CoBiz Financial Inc (COBZ) Director Mary M. White Sells 3,667 Shares of Stock
CoBiz Financial Inc (NASDAQ:COBZ) Director Mary M. White sold 3,667 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $17.06, for a total transaction of $62,559.02. Following the transaction, the director now directly owns 6,235 shares of the company’s stock, valued at $106,369.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of CoBiz Financial Inc (NASDAQ:COBZ) traded down 2.160% during mid-day trading on Monday, reaching $16.985. 56,680 shares of the company’s stock were exchanged. The company has a market capitalization of $697.88 million, a PE ratio of 20.220 and a beta of 1.24. CoBiz Financial Inc has a one year low of $10.79 and a one year high of $17.99. The company’s 50-day moving average price is $17.27 and its 200-day moving average price is $15.36.
CoBiz Financial (NASDAQ:COBZ) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. CoBiz Financial had a net margin of 21.55% and a return on equity of 12.18%. The business had revenue of $39.26 million for the quarter, compared to analysts’ expectations of $39.43 million. During the same period last year, the business earned $0.11 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts expect that CoBiz Financial Inc will post $0.89 earnings per share for the current year.
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Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in CoBiz Financial during the fourth quarter worth $5,780,000. Perkins Investment Management LLC boosted its stake in CoBiz Financial by 22.9% in the third quarter. Perkins Investment Management LLC now owns 1,061,297 shares of the company’s stock worth $14,126,000 after buying an additional 197,580 shares in the last quarter. Macquarie Group Ltd. boosted its stake in CoBiz Financial by 27.5% in the second quarter. Macquarie Group Ltd. now owns 798,606 shares of the company’s stock worth $9,344,000 after buying an additional 172,005 shares in the last quarter. John W. Rosenthal Capital Management Inc. purchased a new stake in CoBiz Financial during the fourth quarter worth $2,111,000. Finally, RMB Capital Management LLC purchased a new stake in CoBiz Financial during the third quarter worth $1,331,000. Institutional investors and hedge funds own 81.11% of the company’s stock.
A number of brokerages have commented on COBZ. Zacks Investment Research cut shares of CoBiz Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. Hovde Group raised shares of CoBiz Financial from a “market perform” rating to an “outperform” rating and set a $19.00 target price for the company in a report on Friday, March 10th.
About CoBiz Financial
CoBiz Financial Inc (CoBiz) is a financial holding company. The Company operates in three segments: Commercial Banking, Fee-Based Lines, and Corporate Support and Other. The Commercial Banking segment offers commercial, real estate and private banking, as well as treasury management, interest-rate hedging and depository products.
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