Keefe, Bruyette & Woods Boosts ConnectOne Bancorp (NASDAQ:CNOB) Price Target to $34.00

ConnectOne Bancorp (NASDAQ:CNOB) had its price target raised by equities researchers at Keefe, Bruyette & Woods from $32.00 to $34.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 17.02% from the company’s current price.

Several other research analysts also recently weighed in on CNOB. Weiss Ratings restated a “hold (c)” rating on shares of ConnectOne Bancorp in a research note on Wednesday, January 21st. Wall Street Zen downgraded ConnectOne Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Piper Sandler started coverage on ConnectOne Bancorp in a research note on Monday, March 16th. They issued an “overweight” rating and a $31.00 price target for the company. Finally, Hovde Group upped their price target on ConnectOne Bancorp from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $33.00.

ConnectOne Bancorp Stock Performance

ConnectOne Bancorp stock traded up $0.13 during midday trading on Friday, hitting $29.06. The stock had a trading volume of 168,457 shares, compared to its average volume of 321,076. The firm’s fifty day moving average is $27.05 and its two-hundred day moving average is $26.36. The company has a market capitalization of $1.46 billion, a PE ratio of 19.34 and a beta of 1.08. ConnectOne Bancorp has a 52-week low of $21.79 and a 52-week high of $29.50. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76.

ConnectOne Bancorp (NASDAQ:CNOB) last released its earnings results on Thursday, April 23rd. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 11.83% and a return on equity of 9.33%. On average, research analysts forecast that ConnectOne Bancorp will post 3.18 EPS for the current year.

Institutional Trading of ConnectOne Bancorp

A number of institutional investors have recently bought and sold shares of the stock. EP Wealth Advisors LLC bought a new stake in ConnectOne Bancorp in the fourth quarter worth $236,000. Empowered Funds LLC lifted its position in ConnectOne Bancorp by 8.0% in the fourth quarter. Empowered Funds LLC now owns 212,496 shares of the financial services provider’s stock worth $5,572,000 after buying an additional 15,771 shares during the last quarter. VARCOV Co. bought a new stake in ConnectOne Bancorp in the fourth quarter worth $422,000. Balyasny Asset Management L.P. bought a new stake in shares of ConnectOne Bancorp during the fourth quarter worth $534,000. Finally, Bridgeway Capital Management LLC lifted its position in shares of ConnectOne Bancorp by 4.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 336,710 shares of the financial services provider’s stock worth $8,829,000 after purchasing an additional 15,771 shares during the last quarter. 67.70% of the stock is currently owned by institutional investors.

Key Stories Impacting ConnectOne Bancorp

Here are the key news stories impacting ConnectOne Bancorp this week:

• Positive Sentiment: ConnectOne raised its quarterly common dividend to $0.195 (8.3% increase), supporting income-oriented investors; record date May 15, payable June 1. ConnectOne Q1 2026 Results (GlobeNewswire)
• Positive Sentiment: Analyst upgrade: Hovde Group raised its price target from $32 to $34 and kept an “outperform” rating, implying ~17% upside from current levels — a bullish signal that likely helped buying interest. (Hovde note reported 4/24)
• Positive Sentiment: Operating positives in the release: net interest margin widened ~12 bps, ~10% annualized loan growth, higher tangible book value, and sizable YoY net income improvement — fundamentals that support valuation. ConnectOne Q1 2026 Results (GlobeNewswire)
• Neutral Sentiment: Mixed headlines on EPS: company press materials and several outlets reported EPS of $0.79 (beating the ~$0.73 consensus), while an earnings-call transcript captured by InsiderMonkey shows EPS of $0.72 (a hair below consensus). The discrepancy may reflect different presentations/adjustments; investors should rely on the official 10-Q/press release for GAAP vs. adjusted details. Earnings Call Transcript (InsiderMonkey) Zacks: Q1 EPS Beat
• Negative Sentiment: Revenue missed estimates: reported revenue ~$116.6M vs. analyst estimate ~$119.6M, which could concern investors focused on top-line momentum and offset some of the EPS/dividend optimism. Zacks: Q1 Revenue Analysis

ConnectOne Bancorp Company Profile

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.