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 Ratio0.39
Current Ratio0.94
Quick Ratio0.94
Price-To-Earnings
Trailing P/E Ratio22.83
Forward P/E Ratio17.83
P/E Growth1.76
Sales & Book Value
Annual Sales$177.19 million
Price / Sales5.24
Cash Flow$1.0856 per share
Price / Cash20.20
Book Value$7.80 per share
Price / Book2.81
Profitability
EPS (Most Recent Fiscal Year)$0.95
Net Income$32.91 million
Net Margins20.43%
Return on Equity13.50%
Return on Assets1.16%
Miscellaneous
Employees538
Outstanding Shares42,370,000
Market Cap$919.34
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 declared a quarterly dividend on Friday, April 27th. Shareholders of record on Monday, May 7th will be paid a dividend of $0.10 per share on Monday, May 14th. This represents a $0.40 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, May 4th. This is an increase from CoBiz Financial's previous quarterly dividend of $0.06. View CoBiz Financial's Dividend History.
How were CoBiz Financial's earnings last quarter?
CoBiz Financial Inc (NASDAQ:COBZ) released its quarterly earnings data on Thursday, April, 26th. The bank reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The bank earned $43.57 million during the quarter, compared to analyst estimates of $43.66 million. CoBiz Financial had a return on equity of 13.50% and a net margin of 20.43%. View CoBiz Financial's Earnings History.
When is CoBiz Financial's next earnings date?
What price target have analysts set for COBZ?
5 equities research analysts have issued 1-year target prices for CoBiz Financial's shares. Their forecasts range from $19.50 to $24.00. On average, they expect CoBiz Financial's share price to reach $22.1667 in the next year. This suggests a possible upside of 1.1% from the stock's current price. View Analyst Ratings 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 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
Who are some of CoBiz Financial's key competitors?
Some companies that are related to CoBiz Financial include Community Bank System (CBU), First Financial Bancorp (FFBC), Fulton Financial (FULT), Old National Bancorp (ONB), Washington Federal (WAFD), Simmons First National (SFNC), FCB Financial (FCB), First Midwest Bancorp (FMBI), Centerstate Bank (CSFL), Cadence Bancorp (CADE), Hope Bancorp (HOPE), First Merchants (FRME), Trustmark (TRMK), WesBanco (WSBC) and BancFirst (BANF).
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?
Press coverage about COBZ stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CoBiz Financial earned a media sentiment score of 0.11 on Accern's scale. They also gave news headlines about the bank an impact score of 44.72 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are CoBiz Financial's major shareholders?
CoBiz Financial's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.29%). 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 buying CoBiz Financial stock?
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 $21.93.
How big of a company is CoBiz Financial?
CoBiz Financial has a market capitalization of $919.34 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.
