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Upturn AI SWOT - About
CNOB 
ConnectOne Bancorp Inc (CNOB)
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Upturn Advisory Summary
04/01/2025: CNOB (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 7.68% | Avg. Invested days 41 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 929.04M USD | Price to earnings Ratio 13.76 | 1Y Target Price 29.8 |
Price to earnings Ratio 13.76 | 1Y Target Price 29.8 | ||
Volume (30-day avg) 178670 | Beta 1.28 | 52 Weeks Range 16.70 - 29.11 | Updated Date 04/1/2025 |
52 Weeks Range 16.70 - 29.11 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 2.96% | Basic EPS (TTM) 1.76 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 29.49% | Operating Margin (TTM) 46.02% |
Management Effectiveness
Return on Assets (TTM) 0.75% | Return on Equity (TTM) 6% |
Valuation
Trailing PE 13.76 | Forward PE 10.21 | Enterprise Value 1432124032 | Price to Sales(TTM) 3.71 |
Enterprise Value 1432124032 | Price to Sales(TTM) 3.71 | ||
Enterprise Value to Revenue 6.92 | Enterprise Value to EBITDA - | Shares Outstanding 38374300 | Shares Floating 35662359 |
Shares Outstanding 38374300 | Shares Floating 35662359 | ||
Percent Insiders 6.56 | Percent Institutions 72.49 |
Analyst Ratings
Rating 4.25 | Target Price 29.25 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
ConnectOne Bancorp Inc
Company Overview
History and Background
ConnectOne Bancorp, Inc. was founded in 2005 and is headquartered in Englewood Cliffs, New Jersey. It operates as the holding company for ConnectOne Bank. It has grown through organic expansion and strategic acquisitions.
Core Business Areas
- Commercial Lending: Provides commercial real estate loans, C&I loans, and SBA loans to businesses.
- Retail Banking: Offers deposit accounts, including checking, savings, and money market accounts, as well as residential mortgages and consumer loans.
- Cash Management Services: Provides businesses with cash management solutions, including online banking, remote deposit capture, and merchant services.
Leadership and Structure
Frank Sorrentino III is the Chairman and CEO. The organizational structure includes executive leadership, lending teams, and operational departments.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Loans secured by commercial properties. Market share data is not publicly available. Competitors include regional and national banks. Revenue data not publicly available.
- Commercial & Industrial (C&I) Loans: Loans to businesses for working capital, equipment, and expansion. Market share data is not publicly available. Competitors include regional and national banks. Revenue data not publicly available.
- SBA Loans: Loans guaranteed by the Small Business Administration. Market share data is not publicly available. Competitors include regional and national banks specializing in SBA lending. Revenue data not publicly available.
Market Dynamics
Industry Overview
The banking industry is currently experiencing increased competition, rising interest rates, and evolving regulatory landscape. Digital banking and fintech companies are disrupting traditional banking models.
Positioning
ConnectOne Bancorp Inc. focuses on serving small to medium-sized businesses and high-net-worth individuals in the New York metropolitan area. Its competitive advantage lies in its personalized service and local market knowledge.
Total Addressable Market (TAM)
The total addressable market for banking services in the New York metropolitan area is significant, estimated to be in the billions of dollars. ConnectOne is positioned to capture a portion of this market through its focus on specific niches.
Upturn SWOT Analysis
Strengths
- Strong local market presence
- Experienced management team
- Focus on commercial lending
- Solid asset quality
- Strong digital banking platform
Weaknesses
- Limited geographic diversification
- Reliance on commercial lending
- Smaller scale compared to larger banks
- Higher cost of funds than larger banks
- Dependence on funding
Opportunities
- Expansion into new markets
- Increased digital banking adoption
- Strategic acquisitions
- Growth in SBA lending
- Increasing demand for commercial real estate
Threats
- Rising interest rates
- Increased competition from fintech companies
- Economic downturn
- Regulatory changes
- Credit risk
Competitors and Market Share
Key Competitors
- NYCB
- Fulton Financial Corporation (FULT)
- First Foundation Inc. (FFWM)
Competitive Landscape
ConnectOne Bancorp Inc's advantages include its local market expertise and personalized service. Disadvantages include its smaller size and limited geographic diversification compared to larger competitors.
Major Acquisitions
Mercantile Bank Holding Corp.
- Year: 2020
- Acquisition Price (USD millions): 117.3
- Strategic Rationale: Expanded presence in the New York metropolitan area.
Growth Trajectory and Initiatives
Historical Growth: Historical growth data can be derived from past financial statements.
Future Projections: Future projections are typically available from analyst reports and financial news sources.
Recent Initiatives: Recent initiatives would be discussed in company press releases and investor presentations. Examples include expanding digital offerings and strategic partnerships.
Summary
ConnectOne Bancorp Inc is a regional bank focused on commercial lending with a strong presence in the New York metropolitan area. Its strengths lie in its experienced management and local market knowledge. Weaknesses include limited geographic diversification and smaller scale. It needs to carefully manage credit risk and competitive pressures from larger institutions and fintech companies.
Similar Companies
- NYCB
- FULT
- FFWM
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Website
- Financial News Outlets
- Analyst Reports
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market share data is based on estimates and may not be precise. Financial data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ConnectOne Bancorp Inc
Exchange NASDAQ | Headquaters Englewood Cliffs, NJ, United States | ||
IPO Launch date 1996-06-24 | Chairman, President & CEO Mr. Frank S. Sorrentino III | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 489 | Website https://www.connectonebank.com |
Full time employees 489 | Website https://www.connectonebank.com | ||
ConnectOne 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 States. 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. It also provides retirement accounts, consumers and cash management services for business clients, including treasury direct, automated clearing house, remote deposit capture, and digital invoicing. In addition, the company offers consumer and commercial business loans, including lines of credit, commercial and residential mortgages, home equity and bridge loans, and other personal loans; commercial loans secured by collateral, such as business assets comprising accounts receivable, inventory and equipment, and mortgages filed on commercial and residential real estate, as well as cash balances and marketable securities. Further, the company provides real estate loans, which includes loans secured by first liens on completed commercial properties, including multi-family properties, to purchase or refinance properties; residential mortgages, such as loans secured by first liens on 1-4 family and condominium; and cooperative residential real estate loans. The company was formerly known as Center Bancorp, Inc. and changed its name to ConnectOne Bancorp, Inc. in July 2014. ConnectOne Bancorp, Inc. was incorporated in 1982 and is headquartered in Englewood Cliffs, New Jersey.
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