CoBiz Financial Inc Declares Dividend of $0.06 (COBZ)
CoBiz Financial Inc (NASDAQ:COBZ) announced a dividend on Thursday, January 18th, Fidelity reports. Shareholders of record on Monday, January 29th will be paid a dividend of 0.055 per share by the bank on Monday, February 5th. This represents a yield of 0.00254041570438799%. The ex-dividend date of this dividend is Friday, January 26th.
Shares of CoBiz Financial (COBZ) opened at $21.65 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.94 and a quick ratio of 0.94. CoBiz Financial has a 52 week low of $15.39 and a 52 week high of $22.01. The stock has a market cap of $914.34, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 1.82 and a beta of 1.26.
CoBiz Financial (NASDAQ:COBZ) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. CoBiz Financial had a net margin of 21.95% and a return on equity of 12.06%. The firm had revenue of $42.76 million for the quarter, compared to analyst estimates of $41.13 million. equities research analysts anticipate that CoBiz Financial will post 0.97 earnings per share for the current fiscal year.
In other news, insider Christopher S. Huss sold 5,000 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $20.85, for a total transaction of $104,250.00. Following the transaction, the insider now directly owns 31,002 shares in the company, valued at approximately $646,391.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Beth Vitale sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $20.59, for a total transaction of $41,180.00. Following the transaction, the director now owns 2,715 shares in the company, valued at $55,901.85. The disclosure for this sale can be found here. Insiders have sold a total of 52,205 shares of company stock worth $1,086,023 over the last 90 days. 9.90% of the stock is owned by company insiders.
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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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