CoBiz Financial Inc (NASDAQ:COBZ) announced a dividend on Thursday, January 18th, Fidelity reports. Shareholders 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.
Shares of CoBiz Financial (NASDAQ COBZ) opened at $21.65 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $914.34, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 1.82 and a beta of 1.26. CoBiz Financial has a 12 month low of $15.39 and a 12 month high of $22.01.
CoBiz Financial (NASDAQ:COBZ) last announced its earnings results on Thursday, October 19th. The bank reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $42.76 million for the quarter, compared to the consensus estimate of $41.13 million. CoBiz Financial had a return on equity of 12.06% and a net margin of 21.95%. equities research analysts expect that CoBiz Financial will post 0.97 earnings per share for the current fiscal year.
In other news, insider Christopher S. Huss sold 5,000 shares of CoBiz Financial stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $20.85, for a total transaction of $104,250.00. Following the transaction, the insider now directly owns 31,002 shares in the company, valued at approximately $646,391.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Scott Page sold 5,307 shares of CoBiz Financial stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $20.84, for a total value of $110,597.88. Following the completion of the transaction, the chief executive officer now owns 60,239 shares in the company, valued at $1,255,380.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,205 shares of company stock worth $1,086,023. 9.90% of the stock is owned by insiders.
Several brokerages have weighed in on COBZ. BidaskClub raised CoBiz Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded CoBiz Financial from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research report on Friday, December 29th. ValuEngine cut CoBiz Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $23.00 price target on shares of CoBiz Financial in a research report on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. CoBiz Financial currently has an average rating of “Buy” and a consensus target price of $21.13.
WARNING: This piece was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/01/21/cobiz-financial-inc-cobz-to-go-ex-dividend-on-january-26th.html.
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.
Receive News & Ratings for CoBiz Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoBiz Financial and related companies with MarketBeat.com's FREE daily email newsletter.