ConnectOne Bancorp Inc (NASDAQ: CNOB) stock enjoyed a major increase of 14.9% on 11/6/24. The shares closed at $28.60. Moreover, this advance was accompanied by exceptionally high trading volume at 351% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 16.4% 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 rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. ConnectOne Bancorp has a good Appreciation Score of 82 and a very high Power Rating of 96, producing the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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