CoBiz Financial Trading Down 4.6% Following Weak Earnings (COBZ)
CoBiz Financial (NASDAQ:COBZ) traded down 4.6% during mid-day trading on Thursday after the company announced weaker than expected quarterly earnings, Stock Ratings News reports. The company traded as low as $10.08 and last traded at $10.10, with a volume of 109,322 shares. The stock had previously closed at $10.59.
The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.03. During the same quarter in the prior year, the company posted $0.10 earnings per share.
The company also recently declared a quarterly dividend, which is scheduled for Monday, May 5th. Investors of record on Monday, April 28th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, April 24th.
The stock’s 50-day moving average is $11. and its 200-day moving average is $11.1. The company has a market cap of $400.4 million and a price-to-earnings ratio of 15.95.
CoBiz Financial Inc (NASDAQ:COBZ) is a diversified financial services company.
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