CoBiz Financial Inc. (NASDAQ:COBZ) Scheduled to Post Earnings on Thursday
CoBiz Financial Inc. (NASDAQ:COBZ) will be issuing its quarterly earnings data after the market closes on Thursday, July 20th. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
CoBiz Financial (NASDAQ:COBZ) last posted its earnings results on Thursday, April 27th. The bank reported $0.20 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. The business had revenue of $38.41 million during the quarter, compared to the consensus estimate of $40 million. CoBiz Financial had a return on equity of 12.11% and a net margin of 21.98%. On average, analysts expect CoBiz Financial to post $0.88 EPS for the current fiscal year and $1.05 EPS for the next fiscal year.
CoBiz Financial Inc. (COBZ) traded up 0.58% during trading on Thursday, hitting $17.28. The company had a trading volume of 46,917 shares. The company has a market capitalization of $713.98 million, a price-to-earnings ratio of 20.09 and a beta of 1.20. CoBiz Financial Inc. has a one year low of $11.80 and a one year high of $17.99. The stock has a 50-day moving average of $16.28 and a 200 day moving average of $16.77.
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In other news, CEO Steven Bangert sold 10,000 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $16.41, for a total transaction of $164,100.00. Following the completion of the transaction, the chief executive officer now directly owns 1,024,242 shares in the company, valued at $16,807,811.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher S. Huss sold 5,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $86,750.00. Following the transaction, the insider now owns 36,002 shares of the company’s stock, valued at $624,634.70. The disclosure for this sale can be found here. Insiders have sold 25,004 shares of company stock valued at $413,887 over the last 90 days. Corporate insiders own 9.90% of the company’s stock.
Several equities research analysts recently issued reports on COBZ shares. Piper Jaffray Companies started coverage on CoBiz Financial in a research note on Thursday, April 13th. They issued a “neutral” rating and a $18.50 price target for the company. Zacks Investment Research cut CoBiz Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 29th. Keefe, Bruyette & Woods restated a “buy” rating and set a $19.00 target price on shares of CoBiz Financial in a research note on Wednesday, April 5th. ValuEngine upgraded CoBiz Financial from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, BidaskClub cut CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.63.
CoBiz Financial Company Profile
CoBiz Financial Inc is a financial holding company. The Company provides a range of banking and related services through its subsidiaries, CoBiz Bank (Bank), CoBiz Insurance, Inc and CoBiz IM, Inc (CoBiz IM). The Company’s segments include Commercial Banking, Fee-Based Lines, and Corporate Support and Other.
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