CoBiz Financial (NASDAQ:COBZ)‘s stock had its “hold” rating reiterated by research analysts at Sandler O’Neill in a report released on Wednesday.
A number of other equities research analysts have also issued reports on COBZ. Zacks Investment Research lowered CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. BidaskClub upgraded CoBiz Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 17th. ValuEngine upgraded CoBiz Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Hovde Group lowered CoBiz Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. CoBiz Financial presently has a consensus rating of “Hold” and a consensus price target of $22.38.
Shares of COBZ stock traded down $0.45 during trading hours on Wednesday, reaching $21.22. The company had a trading volume of 96,332 shares, compared to its average volume of 481,504. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.94 and a current ratio of 0.94. CoBiz Financial has a twelve month low of $16.22 and a twelve month high of $23.48. The firm has a market cap of $923.58 million, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 1.77 and a beta of 1.20.
Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. acquired a new stake in CoBiz Financial during the 1st quarter valued at approximately $204,000. Teacher Retirement System of Texas acquired a new stake in CoBiz Financial during the 4th quarter valued at approximately $258,000. Stone Ridge Asset Management LLC acquired a new position in shares of CoBiz Financial in the 4th quarter worth approximately $293,000. MetLife Investment Advisors LLC acquired a new position in shares of CoBiz Financial in the 4th quarter worth approximately $356,000. Finally, Matarin Capital Management LLC acquired a new position in shares of CoBiz Financial in the 1st quarter worth approximately $877,000. Hedge funds and other institutional investors own 80.10% of the company’s stock.
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.
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