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

ConnectOne Bancorp (NASDAQ:CNOB) had its price objective upped by research analysts at Keefe, Bruyette & Woods from $32.00 to $34.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 17.02% from the stock’s current price.

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

ConnectOne Bancorp Trading Up 0.4%

Shares of NASDAQ:CNOB traded up $0.13 on Friday, hitting $29.06. 168,457 shares of the company’s stock were exchanged, compared to its average volume of 321,076. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 19.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.04 and a quick ratio of 1.04. ConnectOne Bancorp has a 12 month low of $21.79 and a 12 month high of $29.50. The business’s 50 day simple moving average is $27.05 and its two-hundred day simple moving average is $26.36.

ConnectOne Bancorp (NASDAQ:CNOB) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $116.64 million during the quarter, compared to the consensus estimate of $119.59 million. ConnectOne Bancorp had a return on equity of 9.33% and a net margin of 11.83%. Analysts anticipate that ConnectOne Bancorp will post 3.18 EPS for the current fiscal year.

Hedge Funds Weigh In On ConnectOne Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC purchased a new position in ConnectOne Bancorp in the fourth quarter valued at about $236,000. Empowered Funds LLC grew its stake 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 valued at $5,572,000 after purchasing an additional 15,771 shares during the last quarter. VARCOV Co. purchased a new position in ConnectOne Bancorp in the fourth quarter valued at about $422,000. Balyasny Asset Management L.P. purchased a new position in ConnectOne Bancorp in the fourth quarter valued at about $534,000. Finally, Bridgeway Capital Management LLC grew its stake 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 acquiring an additional 15,771 shares during the last quarter. Hedge funds and other institutional investors own 67.70% of the company’s stock.

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

About ConnectOne Bancorp

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.