Media headlines about CoBiz Financial (NASDAQ:COBZ) have been trending positive recently, according to AlphaOne Sentiment Analysis. The research group, a unit of Accern, identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CoBiz Financial earned a media sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also gave news headlines about the bank an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms have commented on COBZ. Zacks Investment Research lowered shares of CoBiz Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.00 price objective on shares of CoBiz Financial in a research note on Tuesday, May 2nd. Piper Jaffray Companies began coverage on shares of CoBiz Financial in a research note on Thursday, April 13th. They issued a “neutral” rating and a $18.50 price objective for the company. Finally, Hovde Group upgraded shares of CoBiz Financial from a “market perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research note on Friday, March 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.63.
Shares of CoBiz Financial (NASDAQ COBZ) opened at 16.19 on Friday. The stock has a market cap of $668.94 million, a price-to-earnings ratio of 18.83 and a beta of 1.24. CoBiz Financial has a 52 week low of $10.86 and a 52 week high of $17.99. The stock’s 50 day moving average is $16.40 and its 200 day moving average is $16.63.
CoBiz Financial (NASDAQ:COBZ) last released its earnings results on Thursday, April 27th. The bank reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $38.41 million during the quarter, compared to analysts’ expectations of $40 million. CoBiz Financial had a net margin of 21.55% and a return on equity of 12.18%. On average, equities analysts forecast that CoBiz Financial will post $0.87 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 8th. Investors of record on Monday, May 1st were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Thursday, April 27th. CoBiz Financial’s dividend payout ratio (DPR) is presently 23.53%.
In other CoBiz Financial news, Director Mary M. White sold 3,667 shares of CoBiz Financial stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $17.06, for a total transaction of $62,559.02. Following the completion of the sale, the director now directly owns 6,235 shares in the company, valued at approximately $106,369.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Ostertag sold 3,976 shares of CoBiz Financial stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $16.02, for a total transaction of $63,695.52. Following the sale, the insider now owns 68,930 shares of the company’s stock, valued at $1,104,258.60. The disclosure for this sale can be found here. Insiders sold a total of 29,744 shares of company stock valued at $498,510 over the last quarter. 11.38% of the stock is owned by company insiders.
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CoBiz Financial Company Profile
CoBiz Financial Inc is a financial holding company. The Company provides a range of banking and related services through its subsidiaries, CoBiz Bank (Bank), CoBiz Insurance, Inc and CoBiz IM, Inc (CoBiz IM). The Company’s segments include Commercial Banking, Fee-Based Lines, and Corporate Support and Other.
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