News headlines about CoBiz Financial (NASDAQ:COBZ) have trended somewhat negative on Thursday, according to AlphaOne Sentiment. The research group, a subsidiary of Accern, ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CoBiz Financial earned a news sentiment score of -0.02 on AlphaOne’s scale. AlphaOne also assigned headlines about the bank an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Alpha One Sentiment’s analysis:
- CoBiz Financial (COBZ) Earning Favorable Media Coverage, Study Shows (americanbankingnews.com)
- Somewhat Positive Media Coverage Somewhat Likely to Impact CoBiz Financial (COBZ) Share Price (americanbankingnews.com)
- CoBiz Financial Inc (COBZ) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- CoBiz Financial Inc (COBZ) Now Covered by Analysts at Piper Jaffray Companies (americanbankingnews.com)
Several equities analysts recently weighed in on COBZ shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $19.00 target price on shares of CoBiz Financial in a research note on Wednesday, April 5th. Zacks Investment Research cut shares of CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Piper Jaffray Companies started coverage on shares of CoBiz Financial in a research note on Thursday, April 13th. They issued a “neutral” rating and a $18.50 target price for the company. Finally, Hovde Group raised shares of CoBiz Financial from a “market perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research note on Friday, March 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. CoBiz Financial currently has an average rating of “Hold” and a consensus price target of $17.88.
CoBiz Financial (NASDAQ:COBZ) traded up 2.08% during trading on Thursday, reaching $16.72. 105,373 shares of the company’s stock were exchanged. CoBiz Financial has a 12 month low of $10.86 and a 12 month high of $17.99. The firm has a market cap of $686.99 million, a price-to-earnings ratio of 19.90 and a beta of 1.24. The firm’s 50-day moving average price is $16.64 and its 200-day moving average price is $15.91.
CoBiz Financial (NASDAQ:COBZ) last issued its earnings results on Thursday, January 26th. The bank reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. CoBiz Financial had a return on equity of 12.18% and a net margin of 21.55%. The business earned $39.26 million during the quarter, compared to the consensus estimate of $39.43 million. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that CoBiz Financial will post $0.89 EPS for the current year.
In other CoBiz Financial news, EVP David Pass sold 1,500 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $16.96, for a total value of $25,440.00. Following the sale, the executive vice president now owns 13,859 shares of the company’s stock, valued at approximately $235,048.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Steven Bangert sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $17.00, for a total value of $127,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,146,928 shares in the company, valued at approximately $19,497,776. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,407 shares of company stock worth $610,156. Insiders own 11.38% of the company’s stock.
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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.
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