ConnectOne Bancorp Inc (CNOB) Stock AnalysisCNOBStock AnalysisConnectOne Bancorp Inc

ConnectOne Bancorp, Inc. is a modern financial services company that operates, through its subsidiary, ConnectOne Bank (the Bank) and the Bank’s fintech subsidiary, BoeFly, Inc (BoeFly). ConnectOne Bank is a commercial bank offering a full suite of banking and lending products and services that focus on small to middle-market businesses. The Bank's offices are located primarily in the New York metro market and span New Jersey, New York City, Long Island, and the Hudson Valley, including Rockland, Orange, and Westchester counties. It offers a range of deposit and loan products. It also provides a range of other banking services. Its products and services include personal and business checking accounts, money market accounts, time and savings accounts, credit cards, safe deposit boxes, access to automated teller services and telephone, and others. BoeFly is a fintech marketplace that connects borrowers in the franchise space with funding solutions through a network of partner banks. It operates in the Financials sector (STATE COMMERCIAL BANKS industry).

ConnectOne Bancorp is currently a hold due to mixed signals in the market. The current price of $31.73 is near the analyst price target of $34 to $38, indicating limited upside potential. Additionally, the RSI is low at 21.535, suggesting the stock may be oversold, but the recent 5-day change of -1.67% shows a downward trend. The company has reported a solid Q2 with a net income of $40.2 million, translating to an EPS of $0.80, which is a positive sign for long-term growth. However, the risk of loan quality issues remains a concern, especially following a significant drop in net income in Q2 2025, where it was negative at -21.7 million. Therefore, while there are positive catalysts, the current market dynamics suggest a cautious approach.

3 analysts cover CNOB: 3 rate it Buy, 0 Hold and 0 Sell. The average price target is 32.00.