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    ConnectOne Bancorp (CNOB) Gains Attention Following Merger Expansion, Is It Still Below Fair Value?

    Simply Wall St·08/17/2026 13:17:40
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    ConnectOne Bancorp (CNOB) stock is in focus after recent trading data showed mixed short term moves and a stronger longer term record, which gives investors fresh context for assessing this regional bank.

    See our latest analysis for ConnectOne Bancorp.

    With the share price at about US$33.03, ConnectOne Bancorp has seen mixed short term trading. The 90 day share price return of 13.64% sits alongside a 26.44% year to date share price return and a 40.83% 1 year total shareholder return, which indicates building momentum over a longer horizon as investors reassess both growth potential and risk.

    If you are weighing ConnectOne Bancorp against other opportunities, this may be a useful time to broaden your watchlist and check out 21 top founder-led companies

    Recent gains at ConnectOne Bancorp could be read as a simple swing in sentiment or as a clearer reflection of its current earnings profile and valuation. How much does the recent move still leave on the table based on today’s fundamentals?

    Most Popular Narrative: 8.3% Undervalued

    Analysts who follow ConnectOne Bancorp see fair value at about $36 per share, compared with the recent price near $33. This frames the current upside debate.

    The recent merger with First of Long Island Bank has significantly expanded ConnectOne's geographic footprint and client base, increasing its scale and enhancing market access, especially in high growth Long Island. This positions the company to capture additional revenue opportunities from lending and deposit growth in economically vibrant metro areas.

    Read the complete narrative. Read the complete narrative.

    Analysts are building this fair value on a specific playbook. It leans on faster top line expansion, rising profitability and a future earnings multiple that sits below many current peers. Curious which assumptions really move the valuation and how much of that is already reflected in today’s $33 share price?

    Result: Fair Value of $36 (UNDERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, the picture for ConnectOne Bancorp is not entirely one-sided, since higher commercial real estate exposure and tight geographic focus could quickly test this upbeat narrative.

    Find out about the key risks to this ConnectOne Bancorp narrative.

    Next Steps

    Given this mix of optimism and caution around ConnectOne Bancorp, it may be helpful to review the underlying data yourself and decide where you stand. To see what investors view as the main positives, review the 5 key rewards

    Looking for more investment ideas beyond ConnectOne Bancorp?

    If you stop at ConnectOne Bancorp, you could miss other compelling setups. Use this moment to widen your opportunity set and pressure test your conviction with fresh ideas.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.