CNOB Should I Buy
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ConnectOne Bancorp Inc (CNOB) does not present a strong buy opportunity at this time for a beginner, long-term investor with $50,000-$100,000 available. The technical indicators are mixed, with no clear upward momentum, and options data suggests bearish sentiment. While the company has shown impressive financial growth in the latest quarter, the lack of recent positive news, weak trading trends, and no significant catalysts make it prudent to hold off on buying this stock currently.
The MACD is negative and expanding downward, indicating bearish momentum. RSI is neutral at 43.582, and while moving averages are bullish (SMA_5 > SMA_20 > SMA_200), the stock is trading near its pivot level of 27.572 with limited upside potential based on resistance levels (R1: 28.553, R2: 29.16).
Strong financial performance in 2025/Q4, with revenue up 65.96% YoY, net income up 102.09% YoY, and EPS up 53.06% YoY. Analysts have raised the price target to $32, maintaining an Outperform rating.
No recent news or significant trading trends from hedge funds or insiders. Congress trading data is absent. The stock has a 30% chance of declining in the short term (-0.95% in the next day, -1.45% in the next week, -7.84% in the next month).
In 2025/Q4, revenue increased by 65.96% YoY to $104.3M, net income rose by 102.09% YoY to $38M, and EPS grew by 53.06% YoY to 0.75. These figures indicate strong growth, but gross margin remains at 0%.
Keefe Bruyette raised the price target to $32 from $30 and maintained an Outperform rating, reflecting optimism about the stock's long-term potential.
