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3 Reasons To Invest In CoBiz Financial (COBZ) Stock Now

By Zacks Investment ResearchStock MarketsDec 13, 2017 01:55AM ET
www.investing.com/analysis/3-reasons-to-invest-in-cobiz-financial-cobz-stock-now-200272991
3 Reasons To Invest In CoBiz Financial (COBZ) Stock Now
By Zacks Investment Research   |  Dec 13, 2017 01:55AM ET
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CMA
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Underlying strength and earnings growth prospects make CoBiz Financial Inc. (NASDAQ:COBZ) a solid bet now. The company’s Zacks Consensus Estimate for the current-year earnings has been revised 6.6% upward over the last 60 days, indicating analysts’ optimism about its earnings growth potential.

As a result, the stock currently sports a Zacks Rank #1 (Strong Buy).

The company’s price performance also seems impressive. The stock has gained 23.2% in a year, outperforming 10.5% growth for the industry it belongs to.



Given the positive estimate revisions and a solid Zacks Rank, we expect that the stock still has upside potential.

Here are a few other aspects that make the stock an attractive investment option.

Earnings per Share (EPS) Growth: CoBiz Financial has witnessed EPS growth of nearly 7.7% in the last three-five years. This earnings momentum is likely to continue in the near term, as reflected by the company’s projected EPS growth of 15.1% for 2017, higher than the industry’s average growth of 12.9%.

Moreover, its projected EPS growth of 10% for the next three-five years indicates the continuation of the uptrend in earnings in the long term.

Further, the company has a decent earnings surprise history, having delivered an average beat of 6.7% in the trailing four quarters.

Revenue Strength: CoBiz Financial’s revenues have increased at a CAGR of 4.3% in the past five years (2012-2016). Moreover, the company’s projected sales growth of 9.6% and 9.7% for 2017 and 2018, respectively, are impressive.

Superior Return on Equity (ROE): CoBiz Financial has an ROE of 12.06%, better than the industry’s average of 10.23%. This shows that the company reinvests its cash more efficiently.

Other Stocks to Consider

A few other top-ranked stocks in the finance space are Waddell & Reed Financial, Inc. (NYSE:WDR) , Interactive Brokers Group, Inc. (NASDAQ:IBKR) and Comerica Incorporated (NYSE:CMA) .

Waddell & Reed has witnessed an upward earnings estimate revision of 4.8% for the current year, over the last 60 days. Its share price has increased 4.1% in the last 12 months. The company currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Interactive Brokers’ earnings estimate for the current year has been revised 5.8% upward over the past 60 days. Its shares have gained 59.1% in the last 12 months. It carries a Zacks Rank #2 (Buy).

Comerica Incorporated also carries a Zacks Rank of 2. The company witnessed an upward earnings estimate revision of 1.5% for the current year, over the last 60 days. Its share price has increased 27.2% in a year’s time.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>

Comerica Incorporated (CMA): Free Stock Analysis Report

CoBiz Financial Inc. (COBZ): Free Stock Analysis Report

Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report

Waddell & Reed Financial, Inc. (WDR): Free Stock Analysis Report

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Zacks Investment Research

3 Reasons To Invest In CoBiz Financial (COBZ) Stock Now
 

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3 Reasons To Invest In CoBiz Financial (COBZ) Stock Now

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