News stories about CoBiz Financial (NASDAQ:COBZ) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CoBiz Financial earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.6626593446381 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several equities research analysts have issued reports on COBZ shares. Zacks Investment Research raised shares of CoBiz Financial from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, October 24th. BidaskClub cut shares of CoBiz Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $23.00 price objective on shares of CoBiz Financial in a research report on Friday, December 22nd. ValuEngine raised shares of CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of CoBiz Financial in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $21.70.
Shares of CoBiz Financial (NASDAQ:COBZ) opened at $19.50 on Friday. CoBiz Financial has a 52-week low of $15.39 and a 52-week high of $22.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $814.79, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.17.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Monday, January 29th were issued a $0.055 dividend. The ex-dividend date was Friday, January 26th. This represents a $0.22 annualized dividend and a dividend yield of 1.13%. CoBiz Financial’s dividend payout ratio is currently 27.85%.
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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.
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