CNOBP Overview

Stock Performance: ConnectOne Bancorp Inc's Dep Shares (CNOBP) are up approximately 0.5% while the common shares (CNOB) are down about 0.1% in Friday trading.

Dividend History: A chart detailing the historical dividend payments for ConnectOne Bancorp Inc's Dep Shares 5.25% Reset Rate Non-Cumul Preferred Stock Ser A is provided.

Comparison Chart: A chart comparing the one-year performance of CNOBP shares against CNOB shares is included.

Author's Opinion Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.

Stock Performance: ConnectOne Bancorp Inc's Dep Shares (CNOBP) are down 1.4% while the common shares (CNOB) have decreased by 1.6% in Thursday trading.

Dividend History: A chart detailing the historical dividend payments for CNOBP, which features a 5.25% Reset Rate Non-Cumulative Preferred Stock Series A, is provided.

Financial Performance: ConnectOne Bancorp reported a strong Q4 2024 with a 21% sequential increase in net income, driven by improved net interest margins and core deposit growth. The company anticipates further margin expansion to 2.90% in Q1 2025, bolstered by its upcoming merger with First National Bank of Long Island.

Merger Outlook and Analyst Sentiment: Management expressed confidence in the merger's potential to enhance profitability and market presence, projecting significant operational efficiencies and revenue synergies. Analysts remain cautiously optimistic, focusing on credit quality and integration risks while acknowledging the company's strategic positioning for growth.

Dividend Declaration: ConnectOne Bancorp, Inc. has declared a quarterly dividend of $0.3281 per share, consistent with previous dividends, with a forward yield of 6.21%. The dividend is payable on December 2 for shareholders of record on November 15, with an ex-dividend date also on November 15.

Investment Insight: Despite the declared dividend, ConnectOne Bancorp's preferred shares are noted as not offering an attractive yield based on historical earnings data and dividend scorecard analysis.