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CNOB ConnectOne Bancorp PE ratio, current and historical analysis

As of Jun 18, 2024, the ConnectOne Bancorp stock's PE ratio is 9.34. This results from the current EPS of $1.89 and stock price of $17.65. The P/E ratio has grown by 6% from the past four quarters average of 8.8.

CNOB PE ratio history

How has CNOB's PE ratio performed in the past

The PE ratio of ConnectOne Bancorp has averaged 13.64 over the last ten years. The current PE ratio of 9.34 is 32% below the historical average. Over the past ten years, CNOB's PE ratio was at its highest in the Sep 2017 quarter at 26.17, when the stock price was $24.6 and the EPS was $0.94. The lowest value was in the Mar 2023 quarter, when it reached 6.16 with a price of $17.68 and an EPS of $2.87.

Average
13.64
Median
11.01
Minimum
6.16
Maximum
26.17

ConnectOne Bancorp PE ratio by year

Maximum annual increase: 86.51% in 2016

Maximum annual decrease: -48.19% in 2018

Year PE ratio Change
2023 11.01 37.8%
2022 7.99 -20.89%
2021 10.1 -8.1%
2020 10.99 -11.16%
2019 12.37 25.2%
2018 9.88 -48.19%
2017 19.07 -25.04%
2016 25.44 86.51%
2015 13.64 -42.57%
2014 23.75 53.23%

CNOB average PE ratio chart

What is the average PE ratio of CNOB for the past years

Currently, CNOB's PE ratio is greater than its 3 and 5-year historical averages, but it is below the 10-year average.

3-year avg
8.63
5-year avg
9.18
10-year avg
13.64
15-year avg
15.19

CNOB PE vs peers

What is CNOB's PE ratio compared to its peers

CNOB's PE ratio is lower than its peer stock PGC, but it is greater than VLY's and UNTY's. ConnectOne Bancorp is presently trading at a higher PE ratio (9.34) than its peer group average of 8.09.

Stock name PE ratio Market cap
UNTY Unity Bancorp Inc 6.88 $266.64M
VLY Valley National Bancorp 7.85 $3.4B
PKBK Parke Bancorp Inc 7.95 $186.38M
CNOB ConnectOne Bancorp Inc 9.32 $675.05M
PGC Peapack Gladstone Financial Corp 9.65 $377.35M

Frequently asked questions

What is ConnectOne Bancorp's PE ratio?

As of Jun 18, 2024, CNOB stock has a price to earnings ratio of 9.34.

What is the 3-year average PE ratio for ConnectOne Bancorp (CNOB)?

The 3-year average PE ratio for CNOB stock is 8.63.

What is the 5-year average PE ratio for ConnectOne Bancorp (CNOB)?

The 5-year average PE ratio for CNOB stock is 9.18.

What is the highest PE ratio for CNOB?

Over the last ten years, the quarterly PE ratio reached a historic high of 26.17 in the Sep 2017 quarter.

How does the current PE ratio for CNOB compare to its historical average?

CNOB's price to earnings ratio is currently 32% below its 10-year historical average.

Why is ConnectOne Bancorp's PE ratio so low?

A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.

How is CNOB's PE ratio calculated (ConnectOne Bancorp PE ratio formula)?

The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jun 18, 2024), ConnectOne Bancorp's stock price is $17.65. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.89. Therefore, ConnectOne Bancorp's P/E ratio for today is 9.34. PE RATIO(9.34) = STOCK PRICE($17.65) / TTM EPS($1.89)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.