As of May 3, 2024, the ConnectOne Bancorp stock's PE ratio is 9.37. This results from the current EPS of $2.08 and stock price of $19.49. The P/E ratio has grown by 21% from the past four quarters average of 7.7.
The PE ratio of ConnectOne Bancorp has averaged 13.72 over the last ten years. The current PE ratio of 9.37 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.
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% |
Currently, CNOB's PE ratio is greater than its 3 and 5-year historical averages, but it is below the 10-year average.
CNOB's PE ratio is lower than its peer stock LBAI, but it is greater than VLY's and PGC's. ConnectOne Bancorp is presently trading at a higher PE ratio (9.37) than its peer group average of 8.18.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PKBK Parke Bancorp Inc | 7.08 | $201.38M |
| UNTY Unity Bancorp Inc | 7.12 | $280.91M |
| VLY Valley National Bancorp | 8.14 | $3.93B |
| PGC Peapack Gladstone Financial Corp | 8.51 | $413.81M |
| CNOB ConnectOne Bancorp Inc | 9.37 | $748.49M |
| LBAI Lakeland Bancorp Inc | 10.03 | $843.1M |
As of May 3, 2024, CNOB stock has a price to earnings ratio of 9.37.
The 3-year average PE ratio for CNOB stock is 8.47.
The 5-year average PE ratio for CNOB stock is 9.12.
Over the last ten years, the quarterly PE ratio reached a historic high of 26.17 in the Sep 2017 quarter.
CNOB's price to earnings ratio is currently 32% below its 10-year historical average.
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
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 (May 3, 2024), ConnectOne Bancorp's stock price is $19.49. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.08. Therefore, ConnectOne Bancorp's P/E ratio for today is 9.37. PE RATIO(9.37) = STOCK PRICE($19.49) / TTM EPS($2.08)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.