ConnectOne Bancorp (CNOB) Stock Forecast, Price Target & Predictions
CNOB Stock Forecast
ConnectOne Bancorp stock forecast is as follows: an average price target of $27.67 (represents a 13.63% upside from CNOB’s last price of $24.35) 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 $27.67 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $32.00 to $25.00. This represents a potential 13.63% upside from CNOB's last price of $24.35.
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% | 2.67% |
| Jul 31, 2023 | Daniel Tamayo | Raymond James | $26.00 | $20.06 | 29.61% | 6.78% |
| Aug 02, 2022 | - | Stephens | $32.00 | $26.54 | 20.57% | 31.42% |
| Jul 07, 2022 | - | Raymond James | $28.00 | $24.75 | 13.13% | 14.99% |
| Apr 29, 2022 | - | Raymond James | $33.00 | $28.49 | 15.83% | 35.52% |
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 2.67% increase from CNOB last price ($24.35).
ConnectOne Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $25.00 |
| Last Closing Price | $24.35 | $24.35 | $24.35 |
| Upside/Downside | -100.00% | -100.00% | 2.67% |
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 $24.35. 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 | $126.10M | $122.75M | $118.35M | $114.20M | $104.20M | $101.38M | $70.70M | $68.87M | $68.71M | $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 | $126.29M | $122.93M | $118.53M | $114.37M | $104.35M | $101.53M | $70.81M | $68.97M | $68.81M | $67.77M | $65.45M | $65.38M | $66.38M | $67.78M | $66.93M | $79.11M | $84.47M | $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 | $125.91M | $122.57M | $118.17M | $114.03M | $104.04M | $101.23M | $70.60M | $68.77M | $68.61M | $67.67M | $65.45M | $65.38M | $65.36M | $66.29M | $66.73M | $78.88M | $84.22M | $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 | 1 | 1 | 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 | 1 | 1 | 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 | $65.86M | $64.11M | $61.81M | $59.65M | $54.42M | $52.95M | $36.93M | $35.97M | $35.89M | $35.37M | $34.19M | $62.62M | $34.41M | $35.12M | $34.90M | $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 | $65.96M | $64.21M | $61.91M | $59.73M | $54.50M | $53.03M | $36.98M | $36.02M | $35.94M | $35.39M | $34.19M | $75.14M | $34.67M | $35.40M | $34.96M | $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 | $65.76M | $64.02M | $61.72M | $59.56M | $54.34M | $52.87M | $36.87M | $35.92M | $35.83M | $35.34M | $34.19M | $50.09M | $34.14M | $34.62M | $34.85M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.83% | 0.84% | 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 $34.41M, with a high of $34.67M and a low of $34.14M. This is 18.71% 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 | 1 | 1 | 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 | $36.00M | $33.90M | $31.60M | $29.51M | $24.59M | $-5.76M | $18.52M | $17.89M | $18.52M | $18.52M | $17.27M | $37.97M | $18.84M | $20.84M | $20.09M | $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 | $36.07M | $33.97M | $31.66M | $29.57M | $24.64M | $-5.74M | $18.56M | $18.30M | $19.76M | $18.62M | $17.28M | $45.57M | $18.87M | $21.68M | $20.13M | $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 | $35.93M | $33.84M | $31.54M | $29.45M | $24.54M | $-5.77M | $18.49M | $17.49M | $17.29M | $18.43M | $17.26M | $30.38M | $18.43M | $20.01M | $20.05M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.06% | 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 $18.84M, with a range of $18.43M to $18.87M. CNOB's average Quarter net income forecast represents a -12.01% 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 | 1 | 1 | 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 | $32.89M | $32.02M | $30.87M | $29.79M | $27.18M | $26.44M | $18.44M | $17.96M | $17.92M | $17.66M | $17.07M | $27.18M | $17.18M | $17.54M | $17.43M | $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 | $32.94M | $32.06M | $30.91M | $29.83M | $27.22M | $26.48M | $18.47M | $17.99M | $17.95M | $17.68M | $17.07M | $32.62M | $17.31M | $17.68M | $17.46M | $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 | $32.84M | $31.97M | $30.82M | $29.74M | $27.14M | $26.40M | $18.41M | $17.94M | $17.89M | $17.65M | $17.07M | $21.74M | $17.05M | $17.29M | $17.40M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.40% | 1.59% | 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 $17.18M, based on 2 Wall Street analysts, with a range of $17.05M to $17.31M. The forecast indicates a -30.17% 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 | 1 | 1 | 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 | $0.86 | $0.81 | $0.76 | $0.70 | $0.59 | $-0.14 | $0.44 | $0.43 | $0.44 | $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 | $0.86 | $0.81 | $0.76 | $0.71 | $0.59 | $-0.14 | $0.44 | $0.44 | $0.47 | $0.44 | $0.41 | $0.42 | $0.45 | $0.52 | $0.48 | $0.65 | $0.83 | $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 | $0.70 | $0.59 | $-0.14 | $0.44 | $0.42 | $0.41 | $0.44 | $0.41 | $0.42 | $0.44 | $0.48 | $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 |
| 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 $0.45. 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 |
|---|---|---|---|---|---|
| HTBI | HomeTrust Bancshares | $32.77 | $42.00 | 28.17% | Buy |
| CNOB | ConnectOne Bancorp | $24.35 | $27.67 | 13.63% | Buy |
| CFB | CrossFirst Bankshares | $15.70 | $17.60 | 12.10% | Buy |
| HFWA | Heritage Financial | $23.20 | $26.00 | 12.07% | Hold |
| NBHC | National Bank | $44.68 | $50.00 | 11.91% | Hold |
| FNWB | First Northwest Bancorp | $9.90 | $11.00 | 11.11% | Hold |
| GSBC | Great Southern Bancorp | $57.16 | $62.00 | 8.47% | Hold |
| HBCP | Home Bancorp | $46.40 | $50.00 | 7.76% | Buy |
| FISI | Financial Institutions | $23.84 | $19.50 | -18.20% | Hold |
CNOB Forecast FAQ
Is ConnectOne Bancorp a good buy?
Yes, according to 3 Wall Street analysts, ConnectOne Bancorp (CNOB) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of CNOB's total ratings.
What is CNOB's price target?
ConnectOne Bancorp (CNOB) average price target is $27.67 with a range of $25 to $32, implying a 13.63% from its last price of $24.35. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will ConnectOne Bancorp stock go up soon?
According to Wall Street analysts' prediction for CNOB stock, the company can go up by 13.63% (from the last price of $24.35 to the average price target of $27.67), up by 31.42% based on the highest stock price target, and up by 2.67% based on the lowest stock price target.
Can ConnectOne Bancorp stock reach $40?
CNOB's average twelve months analyst stock price target of $27.67 does not support the claim that ConnectOne Bancorp can reach $40 in the near future.
What are ConnectOne Bancorp's analysts' financial forecasts?
ConnectOne Bancorp's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $345.15M (high $345.66M, low $344.64M), average EBITDA is $180.27M (high $180.54M, low $180M), average net income is $55.25M (high $55.75M, low $54.75M), average SG&A $90.02M (high $90.16M, low $89.89M), and average EPS is $1.32 (high $1.33, low $1.31). CNOB's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $481.4M (high $482.12M, low $480.68M), average EBITDA is $251.43M (high $251.81M, low $251.06M), average net income is $131.01M (high $131.26M, low $130.76M), average SG&A $125.56M (high $125.75M, low $125.37M), and average EPS is $3.13 (high $3.14, low $3.12).
Did the CNOB's actual financial results beat the analysts' financial forecasts?
Based on ConnectOne Bancorp's last annual report (Dec 2023), the company's revenue was $373.75M, beating the average analysts forecast of $278.94M by 33.99%. Apple's EBITDA was $171.22M, beating the average prediction of $161.35M by 6.12%. The company's net income was $125.21M, beating the average estimation of $94.29M by 32.79%. Apple's SG&A was $1.69M, missing the average forecast of $76.86M by -97.80%. Lastly, the company's EPS was $3.03, beating the average prediction of $2.08 by 45.81%. In terms of the last quarterly report (Sep 2023), ConnectOne Bancorp's revenue was $65.92M, missing the average analysts' forecast of $67.24M by -1.96%. The company's EBITDA was $28.98M, missing the average prediction of $35.12M by -17.47%. ConnectOne Bancorp's net income was $21.41M, beating the average estimation of $20.84M by 2.70%. The company's SG&A was $24.6M, beating the average forecast of $17.54M by 40.31%. Lastly, the company's EPS was $0.51, beating the average prediction of $0.498 by 2.41%