CoBiz Financial Inc (COBZ) to Issue Dividend of $0.06

CoBiz Financial Inc (NASDAQ:COBZ) declared a dividend on Thursday, January 18th, Fidelity reports. Investors of record on Monday, January 29th will be paid a dividend of 0.055 per share by the bank on Monday, February 5th. This represents a yield of 0.00254041570438799%. The ex-dividend date of this dividend is Friday, January 26th.

CoBiz Financial (COBZ) opened at $21.65 on Friday. CoBiz Financial has a 12-month low of $15.39 and a 12-month high of $22.01. The stock has a market cap of $914.34, a PE ratio of 23.79, a P/E/G ratio of 1.82 and a beta of 1.26. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.94 and a current ratio of 0.94.

CoBiz Financial (NASDAQ:COBZ) last issued its earnings results on Thursday, October 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $42.76 million during the quarter, compared to analysts’ expectations of $41.13 million. CoBiz Financial had a net margin of 21.95% and a return on equity of 12.06%. equities analysts anticipate that CoBiz Financial will post 0.97 earnings per share for the current year.

Several research analysts have issued reports on the stock. BidaskClub raised shares of CoBiz Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research raised shares of CoBiz Financial from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a report on Friday, December 29th. ValuEngine cut shares of CoBiz Financial from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $23.00 target price on shares of CoBiz Financial in a report on Friday, December 22nd. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. CoBiz Financial presently has a consensus rating of “Buy” and a consensus target price of $21.13.

In other news, CEO Steven Bangert sold 2,883 shares of CoBiz Financial stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $20.45, for a total value of $58,957.35. Following the completion of the sale, the chief executive officer now directly owns 1,008,359 shares in the company, valued at $20,620,941.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott Page sold 5,307 shares of CoBiz Financial stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $20.84, for a total transaction of $110,597.88. Following the completion of the sale, the chief executive officer now owns 60,239 shares of the company’s stock, valued at $1,255,380.76. The disclosure for this sale can be found here. Insiders sold 52,205 shares of company stock valued at $1,086,023 over the last ninety days. Corporate insiders own 9.90% of the company’s stock.

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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.

Dividend History for CoBiz Financial (NASDAQ:COBZ)

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