CoBiz Financial (COBZ) Earns “Hold” Rating from Sandler O’Neill

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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.

CoBiz Financial (NASDAQ:COBZ) last posted its earnings results on Thursday, April 26th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. CoBiz Financial had a return on equity of 13.50% and a net margin of 20.43%. The business had revenue of $43.57 million during the quarter, compared to analyst estimates of $43.66 million. equities research analysts predict that CoBiz Financial will post 1.23 EPS for the current year.

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.

Analyst Recommendations for CoBiz Financial (NASDAQ:COBZ)

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