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Keefe Bruyette has lowered its price target on ConnectOne Bancorp (CNOB) to $29 from $31, maintaining an Outperform rating on the shares.

Keefe Bruyette & Woods has revised its price target for ConnectOne Bancorp (CNOB) from $31 to $29, while maintaining an "Outperform" rating on the shares. The financial services company has been experiencing mixed performance, with recent earnings reports showing both positive and negative trends. Despite the downward adjustment in the price target, Keefe Bruyette remains optimistic about the company's future prospects.

ConnectOne Bancorp reported earnings of $0.55 per share for the quarter ending in July 2025, beating the consensus estimate of $0.52 per share [1]. However, the company's stock price dropped by 1.8% the following day, indicating market uncertainty. The company's revenue for the quarter was $84.65 million, which also exceeded the consensus estimate of $72.80 million [1].

The financial health of ConnectOne Bancorp can be assessed through several key metrics. The company's revenue growth has been slightly negative over the past three years, with a one-year growth rate of 3.2% [4]. The net margin stands at 13%, while the pretax margin is 17.95%, suggesting a moderate level of profitability [4]. The debt-to-equity ratio of 0.73 indicates a relatively conservative leverage position [4].

Analysts and institutional investors have shown varying opinions on the company's prospects. While Keefe Bruyette has lowered its price target, other analysts have maintained or increased their targets. For instance, Hovde Group has increased its price target from $29.00 to $29.50, also with an "outperform" rating [1]. Large investors such as Jane Street Group LLC and AQR Capital Management LLC have also increased their holdings in the company during the first quarter [1].

ConnectOne Bancorp's stock has shown mixed performance in recent quarters. During the last quarter, the company reported an EPS beat by $0.05, leading to a 1.8% drop in the share price on the subsequent day [2]. Over the last 52-week period, shares are up 0.91%, indicating a generally positive trend for long-term shareholders [2].

Investors should closely monitor ConnectOne Bancorp's earnings report for any positive guidance on the next quarter and the broader market's reaction to the announcement.

References:

[1] https://www.marketbeat.com/instant-alerts/connectone-bancorp-cnob-projected-to-post-earnings-on-tuesday-2025-07-22/

[2] https://www.benzinga.com/insights/earnings/25/07/46674747/a-peek-at-connectone-bancorps-future-earnings

[3] https://www.gurufocus.com/news/3029880/connectone-bancorp-cnob-target-price-reduced-by-keefe-bruyette

[4] https://www.gurufocus.com/news/3029880/connectone-bancorp-cnob-target-price-reduced-by-keefe-bruyette