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CONNECTONE BANCORP INC (CNOB) Stock Fundamental Analysis

NASDAQ:CNOB - Nasdaq - US20786W1071 - Common Stock - Currency: USD

25.22  -0.68 (-2.63%)

After market: 25.22 0 (0%)

Fundamental Rating

4

Overall CNOB gets a fundamental rating of 4 out of 10. We evaluated CNOB against 405 industry peers in the Banks industry. CNOB has a bad profitability rating. Also its financial health evaluation is rather negative. CNOB has a decent growth rate and is not valued too expensively. CNOB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

CNOB had positive earnings in the past year.
In the past year CNOB had a positive cash flow from operations.
Of the past 5 years CNOB 4 years were profitable.
CNOB had a positive operating cash flow in 4 of the past 5 years.
CNOB Yearly Net Income VS EBIT VS OCF VS FCFCNOB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

1.2 Ratios

CNOB has a Return On Assets (0.69%) which is in line with its industry peers.
The Return On Equity of CNOB (5.36%) is worse than 71.93% of its industry peers.
Industry RankSector Rank
ROA 0.69%
ROE 5.36%
ROIC N/A
ROA(3y)1.21%
ROA(5y)1.15%
ROE(3y)9.39%
ROE(5y)9.18%
ROIC(3y)N/A
ROIC(5y)N/A
CNOB Yearly ROA, ROE, ROICCNOB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

CNOB's Profit Margin of 25.41% is fine compared to the rest of the industry. CNOB outperforms 65.41% 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 RankSector Rank
OM N/A
PM (TTM) 25.41%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y2.22%
PM growth 5Y-4.08%
GM growth 3YN/A
GM growth 5YN/A
CNOB Yearly Profit, Operating, Gross MarginsCNOB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30 40

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3

2. Health

2.1 Basic Checks

CNOB does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for CNOB. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
CNOB Yearly Shares OutstandingCNOB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
CNOB Yearly Total Debt VS Total AssetsCNOB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

The Debt to FCF ratio of CNOB is 1.54, which is an excellent value as it means it would take CNOB, only 1.54 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 1.54, CNOB is doing good in the industry, outperforming 66.67% of the companies in the same industry.
A Debt/Equity ratio of 0.06 indicates that CNOB is not too dependend on debt financing.
CNOB's Debt to Equity ratio of 0.06 is fine compared to the rest of the industry. CNOB outperforms 79.45% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.54
Altman-Z N/A
ROIC/WACCN/A
WACC13.45%
CNOB Yearly LT Debt VS Equity VS FCFCNOB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
CNOB Yearly Current Assets VS Current LiabilitesCNOB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2019 2020 2021 2022 2023 5M 10M 15M

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4

3. Growth

3.1 Past

The earnings per share for CNOB have decreased strongly by -12.08% in the last year.
Measured over the past years, CNOB shows a decrease in Earnings Per Share. The EPS has been decreasing by -4.32% on average per year.
EPS 1Y (TTM)-12.08%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%13.04%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%4.67%

3.2 Future

The Earnings Per Share is expected to grow by 34.69% on average over the next years. This is a very strong growth
CNOB is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 36.01% yearly.
EPS Next Y34.88%
EPS Next 2Y34.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year40.87%
Revenue Next 2Y36.01%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
CNOB Yearly Revenue VS EstimatesCNOB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M
CNOB Yearly EPS VS EstimatesCNOB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 13.86, CNOB is valued correctly.
CNOB's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of CNOB to the average of the S&P500 Index (29.63), we can say CNOB is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.27, the valuation of CNOB can be described as reasonable.
Based on the Price/Forward Earnings ratio, CNOB is valued a bit cheaper than 68.17% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CNOB to the average of the S&P500 Index (22.68), we can say CNOB is valued rather cheaply.
Industry RankSector Rank
PE 13.86
Fwd PE 10.27
CNOB Price Earnings VS Forward Price EarningsCNOB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, CNOB is valued a bit more expensive than the industry average as 63.66% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 18.69
EV/EBITDA N/A
CNOB Per share dataCNOB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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 34.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y34.69%
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

CNOB has a Yearly Dividend Yield of 2.78%.
Compared to an average industry Dividend Yield of 3.18, CNOB has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.27, CNOB pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.78%

5.2 History

On average, the dividend of CNOB grows each year by 22.24%, which is quite nice.
CNOB has paid a dividend for at least 10 years, which is a reliable track record.
CNOB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)22.24%
Div Incr Years6
Div Non Decr Years14
CNOB Yearly Dividends per shareCNOB Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

49.56% of the earnings are spent on dividend by CNOB. This is a bit on the high side, but may be sustainable.
The dividend of CNOB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP49.56%
EPS Next 2Y34.69%
EPS Next 3YN/A
CNOB Yearly Income VS Free CF VS DividendCNOB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M
CNOB Dividend Payout.CNOB Dividend Payout, showing the Payout Ratio.CNOB Dividend Payout.PayoutRetained Earnings

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CONNECTONE BANCORP INC

NASDAQ:CNOB (2/21/2025, 8:10:24 PM)

After market: 25.22 0 (0%)

25.22

-0.68 (-2.63%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-30 2025-01-30/bmo
Earnings (Next)04-23 2025-04-23/bmo
Inst Owners72.19%
Inst Owner Change-97.35%
Ins Owners4.4%
Ins Owner Change0%
Market Cap967.69M
Analysts84
Price Target29.84 (18.32%)
Short Float %1.79%
Short Ratio3.05
Dividend
Industry RankSector Rank
Dividend Yield 2.78%
Yearly Dividend0.82
Dividend Growth(5Y)22.24%
DP49.56%
Div Incr Years6
Div Non Decr Years14
Ex-Date02-18 2025-02-18 (0.18)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.37%
Min EPS beat(2)-4.46%
Max EPS beat(2)9.2%
EPS beat(4)2
Avg EPS beat(4)0.34%
Min EPS beat(4)-4.46%
Max EPS beat(4)9.2%
EPS beat(8)4
Avg EPS beat(8)-1.42%
EPS beat(12)6
Avg EPS beat(12)-2.01%
EPS beat(16)10
Avg EPS beat(16)2.1%
Revenue beat(2)0
Avg Revenue beat(2)-4.04%
Min Revenue beat(2)-6.06%
Max Revenue beat(2)-2.01%
Revenue beat(4)0
Avg Revenue beat(4)-3.98%
Min Revenue beat(4)-6.06%
Max Revenue beat(4)-2.01%
Revenue beat(8)0
Avg Revenue beat(8)-4.27%
Revenue beat(12)4
Avg Revenue beat(12)-1.53%
Revenue beat(16)8
Avg Revenue beat(16)0.28%
PT rev (1m)0%
PT rev (3m)4.46%
EPS NQ rev (1m)-0.77%
EPS NQ rev (3m)0.78%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.39%
Revenue NQ rev (1m)-0.42%
Revenue NQ rev (3m)-2.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.31%
Valuation
Industry RankSector Rank
PE 13.86
Fwd PE 10.27
P/S 3.7
P/FCF 18.69
P/OCF 17.05
P/B 0.78
P/tB 0.94
EV/EBITDA N/A
EPS(TTM)1.82
EY7.22%
EPS(NY)2.45
Fwd EY9.73%
FCF(TTM)1.35
FCFY5.35%
OCF(TTM)1.48
OCFY5.86%
SpS6.82
BVpS32.3
TBVpS26.74
PEG (NY)0.4
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.69%
ROE 5.36%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 25.41%
GM N/A
FCFM 19.79%
ROA(3y)1.21%
ROA(5y)1.15%
ROE(3y)9.39%
ROE(5y)9.18%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y2.22%
PM growth 5Y-4.08%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.54
Debt/EBITDA N/A
Cap/Depr 87.73%
Cap/Sales 1.9%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 77.9%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score4
WACC13.45%
ROIC/WACCN/A
Cap/Depr(3y)77.44%
Cap/Depr(5y)59.6%
Cap/Sales(3y)1.6%
Cap/Sales(5y)1.29%
Profit Quality(3y)135.63%
Profit Quality(5y)119.83%
High Growth Momentum
Growth
EPS 1Y (TTM)-12.08%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%13.04%
EPS Next Y34.88%
EPS Next 2Y34.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%4.67%
Revenue Next Year40.87%
Revenue Next 2Y36.01%
Revenue Next 3YN/A
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-62.99%
FCF growth 3Y2.7%
FCF growth 5Y-0.36%
OCF growth 1Y-60.2%
OCF growth 3Y4.63%
OCF growth 5Y0.84%