CNOB ConnectOne Bancorp, Inc.

ConnectOne Bancorp, Inc. is a holding company, which engages in the ownership and operation of ConnectOne Bank. It offers personal and commercial business loans on a secured and unsecured basis, revolving lines of credit, commercial mortgage loans, and residential mortgages. The company was founded on November 12, 1982 and is headquartered in Englewood Cliffs, NJ.

Company profile

Ticker

CNOB

Exchange

NASDAQ

Website

www.connectonebank.com

CEO

Frank S. Sorrentino

Incorporated in

New Jersey

Location

New Jersey

Fiscal year end

Dec 31

Sector

Finance > Regional Banks

Industry (SEC)

State Commercial Banks

Bank Of New York Mellon • Citizens Financial • Northern Trust • M&T Bank • State Street • Ally Financial • Popular • First Citizens BancShares • East West Bancorp • Commerce Bancshares ...

Former names

Center Bancorp Inc

SEC CIK

0000712771

Corporate docs

Articles of Incorporation & Bylaws

IRS number

521273725

CNOB stock data

S&P 500

1M 1Y 2Y 5Y

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

8 May 20

5 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart CNOB financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	76.71M	68.01M	70.39M	67.88M
Net income	6.03M	20.78M	21.7M	19.28M
Diluted EPS	0.15	0.59	0.61	0.54
Net profit margin	7.86%	30.56%	30.82%	28.41%
Net change in cash	81.33M	7.47M	8.36M	13.1M
Cash on hand	282.81M	201.48M	194.01M	185.65M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	271.48M	216.13M	181.32M	161.24M
Net income	73.4M	60.35M	43.22M	31.08M
Diluted EPS	2.07	1.86	1.34	1.01
Net profit margin	27.03%	27.92%	23.84%	19.28%
Net change in cash	29.12M	22.78M	-50.82M	-496K
Cash on hand	201.48M	172.37M	149.58M	200.4M

Financial data from company earnings reports

Recent insider trades

CNOB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
16 Jun 20	Huttle Frank III	Common Stock	Sell	Dispose S	No	15.5492	80,000	1.24M	78,724
2 Jun 20	Bol Alexander	Common Stock	Grant	Aquire A	No	0	4,379	0	135,515.55
2 Jun 20	Thompson William	Common Stock	Grant	Aquire A	No	0	4,379	0	85,539.991
2 Jun 20	Huttle Frank III	Common Stock	Grant	Aquire A	No	0	4,379	0	73,818
2 Jun 20	Baier Frank W	Common Stock	Grant	Aquire A	No	0	4,379	0	94,113

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

CNOB institutional ownership history Ownership history

56.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	110	126	-12.7%
Opened positions	9	17	-47.1%
Closed positions	25	11	+127.3%
Increased positions	45	43	+4.7%
Reduced positions	39	43	-9.3%

13F shares	Current	Prev Q	Change
Total value	2.05B	1.66B	+23.2%
Total shares	22.47M	21.42M	+4.9%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK BlackRock	2.55M	$34.29M	+0.9%
FMR	2.36M	$31.71M	+46.1%
Dimensional Fund Advisors	2.28M	$30.64M	-2.6%
Vanguard	1.66M	$22.27M	+3.3%
GS The Goldman Sachs Group, Inc.	1.48M	$19.95M	-6.2%
Renaissance Technologies	934.93K	$12.57M	-6.9%
Endeavour Capital Advisors	867.25K	$11.66M	+9.0%
Castine Capital Management	806.55K	$10.84M	+245.5%
STT State Street	756.57K	$10.17M	-0.2%
JPM JPMorgan Chase & Co.	615.43K	$8.27M	+70.6%

Largest transactions	Shares	Bought/sold	Change
FMR	2.36M	+743.91K	+46.1%
Castine Capital Management	806.55K	+573.1K	+245.5%
Peregrine Capital Management	0	-298.91K	EXIT
JPM JPMorgan Chase & Co.	615.43K	+254.62K	+70.6%
Southside Capital	0	-234.19K	EXIT
Rothschild & Co Asset Management Us	482.21K	+183.71K	+61.5%
Alliancebernstein	373.61K	+182.98K	+96.0%
Stieven Capital Advisors	371.61K	+168K	+82.5%
Hillsdale Investment Management	39.2K	-143.65K	-78.6%
Seidman Lawrence B	129.33K	+129.33K	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Bad

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From filing 10-Q 2020 Q1