NEW YORK ( TheStreet) -- The ex-dividend date for CoBiz Financial (Nasdaq: COBZ) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $6.24 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for CoBiz Financial has been 117,400 shares per day over the past 30 days. CoBiz Financial has a market cap of $234 million and is part of the financial sector and banking industry. Shares are up 8% year to date as of the close of trading on Tuesday.

CoBiz Financial Inc., through its subsidiaries, provides various financial products and services. The company has a P/E ratio of 8.2, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CoBiz Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full CoBiz Financial Ratings Report.

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