Media headlines about CoBiz Financial (NASDAQ:COBZ) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern 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 impact score of 0.10 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.7929600272568 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- CoBiz Financial (COBZ) Downgraded by BidaskClub to Sell (americanbankingnews.com)
- Piper Jaffray Companies Reiterates Hold Rating for CoBiz Financial (COBZ) (americanbankingnews.com)
- CoBiz Financial (COBZ) PT Set at $24.00 by Sandler O’Neill (americanbankingnews.com)
- CoBiz Financial Inc (COBZ) to Post Q1 2018 Earnings of $0.29 Per Share, DA Davidson Forecasts (americanbankingnews.com)
CoBiz Financial (COBZ) opened at $18.94 on Tuesday. CoBiz Financial has a one year low of $15.39 and a one year high of $22.01. The company has a market capitalization of $842.65, a price-to-earnings ratio of 23.97, a P/E/G ratio of 1.62 and a beta of 1.17. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.40.
The business also recently announced a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Monday, January 29th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, January 26th. This represents a $0.22 annualized dividend and a yield of 1.16%. CoBiz Financial’s payout ratio is 27.85%.
A number of equities research analysts have recently weighed in on the company. ValuEngine raised CoBiz Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub cut CoBiz Financial from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research cut CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. Sandler O’Neill set a $24.00 price objective on CoBiz Financial and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $23.00 target price on shares of CoBiz Financial in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $21.70.
In related news, CEO Steven Bangert sold 2,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $20.48, for a total transaction of $40,960.00. Following the completion of the transaction, the chief executive officer now directly owns 1,006,359 shares of the company’s stock, valued at approximately $20,610,232.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.90% of the company’s stock.
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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