CONNECTONE BANCORP, INC.
In the published model solve dated 2026-Q2, anchored at $32.31, CONNECTONE BANCORP, INC. (CNOB) is priced for 10.4% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• ConnectOne is a commercial lender built on referrals and speed rather than branch density, and its 10-K is blunt about the resulting shape of the book: ⟦"Our loan portfolio is made up largely of commercial real estate loans."⟧ • The acquisition of First of Long Island, closed June 1, 2025, reset the bank's scale and its earnings in the same year, and the return on equity it is generating on a trailing basis, about 5.1%, is roughly half of what today's price assumes it holds. • Second-quarter r
Is CNOB overvalued? See what's priced in →
205 institutional managers reported holding CNOB in 13F filings for the quarter ended 2026-03-31. Together they hold about 75% of the company; the top 10 hold 44%. 26 opened new positions that quarter. Held by BlackRock, Wellington Management, Vanguard Group, among others. On the short side, 1.6M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CNOB's share count grew 26.4% over the past five years even with $45.83M spent on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting), raised 2 years straight; the current rate is $0.72 a share annually. Cash returned over the past three years: $81.48M in dividends and $16.63M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CNOB over the trailing three years: 2023: 2 buys totaling $192k; 2025: 3 buys totaling $231k; 2026: 2 buys totaling $36k. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CNOB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | +1.7% | -15.6% |
| 2023-11-04 | +8.1% | +23.9% |
| 2024-02-24 | +5.2% | -9.4% |
| 2024-05-04 | -7.3% | -6.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CNOB's latest 8-K filings: 2026-07-28 (items 8.01, 9.01); 2026-07-23 (items 2.02, 9.01); 2026-07-09 (items 8.01, 9.01); 2026-05-20 (items 5.02, 5.07); 2026-04-23 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.