Reviewing CoBiz Financial (COBZ) and Its Rivals

CoBiz Financial (NASDAQ: COBZ) is one of 309 publicly-traded companies in the “Banks” industry, but how does it weigh in compared to its peers? We will compare CoBiz Financial to related businesses based on the strength of its institutional ownership, profitability, dividends, earnings, valuation, risk and analyst recommendations.

Institutional & Insider Ownership

82.9% of CoBiz Financial shares are held by institutional investors. Comparatively, 52.3% of shares of all “Banks” companies are held by institutional investors. 9.9% of CoBiz Financial shares are held by company insiders. Comparatively, 10.4% of shares of all “Banks” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Dividends

CoBiz Financial pays an annual dividend of $0.22 per share and has a dividend yield of 1.1%. CoBiz Financial pays out 24.4% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 1.9% and pay out 35.2% of their earnings in the form of a dividend.

Analyst Ratings

This is a summary of current ratings and recommmendations for CoBiz Financial and its peers, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
CoBiz Financial 0 2 2 0 2.50
CoBiz Financial Competitors 2159 8370 8450 332 2.36

CoBiz Financial presently has a consensus target price of $18.83, indicating a potential downside of 7.95%. As a group, “Banks” companies have a potential downside of 7.68%. Given CoBiz Financial’s peers higher possible upside, analysts plainly believe CoBiz Financial has less favorable growth aspects than its peers.

Valuation and Earnings

This table compares CoBiz Financial and its peers gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
CoBiz Financial $161.94 million $34.89 million 22.73
CoBiz Financial Competitors $5.50 billion $825.32 million 364.45

CoBiz Financial’s peers have higher revenue and earnings than CoBiz Financial. CoBiz Financial is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Risk & Volatility

CoBiz Financial has a beta of 1.26, meaning that its stock price is 26% more volatile than the S&P 500. Comparatively, CoBiz Financial’s peers have a beta of 0.78, meaning that their average stock price is 22% less volatile than the S&P 500.

Profitability

This table compares CoBiz Financial and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
CoBiz Financial 21.95% 12.06% 1.01%
CoBiz Financial Competitors 18.30% 8.23% 0.92%

Summary

CoBiz Financial beats its peers 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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