CoBiz Financial Inc. (COBZ) CEO Steven Bangert Sells 2,883 Shares
CoBiz Financial Inc. (NASDAQ:COBZ) CEO Steven Bangert sold 2,883 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $20.45, for a total value of $58,957.35. Following the transaction, the chief executive officer now directly owns 1,008,359 shares of the company’s stock, valued at $20,620,941.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Steven Bangert also recently made the following trade(s):
- On Wednesday, October 25th, Steven Bangert sold 5,000 shares of CoBiz Financial stock. The stock was sold at an average price of $20.80, for a total value of $104,000.00.
CoBiz Financial Inc. (COBZ) traded down $0.44 during trading on Wednesday, hitting $19.70. The stock had a trading volume of 20,729 shares, compared to its average volume of 177,141. CoBiz Financial Inc. has a fifty-two week low of $12.59 and a fifty-two week high of $21.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $864.09, a P/E ratio of 22.48, a P/E/G ratio of 2.12 and a beta of 1.27.
CoBiz Financial (NASDAQ:COBZ) last posted its earnings results on Thursday, October 19th. The bank reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.04. CoBiz Financial had a return on equity of 12.06% and a net margin of 21.95%. The business had revenue of $42.76 million during the quarter, compared to the consensus estimate of $41.13 million. sell-side analysts forecast that CoBiz Financial Inc. will post 0.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 6th. Stockholders of record on Monday, October 30th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, October 27th. CoBiz Financial’s payout ratio is currently 24.18%.
TRADEMARK VIOLATION NOTICE: “CoBiz Financial Inc. (COBZ) CEO Steven Bangert Sells 2,883 Shares” was published by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.watchlistnews.com/cobiz-financial-inc-cobz-ceo-steven-bangert-sells-2883-shares/1688121.html.
Several research firms have recently issued reports on COBZ. Piper Jaffray Companies reaffirmed a “hold” rating and set a $19.50 price objective on shares of CoBiz Financial in a research report on Wednesday, July 26th. BidaskClub raised CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised CoBiz Financial from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, September 5th. ValuEngine raised CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, DA Davidson reaffirmed a “neutral” rating on shares of CoBiz Financial in a research report on Friday, July 21st. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. CoBiz Financial currently has a consensus rating of “Buy” and an average target price of $20.13.
Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc lifted its holdings in shares of CoBiz Financial by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 9,265 shares of the bank’s stock valued at $160,000 after purchasing an additional 371 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of CoBiz Financial in the 2nd quarter valued at about $180,000. Parametric Portfolio Associates LLC lifted its holdings in shares of CoBiz Financial by 4.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 12,887 shares of the bank’s stock valued at $217,000 after purchasing an additional 504 shares during the last quarter. Keybank National Association OH purchased a new stake in shares of CoBiz Financial in the 3rd quarter valued at about $224,000. Finally, BSW Wealth Partners lifted its holdings in shares of CoBiz Financial by 0.3% in the 2nd quarter. BSW Wealth Partners now owns 14,399 shares of the bank’s stock valued at $251,000 after purchasing an additional 43 shares during the last quarter. 83.14% of the stock is owned by institutional investors and hedge funds.
CoBiz Financial Company Profile
CoBiz Financial Inc is a financial holding company. The Company provides a range of banking and related services through its subsidiaries, CoBiz Bank (Bank), CoBiz Insurance, Inc and CoBiz IM, Inc (CoBiz IM). The Company’s segments include Commercial Banking, Fee-Based Lines, and Corporate Support and Other.
Receive News & Ratings for CoBiz Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoBiz Financial Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.