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%.

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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.

Insider Buying and Selling by Quarter for CoBiz Financial (NASDAQ:COBZ)

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