CoBiz Financial Inc (NASDAQ:COBZ) declared a dividend on Friday, July 20th, Fidelity reports. Shareholders of record on Monday, July 30th will be given a dividend of 0.10 per share by the bank on Monday, August 6th. The ex-dividend date is Friday, July 27th.
CoBiz Financial has raised its dividend by an average of 11.9% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. CoBiz Financial has a dividend payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CoBiz Financial to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 29.4%.
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NASDAQ COBZ opened at $22.10 on Friday. The stock has a market cap of $936.29 million, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.79 and a beta of 1.19. CoBiz Financial has a fifty-two week low of $16.27 and a fifty-two week high of $23.48. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.39.
CoBiz Financial (NASDAQ:COBZ) last released its quarterly earnings data on Thursday, April 26th. The bank reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The business had revenue of $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%. analysts forecast that CoBiz Financial will post 1.23 EPS for the current year.
A number of equities analysts have weighed in on COBZ shares. BidaskClub lowered CoBiz Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 12th. ValuEngine upgraded CoBiz Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded CoBiz Financial from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, May 1st. Sandler O’Neill lowered CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, June 19th. Finally, Hovde Group lowered CoBiz Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $22.38.
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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