A share price of ConnectOne Bancorp Inc [CNOB] is currently trading at $28.60, up 14.91%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CNOB shares have gain 15.74% over the last week, with a monthly amount glided 16.21%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ConnectOne Bancorp Inc [NASDAQ: CNOB] stock has seen the most recent analyst activity on May 31, 2024, when Keefe Bruyette downgraded its rating to a Mkt Perform. Previously, Hovde Group started tracking the stock with Outperform rating on October 06, 2023, and set its price target to $21. On July 31, 2023, upgrade upgraded it’s rating to Strong Buy but maintained its price target of $26 on the stock. Raymond James downgraded its rating to a Outperform and reduced its price target to $38 on January 31, 2022. In a note dated December 17, 2020, Piper Sandler initiated an Overweight rating and provided a target price of $25 on this stock.
ConnectOne Bancorp Inc experienced fluctuations in its stock price throughout the past year between $17.07 and $27.13. Currently, Wall Street analysts expect the stock to reach $27.67 within the next 12 months. ConnectOne Bancorp Inc [NASDAQ: CNOB] shares were valued at $28.60 at the most recent close of the market. An investor can expect a potential drop of -3.25% based on the average CNOB price forecast.
Analyzing the CNOB fundamentals
Trailing Twelve Months sales for ConnectOne Bancorp Inc [NASDAQ:CNOB] were 536.01M which represents 6.08% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.38 points at the first support level, and at 26.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.41, and for the 2nd resistance point, it is at 30.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ConnectOne Bancorp Inc [NASDAQ:CNOB] is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.05, the price to book ratio is 0.97 and price to earnings (TTM) ratio is 16.58.
Transactions by insiders
Recent insider trading involved Boswell Stephen T., Director, that happened on Nov 16 ’23 when 8000.0 shares were purchased.
