CoBiz Financial Inc. (NASDAQ:COBZ) is set to post its quarterly earnings results after the market closes on Thursday, July 20th. Analysts expect CoBiz Financial to post earnings of $0.21 per share for the quarter.
CoBiz Financial (NASDAQ:COBZ) last released its quarterly earnings data on Thursday, April 27th. The bank reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $38.41 million for the quarter, compared to analyst estimates of $40 million. CoBiz Financial had a return on equity of 12.11% and a net margin of 21.98%. On average, analysts expect CoBiz Financial to post $0.88 EPS for the current fiscal year and $1.05 EPS for the next fiscal year.
Shares of CoBiz Financial Inc. (NASDAQ:COBZ) opened at 17.21 on Tuesday. The firm has a 50-day moving average price of $16.28 and a 200 day moving average price of $16.77. CoBiz Financial Inc. has a 1-year low of $11.80 and a 1-year high of $17.99. The company has a market cap of $711.08 million, a price-to-earnings ratio of 20.01 and a beta of 1.20.
In other CoBiz Financial news, insider Christopher S. Huss sold 5,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 36,002 shares of the company’s stock, valued at approximately $624,634.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven Bangert sold 10,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $16.41, for a total transaction of $164,100.00. Following the sale, the chief executive officer now directly 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 a total of 25,004 shares of company stock worth $413,887 in the last ninety days. 9.90% of the stock is currently owned by insiders.
A number of equities analysts have recently weighed in on COBZ shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $19.00 target price on shares of CoBiz Financial in a research note on Wednesday, April 5th. Zacks Investment Research downgraded CoBiz Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Piper Jaffray Companies started coverage on CoBiz Financial in a research note on Thursday, April 13th. They issued a “neutral” rating and a $18.50 target price on the stock. BidaskClub downgraded CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded CoBiz Financial from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. CoBiz Financial currently has a consensus rating of “Hold” and a consensus price target of $17.63.
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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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