Headlines about CoBiz Financial (NASDAQ:COBZ) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. 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 0.08 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.8085960721308 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several equities research analysts recently weighed in on COBZ shares. BidaskClub upgraded shares of CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine upgraded 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 $19.00 price target on the stock in a research report on Tuesday, September 5th. Finally, DA Davidson restated a “neutral” rating on shares of CoBiz Financial in a research report on Friday, July 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.13.
CoBiz Financial (NASDAQ:COBZ) opened at 19.38 on Thursday. The firm’s 50-day moving average is $17.88 and its 200-day moving average is $17.05. CoBiz Financial has a 52-week low of $12.40 and a 52-week high of $19.82. The company has a market cap of $801.58 million, a PE ratio of 21.78 and a beta of 1.24.
CoBiz Financial (NASDAQ:COBZ) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates 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.
In other news, CEO Scott Page sold 8,057 shares of CoBiz Financial stock in a transaction 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 approximately $1,162,884.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Steven Bangert sold 8,000 shares of CoBiz Financial stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $17.62, for a total value of $140,960.00. Following the transaction, the chief executive officer now owns 1,016,242 shares in the company, valued at approximately $17,906,184.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,543 shares of company stock worth $488,016. Insiders own 9.90% 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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