CoBiz Financial (COBZ) Set to Announce Quarterly Earnings on Thursday
CoBiz Financial (NASDAQ:COBZ) will be announcing its earnings results after the market closes on Thursday, January 25th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.
CoBiz Financial (NASDAQ:COBZ) last issued its earnings results on Thursday, October 19th. The bank reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. CoBiz Financial had a net margin of 21.95% and a return on equity of 12.06%. The company had revenue of $42.76 million for the quarter, compared to analysts’ expectations of $41.13 million. On average, analysts expect CoBiz Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of CoBiz Financial (NASDAQ COBZ) opened at $21.31 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.94 and a quick ratio of 0.94. CoBiz Financial has a twelve month low of $15.39 and a twelve month high of $22.01. The firm has a market cap of $899.99, a PE ratio of 23.68, a P/E/G ratio of 1.80 and a beta of 1.26.
In related news, insider Robert Ostertag sold 17,176 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $20.90, for a total value of $358,978.40. Following the completion of the transaction, the insider now owns 53,445 shares in the company, valued at approximately $1,117,000.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Richard J. Dalton sold 10,004 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $20.76, for a total transaction of $207,683.04. Following the completion of the transaction, the chief operating officer now owns 74,078 shares of the company’s stock, valued at approximately $1,537,859.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,205 shares of company stock worth $1,086,023. Corporate insiders own 9.90% of the company’s stock.
About CoBiz Financial
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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