ConnectOne Bancorp (NASDAQ:CNOB) Shares Gap Down – What’s Next?

Posted by Brenda Bartman on Jul 23rd, 2026

ConnectOne Bancorp, Inc. (NASDAQ:CNOB – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $33.00, but opened at $30.68. ConnectOne Bancorp shares last traded at $31.9090, with a volume of 45,347 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of ConnectOne Bancorp from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Keefe, Bruyette & Woods increased their price target on ConnectOne Bancorp from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings raised ConnectOne Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 20th. Raymond James Financial reissued a “market perform” rating on shares of ConnectOne Bancorp in a research note on Wednesday, July 1st. Finally, Hovde Group increased 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.00.

Check Out Our Latest Analysis on CNOB

ConnectOne Bancorp Price Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is $31.70 and its 200-day moving average price is $28.95. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 18.35 and a beta of 1.05.

ConnectOne Bancorp (NASDAQ:CNOB – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.02. ConnectOne Bancorp had a net margin of 13.21% and a return on equity of 10.17%. The firm had revenue of $121.57 million during the quarter, compared to analysts’ expectations of $121.55 million. Equities research analysts anticipate that ConnectOne Bancorp, Inc. will post 3.28 earnings per share for the current year.

Hedge Funds Weigh In On ConnectOne Bancorp

Several large investors have recently made changes to their positions in CNOB. AQR Capital Management LLC raised its holdings in ConnectOne Bancorp by 7.6% during the 1st quarter. AQR Capital Management LLC now owns 74,053 shares of the financial services provider’s stock worth $1,800,000 after purchasing an additional 5,205 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ConnectOne Bancorp by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,537 shares of the financial services provider’s stock worth $524,000 after buying an additional 914 shares during the period. Jane Street Group LLC grew its position in shares of ConnectOne Bancorp by 374.7% during the 1st quarter. Jane Street Group LLC now owns 64,537 shares of the financial services provider’s stock worth $1,569,000 after buying an additional 50,942 shares during the period. New York State Common Retirement Fund raised its stake in shares of ConnectOne Bancorp by 32.7% during the second quarter. New York State Common Retirement Fund now owns 13,709 shares of the financial services provider’s stock worth $318,000 after buying an additional 3,379 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in ConnectOne Bancorp by 14.1% in the second quarter. Invesco Ltd. now owns 111,195 shares of the financial services provider’s stock valued at $2,575,000 after buying an additional 13,729 shares during the period. 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.