Bullish Case: Recent dividend payouts, price target upgrade by Raymond James, coupled with Fmr LLC's increased stake, suggest confidence and potential upside for CNOB.


Bearish Case: CNOB's price decline over various periods, mixed financial results, and industry challenges hint at continuing downward pressure.


Potential Outcomes:

1) Positive sentiment from dividend and stake increase leads to 15% rise (25%).

2) Ongoing challenges push price down 10% (35%).

3) Market range-bound near $19.5 on mean reversion (40%).


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March 29, 2024


ConnectOne Bancorp Forecast

CNOB        ConnectOne Bancorp
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






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