ConnectOne Bancorp, Inc.
CNOBFinancial ServicesNASDAQBanks - Regional
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Daily timeframeConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the United. The $1.51B market capitalization puts CNOB squarely in small-cap range for its industry. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking.
Market Cap
$1.51B
Beta
1.06
P/E (TTM)
16.17
P/E (Fwd)
8.20
EPS (TTM)
$1.86
EPS (Fwd)
$3.67
ROE
6.9%
ROA
0.8%
Cash
$361.3M
Total Debt
$1.06B
Free CF
—
52W Change
34.2%
Annual Financials
Cash vs Debt
On the balance sheet, CNOB has $361.3M in cash with $1.06B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Return on equity stands at 6.9%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 0.8% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $315.4M to $378.2M.
As with any equity investment, CNOB carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for ConnectOne Bancorp, Inc. and its sector.