Media coverage about CoBiz Financial (NASDAQ:COBZ) has been trending somewhat positive on Monday, AlphaOne Sentiment reports. AlphaOne, a division of Accern, identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CoBiz Financial earned a news sentiment score of 0.25 on AlphaOne’s scale. AlphaOne also gave news headlines about the bank an impact score of 85 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the next several days.
COBZ has been the topic of several recent research reports. Zacks Investment Research cut shares of CoBiz Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.00 target price on shares of CoBiz Financial in a research note on Tuesday, May 2nd. Hovde Group raised shares of CoBiz Financial from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Friday, March 10th. Finally, Piper Jaffray Companies initiated coverage on shares of CoBiz Financial in a research note on Thursday, April 13th. They set a “neutral” rating and a $18.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. CoBiz Financial presently has an average rating of “Hold” and a consensus target price of $17.63.
CoBiz Financial (NASDAQ:COBZ) traded up 0.06% during midday trading on Monday, hitting $16.05. The stock had a trading volume of 44,580 shares. The company has a 50-day moving average price of $16.48 and a 200-day moving average price of $16.56. The company has a market cap of $663.15 million, a price-to-earnings ratio of 18.66 and a beta of 1.24. CoBiz Financial has a 12-month low of $10.86 and a 12-month high of $17.99.
CoBiz Financial (NASDAQ:COBZ) last issued its earnings results on Thursday, April 27th. The bank reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. CoBiz Financial had a return on equity of 12.18% and a net margin of 21.55%. The firm had revenue of $38.41 million for the quarter, compared to the consensus estimate of $40 million. Equities analysts anticipate that CoBiz Financial will post $0.87 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 8th. Shareholders of record on Monday, May 1st were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, April 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. CoBiz Financial’s dividend payout ratio (DPR) is currently 23.53%.
In other CoBiz Financial news, Director Mary M. White sold 3,667 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $17.06, for a total value of $62,559.02. Following the transaction, the director now owns 6,235 shares in the company, valued at $106,369.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Ostertag sold 3,976 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $16.02, for a total value of $63,695.52. Following the completion of the transaction, the insider now owns 68,930 shares in the company, valued at approximately $1,104,258.60. The disclosure for this sale can be found here. Insiders sold 29,744 shares of company stock worth $498,510 in the last 90 days. Corporate insiders own 11.38% of the company’s stock.
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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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