CoBiz Financial (NASDAQ:COBZ) Earns Media Sentiment Rating of 0.27
News articles about CoBiz Financial (NASDAQ:COBZ) have trended positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CoBiz Financial earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.7480013535608 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
CoBiz Financial (COBZ) traded up 0.42% during mid-day trading on Friday, hitting $16.84. 60,159 shares of the stock traded hands. CoBiz Financial has a 1-year low of $12.40 and a 1-year high of $18.85. The firm has a market capitalization of $696.52 million, a P/E ratio of 18.92 and a beta of 1.20. The company has a 50-day moving average of $17.38 and a 200 day moving average of $16.86.
CoBiz Financial (NASDAQ:COBZ) last announced its earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02. CoBiz Financial had a return on equity of 12.09% and a net margin of 21.97%. The company had revenue of $40.32 million for the quarter, compared to analyst estimates of $39.88 million. On average, equities research analysts anticipate that CoBiz Financial will post $0.92 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were given a dividend of $0.055 per share. This is a positive change from CoBiz Financial’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, July 27th. CoBiz Financial’s dividend payout ratio is currently 24.72%.
COBZ has been the subject of a number of recent analyst reports. BidaskClub raised shares of CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine raised shares of CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of CoBiz Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.00 price objective on shares of CoBiz Financial in a research note on Tuesday, May 2nd. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $19.50 price target on shares of CoBiz Financial in a research note on Wednesday, July 26th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. CoBiz Financial presently has an average rating of “Buy” and an average target price of $19.13.
In other CoBiz Financial news, CEO Scott Page sold 8,057 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $17.68, for a total transaction of $142,447.76. Following the transaction, the chief executive officer now owns 65,774 shares in the company, valued at $1,162,884.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven Bangert sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $16.41, for a total value of $164,100.00. Following the completion of the transaction, the chief executive officer now owns 1,024,242 shares in the company, valued at approximately $16,807,811.22. The disclosure for this sale can be found here. Insiders sold 42,543 shares of company stock worth $738,866 over the last three months. Corporate insiders own 9.90% of the company’s stock.
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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