Connectone Bancorp Intrinsic Stock Value – ConnectOne Bancorp Stock Price Surpasses 50-Day Moving Average of $15.32

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CONNECTONE ($NASDAQ:CNOB): ConnectOne Bancorp, Inc. (CNOB) has seen a surge in its stock price during Wednesday’s trading session, surpassing its fifty-day moving average of $15.32. The financial services company is headquartered in Englewood Cliffs, New Jersey and operates through its banking subsidiary, ConnectOne Bank. The bank is a community-based, full-service financial institution that provides retail and commercial banking services to businesses, non-profits, and individuals in the counties of Bergen, Hudson, Union and Morris in New Jersey, as well as Rockland County, New York. ConnectOne Bank offers a range of products and services including checking accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, lines of credit, real estate financing, and other services such as online banking and mobile banking. For businesses, the bank offers loans, lines of credit, and services such as cash management, remote deposit capture, merchant services, and more. ConnectOne Bank is committed to providing customers with excellent service and products that support their financial goals. The recent surge in ConnectOne Bancorp’s stock price is a positive sign for the company and its shareholders. This could indicate that investors are bullish on the company’s prospects going forward.

In addition, the strong stock performance could be an indication that the bank’s strategy of providing excellent customer service and high quality products is resonating with customers and investors alike.

Market Price

On Friday, CONNECTONE BANCORP stock closed at $16.2, surpassing its 50-day moving average of $15.32. This marks a 1.5% increase from its prior closing price of $16.0. It is promising to see CONNECTONE BANCORP stock price surpass its 50-day moving average, and this could be indicative of a positive trend for the company’s stock performance. Investors may want to keep an eye on the stock to see if it will continue to climb in value.

The positive growth of CONNECTONE BANCORP stock could be beneficial to the company as well as investors. It is likely that the stock will continue to be watched closely in the coming days, as investors look for insight into the future of the company’s stock performance. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Connectone Bancorp. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Connectone Bancorp. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Connectone Bancorp. More…

Key Ratios Snapshot

Some of the financial key ratios for Connectone Bancorp are shown below. More…

Analysis – Connectone Bancorp Intrinsic Stock Value

At GoodWhale, we conduct an in-depth analysis of a company’s fundamentals to determine its fair value. After reviewing CONNECTONE BANCORP‘s fundamentals, we have found that its fair value is around $27.2, calculated by our proprietary Valuation Line. Currently, the stock is trading at $16.2, which is undervalued by 40.5%. This indicates a potential for investors seeking long-term gains. More…

Peers

It is a regional competitor to larger financial institutions such as Nishi-Nippon Financial Holdings Inc, Village Bank and Trust Financial Corp, and Atlantic Union Bankshares Corp. These companies are all involved in providing banking and financial services to their respective customers.

– Nishi-Nippon Financial Holdings Inc ($TSE:7189)

Nishi-Nippon Financial Holdings Inc is a holding company based in Japan with a market cap of 154.96B as of 2023. It operates a range of financial services including banking, asset management, insurance, and securities brokerage. The company is listed on the Tokyo Stock Exchange and has over 20 subsidiaries in Japan and other countries such as Thailand and China. Nishi-Nippon Financial Holdings Inc also has a presence in the US, through its investment in a US-based institutional asset management firm. The company has been consistently profitable for the last few years, and its market cap reflects investors’ confidence in its ability to provide reliable and quality financial services.

– Village Bank and Trust Financial Corp ($NASDAQ:VBFC)

Village Bank and Trust Financial Corp (VBTX) is a publicly traded bank holding company with a market capitalization of 85.52M as of 2023. The bank is primarily engaged in the business of providing banking services and products to individuals, families, and small businesses in the United States. Village Bank and Trust Financial Corp’s products and services include checking and savings accounts, certificates of deposit, personal loans, mortgage loans, commercial banking, and wealth management services. They also provide online and mobile banking services. The bank operates over 15 branches located throughout the northeast region of the United States.

– Atlantic Union Bankshares Corp ($NYSE:AUB)

Union Bankshares Corp is a diversified financial holding company. Founded in 1907, the company has grown to become one of the largest banking institutions in the United States. As of 2023, the company’s market cap stands at 2.85 billion, which makes it a major player in the banking industry. Union Bankshares Corp provides a wide range of banking services, including retail banking, commercial banking, mortgage lending, trust services, and wealth management. As a leader in the banking industry, Union Bankshares Corp provides customers with the financial tools they need to achieve their goals.

Summary

ConnectOne Bancorp is an attractive investment opportunity for those looking for a stable and growing stock. On Wednesday, the share price of ConnectOne Bancorp crossed above its 50-day moving average of $15.32, indicating to investors that the stock is on an upward trend. Analysts expect ConnectOne Bancorp to continue to rise in value, as the company has a strong track record of financial performance and stability.

Investors are also encouraged by the company’s growing dividend payout rate in recent years, which suggests that ConnectOne is financially healthier than ever before. With all these factors considered, it is no surprise that investors have jumped at the chance to purchase shares in ConnectOne Bancorp.