CoBiz Financial Inc (COBZ) is Trading Higher on Unusual Volume for February 17

Equities Staff |

CoBiz Financial Inc (COBZ) experienced unusually high volume on Feb. 17, as the stock gained 0.96% to a closing price of $10.49. The stock saw 252,864 shares trade hands over the course of the day on 816 trades. Given that the stock’s average daily volume over the last month has been 114,256 shares a day, this represents a pretty substantial spike over the norm.

CoBiz Financial Inc has a P/B ratio of 1.58. It also has a P/E ratio of 16.8. The stock has traded between $13.94 and $10.31 over the last 52-weeks, its 50-day SMA is now $12.11, and its 200-day SMA $12.51.

CoBiz Financial Inc is a diversified financial services company. The Company is a commercial banking institution with nine locations in the Denver metropolitan area. Its segments include Commercial Banking, Fee-Based Lines, and Corporate Support & Other.

Headquartered in Denver, CO, CoBiz Financial Inc has 532 employees and is currently under the leadership of CEO Steven Bangert.

For a complete fundamental analysis analysis of CoBiz Financial Inc, check out Equities.com’s Stock Valuation Analysis report for COBZ. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

THE IMPORTANCE OF THE RUSSELL 3000

The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.

With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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