ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Receives $33.25 Consensus Target Price from Brokerages

Posted by Geri Gentry on May 29th, 2026

Shares of ConnectOne Bancorp, Inc. (NASDAQ:CNOB – Get Free Report) have been given an average recommendation of “Buy” by the five brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $33.25.

A number of analysts have weighed in on CNOB shares. Keefe, Bruyette & Woods upped 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. Piper Sandler started coverage on ConnectOne Bancorp in a report on Monday, March 16th. They set an “overweight” rating and a $31.00 target price for the company. Hovde Group upped 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. Weiss Ratings upgraded ConnectOne Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 20th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $34.00 price objective on shares of ConnectOne Bancorp in a report on Monday, April 27th.

Read Our Latest Research Report on CNOB

ConnectOne Bancorp Trading Up 0.3%

Shares of NASDAQ CNOB opened at $29.94 on Friday. ConnectOne Bancorp has a twelve month low of $21.79 and a twelve month high of $30.65. The firm has a market cap of $1.51 billion, a PE ratio of 17.31 and a beta of 1.06. The business has a fifty day simple moving average of $28.39 and a two-hundred day simple moving average of $27.20. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.14.

ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The company had revenue of $116.64 million during the quarter, compared to analyst estimates of $119.59 million. ConnectOne Bancorp had a net margin of 13.21% and a return on equity of 10.17%. Analysts expect that ConnectOne Bancorp will post 3.3 earnings per share for the current fiscal year.

ConnectOne Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a dividend of $0.195 per share. The ex-dividend date is Friday, May 15th. This represents a $0.78 annualized dividend and a dividend yield of 2.6%. This is a boost from ConnectOne Bancorp’s previous quarterly dividend of $0.18. ConnectOne Bancorp’s dividend payout ratio (DPR) is currently 45.09%.

Hedge Funds Weigh In On ConnectOne Bancorp

Hedge funds have recently modified their holdings of the stock. Clearstead Advisors LLC increased its holdings in shares of ConnectOne Bancorp by 195.6% during the fourth quarter. Clearstead Advisors LLC now owns 1,330 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 880 shares in the last quarter. Osaic Holdings Inc. raised its stake 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 acquiring an additional 1,566 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in ConnectOne Bancorp in the 3rd quarter worth $48,000. State of Wyoming purchased a new position in ConnectOne Bancorp in the 4th quarter worth $73,000. Finally, Farther Finance Advisors LLC raised its stake in ConnectOne Bancorp by 129.1% in the 4th quarter. Farther Finance Advisors LLC now owns 3,475 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 1,958 shares during the last quarter. Institutional investors and hedge funds own 67.70% of the company’s stock.

About ConnectOne Bancorp

(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.

The company’s lending portfolio centers on commercial real estate financing, construction lending, owner‐occupied real estate loans and working capital lines of credit.