Stock fact sheet · data as of
ConnectOne Bancorp, Inc. (CNOBP): fair value, margin of safety and Wheel Score
Ticker symbol CNOBP · Financial Services · Banks - Regional · United States · Depositary preferred shares · Value
CNOBP is not ConnectOne Bancorp, Inc.'s common stock: it is a depositary share of its preferred stock - each one a fraction of a single preferred share. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share. The common stock trades as CNOB (common stock).
Is CNOBP undervalued?
ConnectOne Bancorp, Inc. (CNOBP) closed at 25.50 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 65.50, which puts the price 61% below it. 6 of the 9 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The 9 models disagree widely: GLS Growth gives 6.69 while DCF gives 205.69. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, CNOBP is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 74, growth score 43, out of 100).
Nine valuation models for CNOBP
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 205.69 | +707% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 45.91 | +80% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 96.98 | +280% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 39.88 | +56% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 6.69 | -74% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 88.99 | +249% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 68.97 | +171% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 11.04 | -57% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 25.39 | -0% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 4.20 | -84% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - CNOBP passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 6.1 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are thin or negative - ROIC 2.9%, ROE 5.1%, ROA 0.6% - with debt at 0.74 times equity and a free-cash-flow yield of 10.9%.
The dividend yield is 2.26% at a payout ratio of 29%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold.
Institutional ownership scores 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 2.9% |
|---|---|---|---|
| GLS Moat | 6.1 / 10 | ROE | 5.1% |
| Debt / equity | 0.74 | ROA | 0.6% |
| Free-cash-flow yield | 10.9% | Payout ratio | 29% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 33: No options
CNOBP has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (33 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 15k shares a day on a market cap of $1.7B, with a beta of 1.04; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 61% below fair value | |
| Premium | Weak | no option data | |
| Moat | Good | moat 6.1/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 1.04, $1.7B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 28 Jan 2027, 84 days away - outside the window of a 30-45-day put sold today. The shares go ex-dividend on 13 Nov 2026 (0.5566 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to ConnectOne Bancorp, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CNOB ConnectOne Bancorp, Inc. | 33.13 | 71.68 | +54% | 44Weak | $1.7B |
| BFC Bank First Corporation | 149.60 | 122.74 | -22% | 23No options | $1.7B |
| CASH Pathward Financial, Inc. | 79.01 | 238.24 | +67% | 82Good | $1.6B |
| NBHC National Bank Holdings Corporation | 38.21 | 42.62 | +10% | 32Weak | $1.7B |
| LOB Live Oak Bancshares, Inc. | 35.15 | 86.43 | +59% | 47Weak | $1.6B |
| QCRH QCR Holdings, Inc. | 103.80 | 313.04 | +67% | 46Weak | $1.7B |
| RBCAA Republic Bancorp, Inc. | 92.78 | 89.65 | -3% | 29Weak | $1.6B |
| HOPE Hope Bancorp, Inc. | 13.44 | 20.71 | +35% | 51Fair | $1.7B |
| WTFCN Wintrust Financial Corporation | 25.51 | 267.84 | +90% | 26No options | $1.7B |
| TCBK TriCo Bancshares | 53.91 | 54.24 | +1% | 40Weak | $1.7B |
| BY Byline Bancorp, Inc. | 39.05 | 35.32 | -11% | 38Weak | $1.7B |
| FSUN FirstSun Capital Bancorp | 40.72 | 99.07 | +59% | 35No options | $1.7B |
⚖ Compare CNOBP with 7 of them All Financial Services stocks →
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about CNOBP
Is CNOBP the same as ConnectOne Bancorp, Inc. stock?
No. CNOBP is not ConnectOne Bancorp, Inc.'s common stock: it is a depositary share of its preferred stock - each one a fraction of a single preferred share. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share. The common stock trades as CNOB (common stock).
Is CNOBP undervalued right now?
By the GLS models, yes: at 25.50 the stock is 61% below the average fair value of 65.50 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CNOBP and what does it mean?
CNOBP has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for CNOBP?
65.50 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does ConnectOne Bancorp, Inc. report earnings next?
The next earnings report is due on 28 Jan 2027, 84 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CNOBP have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on CNOBP, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.