Wall Street brokerages expect that CoBiz Financial Inc (NASDAQ:COBZ) will report earnings per share of $0.29 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for CoBiz Financial’s earnings. CoBiz Financial reported earnings per share of $0.23 in the same quarter last year, which would suggest a positive year over year growth rate of 26.1%. The company is expected to report its next earnings report on Thursday, September 20th.

On average, analysts expect that CoBiz Financial will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.24. For the next year, analysts anticipate that the company will post earnings of $1.36 per share, with EPS estimates ranging from $1.35 to $1.37. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover CoBiz Financial.

CoBiz Financial (NASDAQ:COBZ) last released its quarterly earnings results on Thursday, August 2nd. The bank reported $0.27 EPS for the quarter, missing the Thomson Reuters’ 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%.

COBZ has been the topic of a number of analyst reports. ValuEngine downgraded shares of CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded shares of CoBiz Financial from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Piper Jaffray Companies reiterated a “hold” rating and set a $23.00 price objective on shares of CoBiz Financial in a research note on Friday, August 10th. DA Davidson reiterated a “neutral” rating on shares of CoBiz Financial in a research note on Friday, July 27th. Finally, BidaskClub downgraded shares of CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.94.

In other CoBiz Financial news, insider Jeremy Lindner sold 4,309 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $22.70, for a total transaction of $97,814.30. Following the sale, the insider now directly owns 16,527 shares in the company, valued at $375,162.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.47% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in CoBiz Financial by 0.4% during the first quarter. BlackRock Inc. now owns 3,104,204 shares of the bank’s stock worth $60,844,000 after buying an additional 13,063 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CoBiz Financial by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,957,230 shares of the bank’s stock valued at $42,041,000 after purchasing an additional 37,931 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of CoBiz Financial by 19.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,560,396 shares of the bank’s stock valued at $33,517,000 after purchasing an additional 254,478 shares in the last quarter. Water Island Capital LLC acquired a new stake in shares of CoBiz Financial in the 2nd quarter valued at approximately $31,461,000. Finally, Macquarie Group Ltd. boosted its stake in shares of CoBiz Financial by 9.1% in the 2nd quarter. Macquarie Group Ltd. now owns 1,266,665 shares of the bank’s stock valued at $27,208,000 after purchasing an additional 105,341 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

CoBiz Financial stock traded up $0.03 during trading hours on Friday, reaching $23.17. 290,800 shares of the stock were exchanged, compared to its average volume of 238,747. The company has a market capitalization of $978.11 million, a price-to-earnings ratio of 24.46, a PEG ratio of 1.90 and a beta of 0.98. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.38. CoBiz Financial has a twelve month low of $16.71 and a twelve month high of $23.48.

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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Earnings History and Estimates for CoBiz Financial (NASDAQ:COBZ)

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