a hold rating to a strong-buy rating in a research report released on Wednesday,Zacks reports.

A number of other analysts also recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of ConnectOne Bancorp in a report on Monday, August 17th. Raymond James Financial upgraded shares of ConnectOne Bancorp from a “market perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $35.75.

Read Our Latest Report on CNOB

ConnectOne Bancorp Stock Performance

NASDAQ:CNOB traded down $0.04 during mid-day trading on Wednesday, hitting $32.42. 302,713 shares of the company’s stock traded hands, compared to its average volume of 376,352. The firm has a 50 day moving average of $31.37 and a two-hundred day moving average of $30.18. ConnectOne Bancorp has a 12 month low of $23.20 and a 12 month high of $34.14. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 11.34 and a beta of 1.04. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86.

ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.10. The company had revenue of $127.23 million during the quarter, compared to analysts’ expectations of $125.36 million. ConnectOne Bancorp had a return on equity of 11.96% and a net margin of 18.97%. On average, equities analysts forecast that ConnectOne Bancorp will post 3.29 earnings per share for the current fiscal year.

ConnectOne Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 13th. ConnectOne Bancorp’s dividend payout ratio is presently 27.27%.

Insider Buying and Selling

In other ConnectOne Bancorp news, insider Elizabeth Magennis sold 6,900 shares of the business’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $32.67, for a total value of $225,423.00. Following the sale, the insider owned 137,383 shares of the company’s stock, valued at $4,488,302.61. The trade was a 4.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.24% of the stock is currently owned by company insiders.

Institutional Trading of ConnectOne Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNOB. BlackRock Inc. acquired a new position in shares of ConnectOne Bancorp in the 2nd quarter worth approximately $159,462,000. Dimensional Fund Advisors LP grew its position in ConnectOne Bancorp by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,853,964 shares of the financial services provider’s stock valued at $76,400,000 after acquiring an additional 37,657 shares during the period. Bank of America Corp DE grew its position in ConnectOne Bancorp by 1.0% in the first quarter. Bank of America Corp DE now owns 922,378 shares of the financial services provider’s stock valued at $24,692,000 after acquiring an additional 9,146 shares during the period. The Manufacturers Life Insurance Company acquired a new position in ConnectOne Bancorp during the second quarter worth $9,952,000. Finally, Bank of New York Mellon Corp acquired a new position in ConnectOne Bancorp during the second quarter worth $9,501,000. Institutional investors own 67.70% of the company’s stock.

About ConnectOne Bancorp

(Get Free Report)

ConnectOne Bancorp, Inc is the parent company of ConnectOne Bank, a full-service commercial bank headquartered in Englewood Cliffs, New Jersey. The bank primarily serves businesses, entrepreneurs, professionals, nonprofit organizations and individuals in the New York metropolitan area and surrounding communities.

ConnectOne Bank provides a range of commercial and personal banking products, including checking and savings accounts, certificates of deposit, commercial and industrial loans, commercial real estate financing, construction loans, residential mortgage loans and consumer lending.