Comments for COBZ - Stockpickr! Your Source for Stock Ideas

Comments for COBZ

Added By	Comments	Type	Date Added
Barrons	From Barron's 4/30/07 CoBiz [a $2.1 billion financial-services company serving Colorado and Arizona] reported 1Q07 EPS of 24 cents, 3 cents shy of both our estimate and the Street consensus due to seasonally weaker fee-based revenues...otherwise, a solid performance. Disciplined loan and deposit pricing, improved earning-asset mix, and year-end securities restructuring...drove margin up to 4.38%. COBZ [may] give back some of this increase...Deposit growth slowed to a still-impressive 10% annualized pace...Lowering '07 and '08 EPS estimates 3 cents, to $1.15 and $1.32...Target [drops] to 22 from 23 (19 times 2007E EPS), which still assumes COBZ shares deserve to trade at a 20% to 25% premium to average community bank.	Love	April 28, 2007