CoBiz Financial (NASDAQ:COBZ) Receives Media Impact Score of 0.21
Headlines about CoBiz Financial (NASDAQ:COBZ) have trended somewhat positive on Sunday, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public 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 0.21 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.0606817729305 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of CoBiz Financial (COBZ) traded down 1.29% during midday trading on Friday, hitting $16.87. 73,809 shares of the company traded hands. The stock has a market capitalization of $697.76 million, a P/E ratio of 18.96 and a beta of 1.20. CoBiz Financial has a 52 week low of $11.80 and a 52 week high of $18.85. The company has a 50-day moving average price of $17.32 and a 200-day moving average price of $16.89.
CoBiz Financial (NASDAQ:COBZ) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $40.32 million during the quarter, compared to analyst estimates of $39.88 million. CoBiz Financial had a net margin of 21.97% and a return on equity of 12.09%. Analysts anticipate that CoBiz Financial will post $0.92 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Thursday, July 27th. This is a positive change from CoBiz Financial’s previous quarterly dividend of $0.05. CoBiz Financial’s payout ratio is 24.72%.
COBZ has been the subject of a number of analyst reports. Zacks Investment Research downgraded 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. ValuEngine raised shares of CoBiz Financial from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. DA Davidson reaffirmed a “neutral” rating on shares of CoBiz Financial in a research note on Friday, July 21st. Finally, BidaskClub downgraded shares of CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CoBiz Financial has a consensus rating of “Buy” and a consensus target price of $19.13.
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In related news, insider Christopher S. Huss sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $17.35, for a total transaction of $86,750.00. Following the completion of the transaction, the insider now owns 36,002 shares in the company, valued at approximately $624,634.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Steven Bangert sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $16.41, for a total transaction of $164,100.00. Following the transaction, the chief executive officer now owns 1,024,242 shares of the company’s stock, valued at approximately $16,807,811.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,571 shares of company stock valued at $755,057. 9.90% of the stock is currently owned by company insiders.
About CoBiz Financial
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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