Stock Rating Upgrade
During the last several trading days the Value Trend Rating for ConnectOne Bancorp Inc (NASDAQ: CNOB) rose significantly from C to A reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 9/13/24, ConnectOne Bancorp Inc (NASDAQ: CNOB) stock increased 1.8%, closing at $24.69. However, this advance was accompanied by unusually low trading volume at 65% of normal. The stock has performed in line with the market over the last nine months and has declined -1.2% during the last week.
Current PriceTarget Research Rating
CNOB is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
ConnectOne Bancorp has a current Value Trend Rating of A (Highest Rating). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. ConnectOne Bancorp has a slightly positive Power Rating of 68 and a good Appreciation Score of 82, and the Highest Value Trend Rating results.
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