Is ConnectOne Bancorp (CNOB) Undervalued As Investors Await Its October 22 Earnings?
ConnectOne Bancorp (CNOB) has put a date on its next checkpoint. The bank plans to release third quarter 2026 results before the market opens on October 22, followed by a management-led conference call.
Recent trading has been choppy. The share price is down 5.15% over the past month and 6.67% over the last 90 days, although a 15.70% year to date share price return and 23.19% one year total shareholder return suggest longer term momentum has been building ahead of ConnectOne Bancorp’s next update.
Scan beyond ConnectOne Bancorp and line up other banks showing similar momentum profiles using our hand picked 27 high quality undervalued stocks for a broader watchlist.
Bulls point to ConnectOne Bancorp’s solid recent total returns and analyst target gap, while bears highlight the choppy few months. Which story does the current valuation actually support?
Most Popular Narrative: 18% Undervalued
ConnectOne Bancorp last closed at $30.22 against a most followed fair value estimate of $36.75, which frames the current debate around whether recent volatility is masking a larger earnings story tied to loan repricing, efficiency and capital strength.
ConnectOne Bancorp is working through a large pipeline of adjustable rate and fixed loans that are repricing at higher yields, with about US$700m already repriced in 2026 at an average 255 basis point increase and similar volumes expected ahead. This may support net interest margin and earnings power as more of the book resets.
See why 8 investors see ConnectOne Bancorp as 18% undervalued.
Result: Fair Value of $36.75 (UNDERVALUED)
Still, the narrative around ConnectOne Bancorp unravels quickly if rent stabilized multifamily problems spread or if higher funding costs squeeze that 3.42% net interest margin.
Find out about the key risks to this ConnectOne Bancorp narrative.
Another View: ConnectOne Bancorp And The Cash Flow Debate
On earnings and analyst targets, ConnectOne Bancorp looks undervalued. The SWS DCF model tells a different story. At a share price of $30.22 against an estimated future cash flow value of $24.50, that framework points to the stock trading above its DCF value and flags less obvious downside risk. Which lens do you trust more when those signals clash?
Look into how the SWS DCF model arrives at its fair value.
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out ConnectOne Bancorp for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 27 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.
Next Steps
Sentiment on ConnectOne Bancorp is split, which makes this a useful moment to move fast, review the underlying data, and stress test your own thesis. To see what optimists are focusing on, run through the 6 key rewards.
Looking for more investment ideas beyond ConnectOne Bancorp?
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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.
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