$0.29 EPS Expected for CoBiz Financial Inc. (COBZ)

June 19, 2018 - By Louis Casey

CoBiz Financial Inc. (NASDAQ:COBZ) LogoInvestors sentiment decreased to 1.17 in Q1 2018. Its down 0.57, from 1.74 in 2017Q4. It dropped, as 10 investors sold CoBiz Financial Inc. shares while 31 reduced holdings. 9 funds opened positions while 39 raised stakes. 31.86 million shares or 3.09% less from 32.87 million shares in 2017Q4 were reported.
Dimensional Fund Advsr Lp, a Texas-based fund reported 1.92M shares. Gabelli Funds Limited Liability Corp reported 0% stake. 29,100 are owned by Keybank Natl Association Oh. Blackrock has 0% invested in CoBiz Financial Inc. (NASDAQ:COBZ) for 3.10M shares. Forest Hill Limited Liability Co has 1.61% invested in CoBiz Financial Inc. (NASDAQ:COBZ) for 303,157 shares. Tudor Investment Corporation Et Al owns 11,958 shares for 0.01% of their portfolio. Wells Fargo & Mn holds 0% or 76,728 shares. Nbw Cap Limited Liability Company has invested 0.52% in CoBiz Financial Inc. (NASDAQ:COBZ). Swiss Natl Bank has invested 0% in CoBiz Financial Inc. (NASDAQ:COBZ). Renaissance Technology Ltd stated it has 567,500 shares or 0.01% of all its holdings. Us Bank & Trust De owns 3,201 shares. Schwab Charles Inv Inc invested in 0% or 197,415 shares. Penn Mgmt Inc reported 0.35% of its portfolio in CoBiz Financial Inc. (NASDAQ:COBZ). Goldman Sachs Grp reported 0.01% stake. Citadel Advisors Llc has invested 0% in CoBiz Financial Inc. (NASDAQ:COBZ).

Since March 7, 2018, it had 0 insider purchases, and 4 sales for $352,023 activity. Another trade for 3,941 shares valued at $78,426 was sold by BANGERT STEVEN. On Wednesday, March 7 the insider DALTON RICHARD J sold $199,000. Pass David sold $25,263 worth of stock.

Analysts expect CoBiz Financial Inc. (NASDAQ:COBZ) to report $0.29 EPS on July, 19.They anticipate $0.06 EPS change or 26.09 % from last quarter’s $0.23 EPS. COBZ’s profit would be $12.14 million giving it 18.86 P/E if the $0.29 EPS is correct. After having $0.31 EPS previously, CoBiz Financial Inc.’s analysts see -6.45 % EPS growth. The stock decreased 1.22% or $0.27 during the last trading session, reaching $21.88. About 2.17 million shares traded or 1480.06% up from the average. CoBiz Financial Inc. (NASDAQ:COBZ) has risen 36.53% since June 19, 2017 and is uptrending. It has outperformed by 23.96% the S&P500.

CoBiz Financial Inc. (NASDAQ:COBZ) Ratings Coverage

Among 3 analysts covering Cobiz Financial Inc (NASDAQ:COBZ), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Cobiz Financial Inc had 3 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Buy” rating by Sandler O’Neill given on Monday, January 29. Piper Jaffray maintained CoBiz Financial Inc. (NASDAQ:COBZ) rating on Monday, January 29. Piper Jaffray has “Hold” rating and $22.0 target. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods.

CoBiz Financial Inc., a diversified financial services company, provides various financial services and products in the United States. The company has market cap of $916.05 million. It operates through Commercial Banking and Fee-Based Lines divisions. It has a 24.64 P/E ratio. The Commercial Banking segment offers commercial, real estate, and private banking services; and treasury management, interest-rate hedging, and depository products.

More notable recent CoBiz Financial Inc. (NASDAQ:COBZ) news were published by: Benzinga.com which released: “COBIZ FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti …” on June 18, 2018, also Businesswire.com with their article: “COBIZ FINANCIAL INC. SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces Investigation of Merger” published on June 18, 2018, Prnewswire.com published: “ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of CoBiz Financial Inc.” on June 18, 2018. More interesting news about CoBiz Financial Inc. (NASDAQ:COBZ) were released by: Prnewswire.com and their article: “WeissLaw LLP: CoBiz Financial Inc. Acquisition May Not Be In The Best Interests of COBZ Shareholders” published on June 18, 2018 as well as Prnewswire.com‘s news article titled: “Shareholder Alert: Ademi & O’Reilly, LLP Investigates whether CoBiz Financial Inc. has obtained a Fair Price in its Sale …” with publication date: June 18, 2018.

CoBiz Financial Inc. (NASDAQ:COBZ) Institutional Positions Chart

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