connectone bank is built on a history of connecting to our clients’ needs. we understand that “little things matter” and focus on those things when providing creative financial products and customize solutions to help our clients achieve financial prosperity for themselves, their family and their business. our ultimate goal is to create life-long partnerships with our clients by making sure that each day connectone bank focuses on a singular objective...to be “a better place to be” for our clients, our communities, our employees and our shareholders. connectone bank is an equal housing and equal opportunity lender, and a member of the federal deposit insurance corporation. for more information, call 201-816-8900, go online and visit our website at www.connectonebank.com.
![ConnectOne Bancorp logo](/files/LOGO/712771-CNOB.png)
Company profile
Ticker
CNOB, CNOBP
Exchange
Website
CEO
Frank Sorrentino
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CENTER BANCORP INC
SEC CIK
Corporate docs
Subsidiaries
Union Investment Co. • Center Financial Group, LLC • Center Advertising, Inc. • Morris Property Company, LLC • Twin Bridge Investment Co. • Volosin Holdings, LLC • ConnectOne Preferred Funding Corp. • NJCB Spec-1, LLC • BoeFly, Inc. • BONJ Special Properties, LLC ...
IRS number
521273725
CNOB stock data
Latest filings (excl ownership)
8-K
Connectone Bancorp, Inc. Reports Declares Common and Preferred Dividends
25 Jul 24
8-K
Connectone Bancorp, Inc. to Host 2024 Second Quarter
11 Jul 24
8-K
ConnectOne Bancorp, Inc. Adds Veteran Banking and Financial Services Consultant Susan O’Donnell to Board of Directors
11 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
22 May 24
10-Q
2024 Q1
Quarterly report
3 May 24
8-K
Connectone Bancorp, Inc. Reports Declares Preferred and Increased Common Dividends
25 Apr 24
DEFA14A
Additional proxy soliciting materials
11 Apr 24
DEF 14A
Definitive proxy
11 Apr 24
8-K
Connectone Bancorp, Inc. to Host 2024 First Quarter
11 Apr 24
10-K
2023 FY
Annual report
23 Feb 24
Transcripts
CNOB
Earnings call transcript
2024 Q2
25 Jul 24
CNOB
Earnings call transcript
2024 Q1
25 Apr 24
CNOB
Earnings call transcript
2023 Q4
25 Jan 24
CNOB
Earnings call transcript
2023 Q3
26 Oct 23
CNOB
Earnings call transcript
2023 Q2
27 Jul 23
CNOB
Earnings call transcript
2023 Q1
27 Apr 23
CNOB
Earnings call transcript
2022 Q4
27 Jan 23
CNOB
Earnings call transcript
2022 Q3
30 Oct 22
CNOB
Earnings call transcript
2022 Q2
30 Jul 22
CNOB
Earnings call transcript
2022 Q1
28 Apr 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 277.58 mm | 277.58 mm | 277.58 mm | 277.58 mm | 277.58 mm | 277.58 mm |
Cash burn (monthly) | (no burn) | 23.74 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 91.77 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 185.81 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 7.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
3.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 48 |
Opened positions | 11 |
Closed positions | 66 |
Increased positions | 10 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 22.74 bn |
Total shares | 1.41 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BK Bank Of New York Mellon | 213.75 k | $4.17 bn |
State of New Jersey Common Pension Fund D | 140.18 k | $2.73 bn |
Empowered Funds | 120.64 k | $2.35 bn |
LSV Asset Management | 97.30 k | $1.90 mm |
John W. Rosenthal Capital Management | 86.01 k | $1.68 bn |
HNNA Hennessy Advisors | 85.00 k | $1.66 bn |
Swiss National Bank | 72.90 k | $1.42 bn |
Salzhauer Michael | 65.66 k | $1.28 bn |
Janney Montgomery Scott | 62.84 k | $1.23 mm |
Victory Capital Management | 48.80 k | $951.60 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Jun 24 | Baier Frank W | Common Stock | Grant | Acquire A | No | No | 0 | 3,219 | 0.00 | 105,101 |
3 Jun 24 | Huttle Frank III | Common Stock | Grant | Acquire A | No | No | 0 | 3,219 | 0.00 | 86,384 |
3 Jun 24 | Kempner Michael W | Common Stock | Grant | Acquire A | No | No | 0 | 3,219 | 0.00 | 279,557 |
3 Jun 24 | Minoia Nicholas | Common Stock | Grant | Acquire A | No | No | 0 | 3,219 | 0.00 | 65,581.251 |
3 Jun 24 | Anson M. Moise | Common Stock | Grant | Acquire A | No | No | 0 | 3,219 | 0.00 | 10,998 |
News
Piper Sandler Maintains Overweight on ConnectOne Bancorp, Raises Price Target to $25
26 Jul 24
Keefe, Bruyette & Woods Reiterates Market Perform on ConnectOne Bancorp, Raises Price Target to $26
26 Jul 24
ConnectOne Bancorp Q2 2024 GAAP EPS $0.46 Beats $0.41 Estimate, Sales $61.439M Miss $61.470M Estimate
25 Jul 24
Keefe, Bruyette & Woods Downgrades ConnectOne Bancorp to Market Perform, Lowers Price Target to $22
31 May 24