Analyst Ratings for CoBiz Financial Inc. (COBZ)Updated: 2017-07-27
Analysts covering CoBiz Financial Inc. (NASDAQ:COBZ) have given it a consensus rating of Overweight. About 30 days ago, COBZ was issued an average rating of Overweight.
6 analysts issued ratings on the stock, where 3 gave COBZ a buy rating, 0 issued an overweight rating, 3 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
COBZ was given price targets by several analysts. The most optimistic price target was 20, implying potential capital gains of 12.23 percent. The lowest price target was 17.5, which equates to a potential downside of -1.8 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 4.55 percent. The average change in earnings estimates over the last 90 days is 4.55 percent. Meanwhile, fiscal year estimates have been revised upwards by 2.87 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.15 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of COBZ to grow at a rate of -0.74 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of COBZ is -27.05.
In the trailing 52-weeks, COBZ hit 18.85 at the highest peak, while it's lowest trading point was 11.80. The current market price is above the trailing year's low by 51.02 percent, and below the high by 5.46 percent. COBZ has a price/earnings ratio of 20.02. Investors typically compare the P/E ratio to a company's peers in the industry. The COBZ value stock report compares COBZ to some of its peers using value stock charts. The stock has a market capitalization of $0.75271 billion. COBZ is estimated to release their earnings results for the quarter on 0000-00-00, days from today.