ConnectOne Bancorp (CNOB) Stock Forecast, Price Target & Predictions
CNOB Stock Forecast
ConnectOne Bancorp stock forecast is as follows: an average price target of $25.00 (represents a 7.53% upside from CNOB’s last price of $23.25) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
CNOB Price Target
The average price target for ConnectOne Bancorp (CNOB) is $25.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $25.00. This represents a potential 7.53% upside from CNOB's last price of $23.25.
CNOB Analyst Ratings
According to 3 Wall Street analysts, ConnectOne Bancorp's rating consensus is 'Buy'. The analyst rating breakdown for CNOB stock is 1 'Strong Buy' (33.33%), 2 'Buy' (66.67%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
ConnectOne Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 26, 2024 | Frank Schiraldi | Piper Sandler | $25.00 | $24.86 | 0.56% | 7.53% |
| Jul 31, 2023 | Daniel Tamayo | Raymond James | $26.00 | $20.06 | 29.61% | 11.83% |
| Aug 02, 2022 | Stephens | $32.00 | $26.54 | 20.57% | 37.63% | |
| Jul 07, 2022 | Raymond James | $28.00 | $24.75 | 13.13% | 20.43% | |
| Apr 29, 2022 | Raymond James | $33.00 | $28.49 | 15.83% | 41.94% |
The latest ConnectOne Bancorp stock forecast, released on Jul 26, 2024 by Frank Schiraldi from Piper Sandler, set a price target of $25.00, which represents a 0.56% increase from the stock price at the time of the forecast ($24.86), and a 7.53% increase from CNOB last price ($23.25).
ConnectOne Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $25.00 |
| Last Closing Price | $23.25 | $23.25 | $23.25 |
| Upside/Downside | -100.00% | -100.00% | 7.53% |
In the current month, the average price target of ConnectOne Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to ConnectOne Bancorp's last price of $23.25. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 26, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Jul 31, 2023 | Raymond James | Outperform | Strong Buy | Upgrade |
| Aug 02, 2022 | Stephens | Overweight | Overweight | Hold |
| Jul 07, 2022 | Raymond James | Outperform | Outperform | Hold |
| Apr 29, 2022 | Raymond James | Outperform | Outperform | Hold |
ConnectOne Bancorp's last stock rating was published by Piper Sandler on Jul 26, 2024. The company gave CNOB a "Overweight" rating, the same as its previous rate.
ConnectOne Bancorp Financial Forecast
ConnectOne Bancorp Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $65.92M | $67.28M | $69.88M | $81.52M | $81.48M | $78.95M | $73.41M | $74.24M | $72.26M | $67.48M | $63.91M | $64.81M | $64.03M | $65.41M | $58.13M | $49.68M | $50.52M |
| Avg Forecast | $125.85M | $122.45M | $117.70M | $112.80M | $103.22M | $100.70M | $70.23M | $68.47M | $68.66M | $67.72M | $65.45M | $65.38M | $65.87M | $67.24M | $66.83M | $79.00M | $84.35M | $81.29M | $76.47M | $74.51M | $73.24M | $68.34M | $65.13M | $64.42M | $63.34M | $63.19M | $62.17M | $56.81M | $51.07M | $48.70M |
| High Forecast | $127.35M | $123.91M | $119.10M | $114.14M | $104.45M | $101.90M | $71.06M | $69.28M | $69.48M | $67.77M | $65.45M | $65.38M | $66.38M | $67.78M | $67.62M | $79.94M | $85.35M | $81.29M | $76.47M | $74.51M | $73.24M | $68.34M | $65.13M | $64.42M | $63.34M | $63.19M | $62.17M | $56.81M | $51.07M | $48.70M |
| Low Forecast | $124.71M | $121.34M | $116.63M | $111.78M | $102.29M | $99.79M | $69.59M | $67.85M | $68.04M | $67.67M | $65.45M | $65.38M | $65.36M | $66.29M | $66.22M | $78.28M | $83.58M | $81.29M | $76.47M | $74.51M | $73.24M | $68.34M | $65.13M | $64.42M | $63.34M | $63.19M | $62.17M | $56.81M | $51.07M | $48.70M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 16 | 8 | 11 | 7 | 11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.01% | 0.88% | 0.97% | 1.00% | 1.03% | 0.99% | 1.01% | 1.06% | 1.04% | 0.99% | 1.02% | 1.01% | 1.05% | 1.02% | 0.97% | 1.04% |
ConnectOne Bancorp's average Quarter revenue forecast for Dec 23 based on 2 analysts is $65.87M, with a low forecast of $65.36M, and a high forecast of $66.38M. CNOB's average Quarter revenue forecast represents a -0.07% decrease compared to the company's last Quarter revenue of $65.92M (Sep 23).
ConnectOne Bancorp EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 16 | 8 | 11 | 7 | 11 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $28.98M | $29.20M | $83.39M | $79.77M | $58.02M | $55.41M | $52.73M | $55.31M | $53.31M | $54.27M | $56.69M | $49.38M | $51.07M | $36.78M | $30.09M | $48.60M | $51.17M |
| Avg Forecast | $64.43M | $62.69M | $60.25M | $57.75M | $52.84M | $51.55M | $35.95M | $35.05M | $35.15M | $34.67M | $33.51M | $62.62M | $33.72M | $34.42M | $34.21M | $56.92M | $58.44M | $42.46M | $39.94M | $51.75M | $38.25M | $35.69M | $34.02M | $44.00M | $33.08M | $33.00M | $32.47M | $36.24M | $26.67M | $25.44M |
| High Forecast | $65.19M | $63.43M | $60.97M | $58.43M | $53.47M | $52.17M | $36.38M | $35.47M | $35.57M | $34.69M | $33.51M | $75.14M | $33.98M | $34.70M | $34.62M | $68.31M | $70.13M | $42.46M | $39.94M | $62.10M | $38.25M | $35.69M | $34.02M | $52.80M | $33.08M | $33.00M | $32.47M | $43.49M | $26.67M | $25.44M |
| Low Forecast | $63.84M | $62.12M | $59.71M | $57.22M | $52.36M | $51.09M | $35.63M | $34.73M | $34.83M | $34.64M | $33.51M | $50.09M | $33.46M | $33.94M | $33.90M | $45.54M | $46.75M | $42.46M | $39.94M | $41.40M | $38.25M | $35.69M | $34.02M | $35.20M | $33.08M | $33.00M | $32.47M | $28.99M | $26.67M | $25.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 0.85% | 1.46% | 1.36% | 1.37% | 1.39% | 1.02% | 1.45% | 1.49% | 1.60% | 1.29% | 1.49% | 1.55% | 1.13% | 0.83% | 1.82% | 2.01% |
2 analysts predict CNOB's average Quarter EBITDA for Dec 23 to be $33.72M, with a high of $33.98M and a low of $33.46M. This is 16.36% upper than ConnectOne Bancorp's previous annual EBITDA (Sep 23) of $28.98M.
ConnectOne Bancorp Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 16 | 8 | 11 | 7 | 11 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $21.41M | $21.39M | $24.93M | $32.56M | $28.91M | $32.36M | $31.38M | $33.04M | $32.10M | $32.22M | $33.00M | $25.64M | $24.79M | $14.83M | $6.03M | $20.78M | $21.70M |
| Avg Forecast | $33.52M | $31.59M | $29.09M | $26.58M | $22.15M | $-5.68M | $16.57M | $16.18M | $17.14M | $17.05M | $15.89M | $37.97M | $17.34M | $19.19M | $18.49M | $34.52M | $34.91M | $30.25M | $29.35M | $31.38M | $29.30M | $27.84M | $27.45M | $25.61M | $21.44M | $22.43M | $17.30M | $7.26M | $24.09M | $22.11M |
| High Forecast | $34.03M | $32.08M | $29.54M | $26.99M | $22.49M | $-5.62M | $16.82M | $16.55M | $18.29M | $17.13M | $15.90M | $45.57M | $17.60M | $19.95M | $18.78M | $41.42M | $41.89M | $30.25M | $29.35M | $37.66M | $29.30M | $27.84M | $27.45M | $30.73M | $21.44M | $22.43M | $17.30M | $8.72M | $24.09M | $22.11M |
| Low Forecast | $33.12M | $31.22M | $28.74M | $26.27M | $21.89M | $-5.77M | $16.37M | $15.81M | $16.00M | $16.96M | $15.88M | $30.38M | $16.97M | $18.42M | $18.27M | $27.62M | $27.93M | $30.25M | $29.35M | $25.10M | $29.30M | $27.84M | $27.45M | $20.49M | $21.44M | $22.43M | $17.30M | $5.81M | $24.09M | $22.11M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 1.16% | 0.72% | 0.93% | 0.96% | 1.10% | 1.00% | 1.13% | 1.15% | 1.17% | 1.29% | 1.20% | 1.11% | 0.86% | 0.83% | 0.86% | 0.98% |
ConnectOne Bancorp's average Quarter net income forecast for Dec 23 is $17.34M, with a range of $16.97M to $17.60M. CNOB's average Quarter net income forecast represents a -19.02% decrease compared to the company's last Quarter net income of $21.41M (Sep 23).
ConnectOne Bancorp SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 16 | 8 | 11 | 7 | 11 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $24.61M | $27.64M | $23.72M | $22.96M | $24.81M | $23.47M | $22.46M | $19.15M | $19.22M | $17.81M | $18.34M | $17.29M | $17.93M | $17.63M | $17.17M | $15.07M | $13.59M |
| Avg Forecast | $37.13M | $36.12M | $34.72M | $33.28M | $30.45M | $29.71M | $20.72M | $20.20M | $20.26M | $19.98M | $19.31M | $27.18M | $19.43M | $19.83M | $19.71M | $24.71M | $20.23M | $21.20M | $19.94M | $22.46M | $19.10M | $17.82M | $16.99M | $14.24M | $16.52M | $16.48M | $16.22M | $20.68M | $13.32M | $12.70M |
| High Forecast | $37.57M | $36.55M | $35.13M | $33.67M | $30.81M | $30.06M | $20.96M | $20.44M | $20.50M | $19.99M | $19.31M | $32.62M | $19.58M | $19.99M | $19.95M | $29.65M | $24.28M | $21.20M | $19.94M | $26.96M | $19.10M | $17.82M | $16.99M | $17.08M | $16.52M | $16.48M | $16.22M | $24.81M | $13.32M | $12.70M |
| Low Forecast | $36.79M | $35.80M | $34.41M | $32.97M | $30.17M | $29.44M | $20.53M | $20.02M | $20.07M | $19.96M | $19.31M | $21.74M | $19.28M | $19.56M | $19.54M | $19.77M | $16.18M | $21.20M | $19.94M | $17.97M | $19.10M | $17.82M | $16.99M | $11.39M | $16.52M | $16.48M | $16.22M | $16.54M | $13.32M | $12.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.24% | 1.40% | 0.96% | 1.13% | 1.17% | 1.18% | 1.00% | 1.00% | 1.08% | 1.05% | 1.29% | 1.05% | 1.09% | 1.09% | 0.83% | 1.13% | 1.07% |
ConnectOne Bancorp's average Quarter SG&A projection for Dec 23 is $19.43M, based on 2 Wall Street analysts, with a range of $19.28M to $19.58M. The forecast indicates a -21.02% fall compared to CNOB last annual SG&A of $24.61M (Sep 23).
ConnectOne Bancorp EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 16 | 8 | 11 | 7 | 11 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.51 | $0.51 | $0.60 | $0.79 | $0.70 | $0.78 | $0.76 | $0.79 | $0.81 | $0.81 | $0.83 | $0.64 | $0.62 | $0.37 | $0.15 | $0.59 | $0.61 |
| Avg Forecast | $0.87 | $0.82 | $0.76 | $0.69 | $0.57 | $-0.15 | $0.43 | $0.42 | $0.45 | $0.44 | $0.41 | $0.42 | $0.45 | $0.50 | $0.48 | $0.65 | $0.82 | $0.79 | $0.76 | $0.75 | $0.76 | $0.72 | $0.71 | $0.67 | $0.56 | $0.58 | $0.45 | $0.24 | $0.63 | $0.57 |
| High Forecast | $0.88 | $0.83 | $0.77 | $0.70 | $0.58 | $-0.15 | $0.44 | $0.43 | $0.47 | $0.44 | $0.41 | $0.42 | $0.46 | $0.52 | $0.49 | $0.66 | $0.84 | $0.79 | $0.76 | $0.75 | $0.76 | $0.72 | $0.71 | $0.67 | $0.56 | $0.58 | $0.45 | $0.24 | $0.63 | $0.57 |
| Low Forecast | $0.86 | $0.81 | $0.75 | $0.68 | $0.57 | $-0.15 | $0.42 | $0.41 | $0.42 | $0.44 | $0.41 | $0.41 | $0.44 | $0.48 | $0.47 | $0.64 | $0.82 | $0.79 | $0.76 | $0.75 | $0.76 | $0.72 | $0.71 | $0.67 | $0.56 | $0.58 | $0.45 | $0.24 | $0.63 | $0.57 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.06% | 0.92% | 0.96% | 0.89% | 1.02% | 1.01% | 1.04% | 1.12% | 1.13% | 1.25% | 1.15% | 1.06% | 0.82% | 0.63% | 0.94% | 1.06% |
According to 2 Wall Street analysts, ConnectOne Bancorp's projected average Quarter EPS for Dec 23 is $0.45, with a low estimate of $0.44 and a high estimate of $0.46. This represents a -11.76% decrease compared to CNOB previous annual EPS of $0.51 (Sep 23).
ConnectOne Bancorp Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CFB | CrossFirst Bankshares | $16.63 | $20.00 | 20.26% | Buy |
| HTBI | HomeTrust Bancshares | $36.35 | $42.00 | 15.54% | Buy |
| NBHC | National Bank | $45.56 | $50.00 | 9.75% | Hold |
| FNWB | First Northwest Bancorp | $10.36 | $11.00 | 6.18% | Hold |
| HBCP | Home Bancorp | $48.80 | $50.00 | 2.46% | Buy |
| HFWA | Heritage Financial | $25.67 | $26.00 | 1.29% | Hold |
| CNOB | ConnectOne Bancorp | $25.58 | $25.00 | -2.27% | Buy |
| GSBC | Great Southern Bancorp | $64.79 | $62.00 | -4.31% | Hold |
| FISI | Financial Institutions | $28.45 | $19.50 | -31.46% | Hold |