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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:COBZ
CUSIP19089710
Phone303-312-3400
Debt
Debt-to-Equity Ratio0.38
Current Ratio0.92
Quick Ratio0.92
Price-To-Earnings
Trailing P/E Ratio23.59
Forward P/E Ratio18.37
P/E Growth1.83
Sales & Book Value
Annual Sales$177.19 million
Price / Sales5.36
Cash Flow$1.0842 per share
Price / Cash20.67
Book Value$7.80 per share
Price / Book2.87
Profitability
EPS (Most Recent Fiscal Year)$0.95
Net Income$32.91 million
Net Margins21.05%
Return on Equity13.80%
Return on Assets1.21%
Miscellaneous
Employees538
Outstanding Shares42,400,000
Market Cap$941.69 million
CoBiz Financial (NASDAQ:COBZ) Frequently Asked Questions
What is CoBiz Financial's stock symbol?
CoBiz Financial trades on the NASDAQ under the ticker symbol "COBZ."
How often does CoBiz Financial pay dividends? What is the dividend yield for CoBiz Financial?
CoBiz Financial announced a quarterly dividend on Friday, July 20th. Shareholders of record on Monday, July 30th will be paid a dividend of $0.10 per share on Monday, August 6th. This represents a $0.40 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, July 27th. View CoBiz Financial's Dividend History.
How were CoBiz Financial's earnings last quarter?
CoBiz Financial Inc (NASDAQ:COBZ) issued its quarterly earnings results on Thursday, August, 2nd. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.02. CoBiz Financial had a net margin of 21.05% and a return on equity of 13.80%. View CoBiz Financial's Earnings History.
When is CoBiz Financial's next earnings date?
What price target have analysts set for COBZ?
5 brokers have issued 12 month price targets for CoBiz Financial's shares. Their forecasts range from $13.75 to $24.00. On average, they anticipate CoBiz Financial's stock price to reach $20.25 in the next twelve months. This suggests that the stock has a possible downside of 9.6%. View Analyst Price Targets for CoBiz Financial.
What is the consensus analysts' recommendation for CoBiz Financial?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoBiz Financial in the last year. There are currently 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for CoBiz Financial.
Who are some of CoBiz Financial's key competitors?
Some companies that are related to CoBiz Financial include UMB Financial (UMBF), Community Bank System (CBU), Fulton Financial (FULT), First Financial Bancorp (FFBC), Old National Bancorp (ONB), Washington Federal (WAFD), Simmons First National (SFNC), First Midwest Bancorp (FMBI), Centerstate Bank (CSFL), FCB Financial (FCB), Trustmark (TRMK), First Merchants (FRME), Cadence Bancorp (CADE), WesBanco (WSBC) and Hope Bancorp (HOPE).
Who are CoBiz Financial's key executives?
CoBiz Financial's management team includes the folowing people:
- Mr. Steven Bangert, Chairman & CEO (Age 61)
- Ms. Lyne B. Andrich, Exec. VP, CFO & COO (Age 51)
- Mr. Richard J. Dalton, Exec. VP & Corp. Sec. (Age 61)
- Mr. Troy R. Dumlao, Chief Accounting Officer & Sr. VP (Age 46)
- Mr. David E. Pass Jr., Chief Information Officer & Exec. VP (Age 49)
Has CoBiz Financial been receiving favorable news coverage?
News coverage about COBZ stock has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CoBiz Financial earned a media and rumor sentiment score of 0.20 on Accern's scale. They also assigned media headlines about the bank an impact score of 46.66 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View Recent Headlines for CoBiz Financial.
Who are CoBiz Financial's major shareholders?
CoBiz Financial's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.05%), Dimensional Fund Advisors LP (4.62%), Victory Capital Management Inc. (3.68%), Water Island Capital LLC (3.45%), Macquarie Group Ltd. (2.99%) and FMR LLC (2.92%). Company insiders that own CoBiz Financial stock include Christopher S Huss, David Pass, Evan Makovsky, Lyne B Andrich, Mary Beth Vitale, Mary K Rhinehart, Mary M White, Michael B Burgamy, Richard J Dalton, Robert Ostertag, Scott Page, Steven Bangert, Sue Hermann and Troy Dumlao. View Institutional Ownership Trends for CoBiz Financial.
Which major investors are selling CoBiz Financial stock?
COBZ stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Millennium Management LLC, Elizabeth Park Capital Advisors Ltd., Broadview Advisors LLC, BlackRock Inc., Bank of New York Mellon Corp, Nuance Investments LLC and Voya Investment Management LLC. Company insiders that have sold CoBiz Financial company stock in the last year include Christopher S Huss, David Pass, Lyne B Andrich, Mary Beth Vitale, Richard J Dalton, Robert Ostertag, Scott Page, Steven Bangert and Troy Dumlao. View Insider Buying and Selling for CoBiz Financial.
Which major investors are buying CoBiz Financial stock?
COBZ stock was acquired by a variety of institutional investors in the last quarter, including Water Island Capital LLC, Victory Capital Management Inc., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Renaissance Technologies LLC, GABELLI & Co INVESTMENT ADVISERS INC., Gabelli Funds LLC, ARP Americas LP and Macquarie Group Ltd.. View Insider Buying and Selling for CoBiz Financial.
How do I buy shares of CoBiz Financial?
Shares of COBZ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CoBiz Financial's stock price today?
One share of COBZ stock can currently be purchased for approximately $22.41.
How big of a company is CoBiz Financial?
CoBiz Financial has a market capitalization of $941.69 million and generates $177.19 million in revenue each year. The bank earns $32.91 million in net income (profit) each year or $0.95 on an earnings per share basis. CoBiz Financial employs 538 workers across the globe.
How can I contact CoBiz Financial?
CoBiz Financial's mailing address is 1401 LAWRENCE ST. SUITE 1200, DENVER CO, 80202. The bank can be reached via phone at 303-312-3400 or via email at [email protected]
MarketBeat Community Rating for CoBiz Financial (NASDAQ COBZ)
MarketBeat's community ratings are surveys of what our community members think about CoBiz Financial and other stocks. Vote "Outperform" if you believe COBZ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe COBZ will underperform the S&P 500 over the long term. You may vote once every thirty days.
