Connectone Bancorp Intrinsic Value Calculation – Voya Investment Management LLC Trims ConnectOne Bancorp Holdings by 2.0%
June 29, 2023
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CONNECTONE ($NASDAQ:CNOB): Voya Investment Management LLC recently made a noteworthy adjustment to their portfolio, reducing their holding in ConnectOne Bancorp, Inc. by 2.0% in the fourth quarter.
Analysis – Connectone Bancorp Intrinsic Value Calculation
GoodWhale has conducted a thorough analysis of CONNECTONE BANCORP‘s fundamentals, and have determined that the intrinsic value of the CONNECTONE BANCORP share is approximately $27.4. This number was determined by our proprietary Valuation Line. Currently, the stock is trading at $17.0, meaning that it is undervalued by 37.9%. As such, GoodWhale believes that this is a great opportunity for investors to capitalize on and purchase shares for a price lower than the actual value. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Connectone Bancorp. More…
| Total Revenues | Net Income | Net Margin |
| – | 112.52 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Connectone Bancorp. More…
| Operations | Investing | Financing |
| 176.78 | -1.54k | 1.37k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Connectone Bancorp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.96k | 8.77k | – |
Key Ratios Snapshot
Some of the financial key ratios for Connectone Bancorp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.5% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
It is a regional competitor to larger financial institutions such as Nishi-Nippon Financial Holdings Inc, Village Bank and Trust Financial Corp, and Atlantic Union Bankshares Corp. These companies are all involved in providing banking and financial services to their respective customers.
– Nishi-Nippon Financial Holdings Inc ($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, Inc. is a leading financial institution in the United States. The company recently saw a 2.0% decrease in its holdings by Voya Investment Management LLC during the fourth quarter. This suggests that investors may be reevaluating their positions in the company. Analysts are keeping an eye on ConnectOne Bancorp and its performance to determine whether it is still a suitable investment for their portfolios. Investors should monitor the company’s financials, keeping an eye on key metrics such as revenue, liquidity, and profitability.
Additionally, they should consider factors such as management quality, competitive landscape, and industry trends when making their investment decisions.
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