CoBiz Financial Inc. (NASDAQ:COBZ) has earned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $23.50.
COBZ has been the subject of a number of recent research reports. Zacks Investment Research cut shares of CoBiz Financial from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. BidaskClub upgraded shares of CoBiz Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 17th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $23.00 price objective on shares of CoBiz Financial in a report on Friday, December 22nd. ValuEngine upgraded shares of CoBiz Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Sandler O’Neill set a $24.00 price objective on shares of CoBiz Financial and gave the stock a “buy” rating in a report on Monday, January 29th.
In other CoBiz Financial news, EVP David Pass sold 1,250 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $20.21, for a total transaction of $25,262.50. Following the completion of the sale, the executive vice president now directly owns 13,568 shares in the company, valued at $274,209.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven Bangert sold 3,941 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $19.90, for a total transaction of $78,425.90. Following the sale, the chief executive officer now owns 1,022,724 shares of the company’s stock, valued at $20,352,207.60. The disclosure for this sale can be found here. Insiders sold 17,691 shares of company stock valued at $352,013 over the last quarter. 9.47% of the stock is currently owned by corporate insiders.
Shares of NASDAQ COBZ traded down $0.19 during mid-day trading on Thursday, reaching $19.61. The company had a trading volume of 58,031 shares, compared to its average volume of 123,277. CoBiz Financial has a twelve month low of $15.39 and a twelve month high of $22.01. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $822.78, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.58 and a beta of 1.18.
CoBiz Financial (NASDAQ:COBZ) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.02). CoBiz Financial had a return on equity of 12.44% and a net margin of 18.58%. The company had revenue of $43.09 million during the quarter, compared to analyst estimates of $43.10 million. analysts predict that CoBiz Financial will post 1.23 EPS for the current year.
TRADEMARK VIOLATION NOTICE: “CoBiz Financial Inc. (COBZ) Given Consensus Recommendation of “Hold” by Analysts” was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://sportsperspectives.com/2018/04/17/cobiz-financial-inc-cobz-given-consensus-recommendation-of-hold-by-analysts.html.
About CoBiz Financial
CoBiz Financial Inc, a diversified financial services company, provides various financial products and services in the United States. It operates through Commercial Banking and Fee-Based Lines segments. The Commercial Banking segment offers commercial, real estate, and private banking services, as well as treasury management, interest-rate hedging, and depository products.
Receive News & Ratings for CoBiz Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoBiz Financial and related companies with MarketBeat.com's FREE daily email newsletter.