Why is CNOB up?
Up 6% on Oct 22, and still 4% over its Oct 21 close.
- Its Oct 22 results:
CNOB's Quality Score rose 2 points on Mon, Nov 2, to 12. Buying reached its highest in 20 days (3 chart checks started).
We do the work for you. Every stock is scored and ranked, every 15 seconds while the market is open. Here it's 15 minutes behind. Pro members see it live.
Up 6% on Oct 22, and still 4% over its Oct 21 close.
| The chart | Above every average |
| Latest filing | 8-K, Oct 22 |
Fri Nov 13: Ex-dividend, $0.195 a shareAt the open. Pays Dec 1.
After its last 4 reports it closed +1.0% on average, higher 2 of 4 times.
Above Averagefor quality, not price, 7 of 14 chart checks firingWhat the Quality Score means
Well above its recent run. CNOB scores 12 today, against a median of 8 over its last 20 recorded sessions.
CNOB is #33 of 167 by Quality Score.
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Expected to report Thu Jan 28, before the open (in 87 days). Expected.
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
A profit of $0.59 a share.
“The decrease in net income available to common stockholders and diluted earnings per share for the third quarter of 2026, compared to the second quarter of 2026, was primarily due to the $23.0 million pretax restructuring charge related to the above-mentioned balance sheet repositioning.”
CNOB's results filing gives no sales by line in a table we read.
| Measure | Figure |
|---|---|
| Effective tax rate | 27.5% |
“The decrease in income tax expense and the effective tax rate for the third quarter of 2026 was primarily due to lower taxable income resulting from the loss on loans held-for-sale related to the balance sheet restructuring.”
From its results filing (SEC filing · Oct 22)
| Reported | Gap | Reaction | 5 sessions |
|---|---|---|---|
| Oct 22, 2026 | 0.0% | +6.3% | +5.5% |
| Jul 23, 2026 | -7.0% | -4.8% | -0.6% |
| Apr 23, 2026 | +0.6% | +3.3% | +3.7% |
Its dividends come to 31% of its free cash flow.
| Dividend | $0.78 a share a year |
| Paid out | About $39.2M a year |
| Free cash flow | $128M |
| Record | Raised in the last year |
One insider bought $36K across 3 filings, and one insider sold $225K across 1 filing, in the last 6 months. The newest:
Officers and directors with a Form 4 in the last 12 months.
ConnectOne Bancorp Inc is a community-based, full-service New Jersey-chartered commercial bank. Substantially all loans are secured with various types of collateral, including business assets, consumer assets, and commercial/residential real estate. Each borrower's ability to repay its loans is dependent on the conversion of assets, cash flows generated from the borrowers' business, real estate rental, and consumer wages.
CNOB scores 12 today, which Breakaway calls Above Average. It is #33 of 167 in Banks by Quality Score, with 7 of 14 chart checks firing. Up 6% on Oct 22, and still 4% over its Oct 21 close. Shares: 19.5% more than a year ago (to Jun 30). Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
CNOB scores 12 today, which Breakaway calls Above Average (11 to 14). That is #33 of 167 in Banks by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind CNOB's 12.
One insider bought $36K across 3 filings, and one insider sold $225K across 1 filing, in the last 6 months. The newest is Elizabeth Magennis, Bank President, who sold $225K on Oct 26. Every filing, with the scored weight, for Pro members.
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