26.92 USD
+0.04 (+0.15%)
26.92 USD
0 (0%)
Taking everything into account, CNOB scores 4 out of 10 in our fundamental rating. CNOB was compared to 388 industry peers in the Banks industry. CNOB has a bad profitability rating. Also its financial health evaluation is rather negative. CNOB is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year CNOB was profitable.
In the past year CNOB had a positive cash flow from operations.
Each year in the past 5 years CNOB has been profitable.
In the past 5 years CNOB always reported a positive cash flow from operatings.
1.2 Ratios
CNOB's Return On Assets of 0.39% is on the low side compared to the rest of the industry. CNOB is outperformed by 82.73% of its industry peers.
CNOB's Return On Equity of 3.58% is on the low side compared to the rest of the industry. CNOB is outperformed by 83.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 3.58% | ||
| ROIC | N/A |
ROA(3y)0.91%
ROA(5y)1.05%
ROE(3y)7.4%
ROE(5y)8.27%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CNOB's Profit Margin of 16.02% is on the low side compared to the rest of the industry. CNOB is outperformed by 74.48% of its industry peers.
In the last couple of years the Profit Margin of CNOB has declined.
The Operating Margin and Gross Margin are not available for CNOB so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 16.02% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-17.79%
PM growth 5Y-7.42%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CNOB does not have a ROIC to compare to the WACC, probably because it is not profitable.
CNOB has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CNOB has been increased compared to 5 years ago.
The debt/assets ratio for CNOB is higher compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of CNOB is 2.38, which is a good value as it means it would take CNOB, 2.38 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CNOB (2.38) is comparable to the rest of the industry.
CNOB has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
CNOB has a Debt to Equity ratio of 0.13. This is comparable to the rest of the industry: CNOB outperforms 59.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 2.38 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.59%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 29.55% over the past year.
The Earnings Per Share has been decreasing by -4.32% on average over the past years.
The Revenue has grown by 31.54% in the past year. This is a very strong growth!
CNOB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.33% yearly.
EPS 1Y (TTM)29.55%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%62.79%
Revenue 1Y (TTM)31.54%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%64.15%
3.2 Future
The Earnings Per Share is expected to grow by 26.72% on average over the next years. This is a very strong growth
Based on estimates for the next years, CNOB will show a very strong growth in Revenue. The Revenue will grow by 27.48% on average per year.
EPS Next Y38.61%
EPS Next 2Y34.88%
EPS Next 3Y26.72%
EPS Next 5YN/A
Revenue Next Year46.11%
Revenue Next 2Y38.78%
Revenue Next 3Y27.48%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CNOB is valuated reasonably with a Price/Earnings ratio of 11.81.
61.34% of the companies in the same industry are more expensive than CNOB, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CNOB to the average of the S&P500 Index (26.59), we can say CNOB is valued rather cheaply.
CNOB is valuated reasonably with a Price/Forward Earnings ratio of 8.13.
Based on the Price/Forward Earnings ratio, CNOB is valued cheaply inside the industry as 88.66% of the companies are valued more expensively.
CNOB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.03.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.81 | ||
| Fwd PE | 8.13 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CNOB is valued a bit more expensive than the industry average as 65.46% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.94 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CNOB's earnings are expected to grow with 26.72% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y34.88%
EPS Next 3Y26.72%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.56%, CNOB has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.74, CNOB has a dividend in line with its industry peers.
CNOB's Dividend Yield is a higher than the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.56% |
5.2 History
The dividend of CNOB is nicely growing with an annual growth rate of 19.08%!
CNOB has been paying a dividend for at least 10 years, so it has a reliable track record.
CNOB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)19.08%
Div Incr Years6
Div Non Decr Years14
5.3 Sustainability
CNOB pays out 65.04% of its income as dividend. This is not a sustainable payout ratio.
CNOB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP65.04%
EPS Next 2Y34.88%
EPS Next 3Y26.72%
26.92
+0.04 (+0.15%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners73.9%
Inst Owner Change2.5%
Ins Owners3.41%
Ins Owner Change0.08%
Market Cap1.35B
Revenue(TTM)344.16M
Net Income(TTM)55.12M
Analysts85.45
Price Target30.8 (14.41%)
Short Float %3.62%
Short Ratio6.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.56% |
Yearly Dividend0.87
Dividend Growth(5Y)19.08%
DP65.04%
Div Incr Years6
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.38%
Min EPS beat(2)-1.24%
Max EPS beat(2)2.01%
EPS beat(4)3
Avg EPS beat(4)6.89%
Min EPS beat(4)-1.24%
Max EPS beat(4)18.1%
EPS beat(8)5
Avg EPS beat(8)3.61%
EPS beat(12)7
Avg EPS beat(12)1.35%
EPS beat(16)9
Avg EPS beat(16)0.21%
Revenue beat(2)1
Avg Revenue beat(2)-2.95%
Min Revenue beat(2)-9.25%
Max Revenue beat(2)3.36%
Revenue beat(4)1
Avg Revenue beat(4)-2.84%
Min Revenue beat(4)-9.25%
Max Revenue beat(4)3.36%
Revenue beat(8)1
Avg Revenue beat(8)-3.41%
Revenue beat(12)1
Avg Revenue beat(12)-3.79%
Revenue beat(16)5
Avg Revenue beat(16)-1.86%
PT rev (1m)2.81%
PT rev (3m)3.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.73%
EPS NY rev (1m)-0.37%
EPS NY rev (3m)0.71%
Revenue NQ rev (1m)-1.4%
Revenue NQ rev (3m)-1.61%
Revenue NY rev (1m)-1.67%
Revenue NY rev (3m)-1.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.81 | ||
| Fwd PE | 8.13 | ||
| P/S | 3.93 | ||
| P/FCF | 15.94 | ||
| P/OCF | 14.88 | ||
| P/B | 0.88 | ||
| P/tB | 1.07 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.28
EY8.47%
EPS(NY)3.31
Fwd EY12.3%
FCF(TTM)1.69
FCFY6.27%
OCF(TTM)1.81
OCFY6.72%
SpS6.85
BVpS30.6
TBVpS25.06
PEG (NY)0.31
PEG (5Y)N/A
Graham Number39.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 3.58% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 16.02% | ||
| GM | N/A | ||
| FCFM | 24.67% |
ROA(3y)0.91%
ROA(5y)1.05%
ROE(3y)7.4%
ROE(5y)8.27%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-17.79%
PM growth 5Y-7.42%
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 2.38 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 57.98% | ||
| Cap/Sales | 1.76% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 154.01% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score3
WACC14.59%
ROIC/WACCN/A
Cap/Depr(3y)83.7%
Cap/Depr(5y)66.34%
Cap/Sales(3y)1.75%
Cap/Sales(5y)1.42%
Profit Quality(3y)111.87%
Profit Quality(5y)120.48%
High Growth Momentum
Growth
EPS 1Y (TTM)29.55%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%62.79%
EPS Next Y38.61%
EPS Next 2Y34.88%
EPS Next 3Y26.72%
EPS Next 5YN/A
Revenue 1Y (TTM)31.54%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%64.15%
Revenue Next Year46.11%
Revenue Next 2Y38.78%
Revenue Next 3Y27.48%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-40.05%
FCF growth 3Y-34.17%
FCF growth 5Y-0.79%
OCF growth 1Y-37.93%
OCF growth 3Y-33.05%
OCF growth 5Y0%
CONNECTONE BANCORP INC / CNOB FAQ
What is the ChartMill fundamental rating of CONNECTONE BANCORP INC (CNOB) stock?
ChartMill assigns a fundamental rating of 4 / 10 to CNOB.
What is the valuation status of CONNECTONE BANCORP INC (CNOB) stock?
ChartMill assigns a valuation rating of 6 / 10 to CONNECTONE BANCORP INC (CNOB). This can be considered as Fairly Valued.
What is the profitability of CNOB stock?
CONNECTONE BANCORP INC (CNOB) has a profitability rating of 2 / 10.
What are the PE and PB ratios of CONNECTONE BANCORP INC (CNOB) stock?
The Price/Earnings (PE) ratio for CONNECTONE BANCORP INC (CNOB) is 11.81 and the Price/Book (PB) ratio is 0.88.
How sustainable is the dividend of CONNECTONE BANCORP INC (CNOB) stock?
The dividend rating of CONNECTONE BANCORP INC (CNOB) is 6 / 10 and the dividend payout ratio is 65.04%.