Financial Analysis: CoBiz Financial (COBZ) vs. Its Competitors
CoBiz Financial (NASDAQ: COBZ) is one of 312 public companies in the “Banks” industry, but how does it compare to its competitors? We will compare CoBiz Financial to related businesses based on the strength of its valuation, dividends, institutional ownership, analyst recommendations, risk, profitability and earnings.
Earnings & Valuation
This table compares CoBiz Financial and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|CoBiz Financial||$161.94 million||$34.89 million||23.07|
|CoBiz Financial Competitors||$5.49 billion||$825.32 million||380.66|
This is a summary of recent ratings and price targets for CoBiz Financial and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|CoBiz Financial Competitors||2154||8424||8535||332||2.36|
CoBiz Financial currently has a consensus price target of $18.83, indicating a potential downside of 10.27%. As a group, “Banks” companies have a potential downside of 5.04%. Given CoBiz Financial’s competitors higher possible upside, analysts plainly believe CoBiz Financial has less favorable growth aspects than its competitors.
CoBiz Financial pays an annual dividend of $0.22 per share and has a dividend yield of 1.0%. CoBiz Financial pays out 24.2% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 1.9% and pay out 35.0% of their earnings in the form of a dividend.
Risk & Volatility
CoBiz Financial has a beta of 1.26, suggesting that its share price is 26% more volatile than the S&P 500. Comparatively, CoBiz Financial’s competitors have a beta of 0.78, suggesting that their average share price is 22% less volatile than the S&P 500.
Institutional and Insider Ownership
82.9% of CoBiz Financial shares are owned by institutional investors. Comparatively, 52.3% of shares of all “Banks” companies are owned by institutional investors. 9.9% of CoBiz Financial shares are owned by insiders. Comparatively, 10.4% of shares of all “Banks” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
This table compares CoBiz Financial and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|CoBiz Financial Competitors||18.39%||8.28%||0.93%|
CoBiz Financial beats its competitors on 8 of the 15 factors compared.
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. Its Commercial Banking segment consists of the operations of the Bank, a full-service business banking institution that offers commercial, real estate and private banking, as well as treasury management, interest-rate hedging and depository products. Its Fee-Based Lines segment consists of the operations of CoBiz Wealth, LLC and CoBiz Insurance, Inc. CoBiz Wealth, LLC provides investment management advisory services to individuals, families and businesses. CoBiz Insurance, Inc. offers property and casualty (P&C) and employee benefit group insurance (EB) broker agency to small to mid-sized employers, commercial enterprises and individual lines to their owners.
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