CoBiz Financial (COBZ) Announces Quarterly Earnings, Beats Expectations By $0.02 EPS
CoBiz Financial (NASDAQ:COBZ) posted its quarterly earnings results on Friday. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02, AnalystRatings.NET reports. During the same quarter in the previous year, the company posted $0.05 earnings per share.
Shares of CoBiz Financial (NASDAQ:COBZ) opened at 9.82 on Friday. CoBiz Financial has a one year low of $6.35 and a one year high of $11.00. The stock’s 50-day moving average is $9.45 and its 200-day moving average is $9.00. The company has a market cap of $387.6 million and a P/E ratio of 15.63.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of CoBiz Financial from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $11.70 price target on the stock. On a related note, analysts at Keefe, Bruyette & Woods raised their price target on shares of CoBiz Financial from $9.50 to $10.50 in a research note to investors on Tuesday, July 23rd. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. CoBiz Financial has an average rating of “Buy” and an average target price of $10.30.
CoBiz Financial Inc (NASDAQ:COBZ) is a diversified financial services company.
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