Keefe, Bruyette & Woods Increases CoBiz Financial Price Target to $13.00 (COBZ)
Investment analysts at Keefe, Bruyette & Woods boosted their target price on shares of CoBiz Financial (NASDAQ:COBZ) from $12.50 to $13.00 in a note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 15.15% from the stock’s previous close.
CoBiz Financial (NASDAQ:COBZ) traded up 0.71% on Monday, hitting $11.37. The stock had a trading volume of 113,236 shares. CoBiz Financial has a 52-week low of $8.84 and a 52-week high of $12.45. The stock has a 50-day moving average of $10.8 and a 200-day moving average of $10.95. The company has a market cap of $454.3 million and a price-to-earnings ratio of 16.51.
CoBiz Financial (NASDAQ:COBZ) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.04. During the same quarter last year, the company posted $0.14 earnings per share. Analysts expect that CoBiz Financial will post $0.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 4th. Stockholders of record on Monday, July 28th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, July 24th. This is a boost from CoBiz Financial’s previous quarterly dividend of $0.04.
A number of other firms have also recently commented on COBZ. Analysts at RBC Capital raised their price target on shares of CoBiz Financial from $13.00 to $14.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Davidson cut their price target on shares of CoBiz Financial from $13.00 to $12.00 in a research note on Friday, April 25th. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of CoBiz Financial in a research note on Friday, April 25th. They now have a $12.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. CoBiz Financial has an average rating of “Buy” and a consensus price target of $12.54.
CoBiz Financial Inc (NASDAQ:COBZ) is a diversified financial services company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.