CNOB is a regional bank delivering 66% year-over-year revenue growth and ranking as an industry growth leader, with three consecutive earnings beats and a forward P/E of 8.8x against a PEG of 0.19 — the growth story is real and the valuation is not stretched — but the stock has reached its technical resistance target with risk/reward now negative, offering limited room for new entry at current levels.
Thesis pillars
- Industry Leading Revenue Growth↓Deteriorating
- Three Consecutive Earnings Beats↑Improving
- Stock At Target Negative Risk Reward↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 24, 2026
ConnectOne Bancorp, Inc. (CNOB) Stock Analysis
Inst Constrain edge
Financial Services · Banks - Regional
Hold if already holding. Not a fresh buy at $32.57, but acceptable to hold if already in. Reasons: Concentration risk — Loan Portfolio: commercial real estate loans (70.3%); Analyst target reached - limited upside remaining.
ConnectOne Bancorp is a $14.0 billion-asset bank holding company operating through ConnectOne Bank, a commercial bank serving small and mid-sized businesses, professionals and individuals in the New York metropolitan area (New Jersey, New York City, Long Island, Hudson Valley)... Read more
Hold if already holding. Not a fresh buy at $32.57, but acceptable to hold if already in. Reasons: Concentration risk — Loan Portfolio: commercial real estate loans (70.3%); Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Mixed signals. Hold existing position. Score 5.4/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 90d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About ConnectOne Bancorp, Inc.
About ConnectOne Bancorp, Inc.
ConnectOne Bancorp operated $14.0 billion in assets as of December 31, 2025 through its ConnectOne Bank subsidiary, following the June 2025 acquisition of The First of Long Island Corporation, which added 36 branch offices across Nassau and Suffolk Counties and New York City. The bank's footprint spans New Jersey, New York City, Long Island and the Hudson Valley, plus a West Palm Beach, Florida office and an Orlando loan production office opened in 2025. Commercial real estate loans made up 70.3% of loans receivable at year-end 2025.
ConnectOne derives a majority of revenue from net interest income, earned on a loan book concentrated in commercial and commercial real estate lending to small and mid-sized businesses, alongside residential mortgages, home equity and consumer loans; the Bank is not and has not historically been a subprime lender. Deposit funding includes noninterest-bearing checking, money market and time deposit products, supplemented by brokered CDs placed through the IntraFi and NBID reciprocal-deposit networks for clients seeking expanded FDIC coverage. BoeFly, the Bank's fintech subsidiary based in Boston and New York, operates a marketplace connecting franchise borrowers with a network of partner lenders. The Bank's legal lending limit to a single borrower is 15% of its capital base for most loans ($237.9 million) and 25% for loans secured by readily marketable collateral ($396.5 million); its largest committed relationship stood at $223.0 million as of December 31, 2025. The FLIC merger increased ConnectOne's headcount by approximately 28%.
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ConnectOne's own risk factors describe a significant concentration in commercial real estate: $8.1 billion of CRE loans, including construction and multifamily, represented 70.3% of loans receivable and 434% of the Bank's Tier 1 capital plus allowance for credit losses at year-end 2025, a ratio regulators monitor closely under interagency CRE concentration guidance. Within that book, the Bank also carries a significant multifamily loan portfolio concentrated in New York State, where 2019 rent-stabilization legislation and further tenant-protection proposals from New York City's administration could impair collateral values or the net operating income supporting those loans, a state-specific legislative exposure layered on top of the broader CRE concentration.
See also: Financial Services · Banks - Regional
From ConnectOne Bancorp, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-10-29Recent Developments — ConnectOne Bancorp, Inc.
Latest news
- NEWS CNOB (ConnectOne) Q4 2025 earnings top estimates on 43.2 percent year-over-year revenue jump, shares edge higher. - Expe — Cổng thông tin điện tử Tỉnh Sơn La positive
- NEWS ConnectOne Bancorp earnings up next: Merger integration in focus By Investing.com - Investing.com Australia — Investing.com Australia positive
- NEWS ConnectOne Bancorp (CNOB) Slips 0.96% to $29.77, Holding Mid-Range Above $28.28 Support - IPO Entry Watch - https://www. — https://www.siam.in/ neutral
- NEWS ConnectOne Bancorp Inc (CNOB) Stock Up 4.3% but GF Value Says Ov - GuruFocus — GuruFocus positive
- NEWS ConnectOne Bancorp stock (US20786W1071): Why does its business model matter more now for regional ba - AD HOC NEWS — AD HOC NEWS positive
Generated 2026-10-29T11:20:25Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHloan_portfoliocommercial real estate loans70%10-K Item 1A: 'As of December 31, 2025, we had $8.1 billion of commercial real estate loans (nonowner-occupied, owner-occupied, multifamily and land), including construction loans, which represented 70.3% of loans receivable.'
- MEDIUMGeographicNew York multifamily loans10-K Item 1A: 'We have a significant portfolio of loans secured by multifamily properties located in New York.'
Material Events(8-K, last 90d)
- 2026-05-20Item 5.02LOWAt the annual reorganizational board meeting, Elizabeth Magennis (previously EVP and President of the Bank) was appointed President of the holding company as well, while continuing as Bank President; Chairman and CEO Frank Sorrentino continues unchanged in his roles. Routine officer title expansion, not a departure.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Revenue shrinking — -15.6% YoY. Growth thesis broken unless recovery story develops.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $32.57, but acceptable to hold if already in. Reasons: Concentration risk — Loan Portfolio: commercial real estate loans (70.3%); Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Mixed signals. Hold existing position. Analyst target $32.54 reached (−0.1%), stop $30.93 (−5.3%), A.R:R -0.0:1. Score 5.4/10, moderate confidence.
Analyst target $32.54 reached (−0.1% from $32.57); no take-profit level is published. Analyst target $32.54 reached (−0.1%), stop $30.93 (−5.3%), A.R:R -0.0:1. Stop-loss: $30.93.
Concentration risk — Loan Portfolio: commercial real estate loans (70.3%); Analyst target reached - limited upside remaining; Near 52-week high (4.6% away).
ConnectOne Bancorp, Inc. trades at a P/E of 11.2 (forward 8.7). TrendMatrix value score: 8.0/10. Verdict: Hold.
11 analysts cover CNOB with a consensus score of 4.1/5. Average price target: $37.
What does ConnectOne Bancorp, Inc. do?ConnectOne Bancorp is a $14.0 billion-asset bank holding company operating through ConnectOne Bank, a commercial bank...
ConnectOne Bancorp is a $14.0 billion-asset bank holding company operating through ConnectOne Bank, a commercial bank serving small and mid-sized businesses, professionals and individuals in the New York metropolitan area (New Jersey, New York City, Long Island, Hudson Valley) and a growing Florida market. The bank's loan book is heavily weighted toward commercial real estate, which made up 70.3% of loans receivable as of December 31, 2025, and the company completed its acquisition of The First of Long Island Corporation in June 2025, adding 36 Long Island and NYC branches.