Keefe, Bruyette & Woods Increases CoBiz Financial Price Target to $12.25 (COBZ)
Equities research analysts at Keefe, Bruyette & Woods boosted their price target on shares of CoBiz Financial (NASDAQ:COBZ) from $10.50 to $12.25 in a research note issued to investors on Monday, AR Network reports. Keefe, Bruyette & Woods’ price target indicates a potential upside of 10.66% from the stock’s previous close.
CoBiz Financial (NASDAQ:COBZ) traded up 0.64% on Monday, hitting $11.07. The stock had a trading volume of 71,322 shares. CoBiz Financial has a 52 week low of $6.35 and a 52 week high of $11.00. The stock has a 50-day moving average of $9.64 and a 200-day moving average of $8.78. The company has a market cap of $437.0 million and a price-to-earnings ratio of 16.67.
CoBiz Financial (NASDAQ:COBZ) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.02. During the same quarter in the prior year, the company posted $0.05 earnings per share. Analysts expect that CoBiz Financial will post $0.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 4th. Shareholders of record on Monday, October 28th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, October 24th.
Several other analysts have also recently commented on the stock. Analysts at DA Davidson upgraded shares of CoBiz Financial from a “neutral” rating to a “buy” rating in a research note to investors on Monday, October 21st. They now have a $13.00 price target on the stock, up previously from $10.00. Analysts at Zacks downgraded shares of CoBiz Financial from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $11.70 price target on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $11.19.
CoBiz Financial Inc (NASDAQ:COBZ) is a diversified financial services company.
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