First Citizens BancShares (NASDAQ: FCNCA) and CoBiz Financial (NASDAQ:COBZ) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, analyst recommendations, valuation, profitability, earnings and risk.
Insider and Institutional Ownership
45.7% of First Citizens BancShares shares are held by institutional investors. Comparatively, 82.3% of CoBiz Financial shares are held by institutional investors. 19.2% of First Citizens BancShares shares are held by insiders. Comparatively, 9.5% of CoBiz Financial shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Risk & Volatility
First Citizens BancShares has a beta of 1.12, indicating that its share price is 12% more volatile than the S&P 500. Comparatively, CoBiz Financial has a beta of 1.18, indicating that its share price is 18% more volatile than the S&P 500.
This table compares First Citizens BancShares and CoBiz Financial’s net margins, return on equity and return on assets.
||Return on Equity
||Return on Assets
|First Citizens BancShares
This is a summary of current ratings and price targets for First Citizens BancShares and CoBiz Financial, as provided by MarketBeat.
||Strong Buy Ratings
|First Citizens BancShares
CoBiz Financial has a consensus target price of $22.17, suggesting a potential upside of 14.97%. Given CoBiz Financial’s higher probable upside, analysts clearly believe CoBiz Financial is more favorable than First Citizens BancShares.
First Citizens BancShares pays an annual dividend of $1.40 per share and has a dividend yield of 0.3%. CoBiz Financial pays an annual dividend of $0.22 per share and has a dividend yield of 1.1%. CoBiz Financial pays out 23.2% of its earnings in the form of a dividend.
Earnings and Valuation
This table compares First Citizens BancShares and CoBiz Financial’s revenue, earnings per share and valuation.
||Earnings Per Share
|First Citizens BancShares
First Citizens BancShares has higher revenue and earnings than CoBiz Financial.
CoBiz Financial beats First Citizens BancShares on 9 of the 14 factors compared between the two stocks.
About First Citizens BancShares
First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. Its deposit products include checking, savings, money market and time deposit accounts. The company's loan products portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, lease financing, and other commercial real estate loans; and noncommercial construction and land development, residential mortgage, revolving mortgage, consumer loans, and construction and land development loans. It also offers treasury services products, cardholder and merchant services, wealth management services, and various other products and services; investment services, including annuities, discount brokerage services, and third-party mutual funds, as well as investment advisory services; trust and asset management services; and title insurance products. The company offers its products and services through its branch network, as well as through digital banking, telephone banking, and various ATM networks. As of December 31, 2017, it operated 545 branches in Arizona, California, Colorado, Florida, Georgia, Illinois, Kansas, Maryland, Minnesota, Missouri, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, and Wisconsin. The company was founded in 1898 and is headquartered in Raleigh, North Carolina.
About CoBiz Financial
CoBiz Financial Inc., a diversified financial services company, provides various financial products and services in the United States. It operates through Commercial Banking and Fee-Based Lines segments. The Commercial Banking segment offers commercial, real estate, and private banking services, as well as treasury management, interest-rate hedging, and depository products. The Fee-Based Lines segment provides investment advisory and insurance brokerage services; investment management advisory services to individuals, families, and businesses; and property and casualty, and employee benefit group insurance broker agency services to small- to mid-sized employers, commercial enterprises, and individual lines to their owners. CoBiz Financial Inc. operates 11 locations, including 7 in the Denver metropolitan area, as well as one each in Boulder, Colorado Springs, Fort Collins, and Vail located in Colorado under the Colorado Business Bank name; and 4 locations serving the Phoenix metropolitan area and the surrounding area of Maricopa County in Arizona under the Arizona Business Bank name. The company was formerly known as CoBiz Inc. and changed its name to CoBiz Financial Inc. in May 2007. CoBiz Financial Inc., was founded in 1980 and is headquartered in Denver, Colorado.
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