CoBiz Financial Inc. (COBZ) Shares Bought by Voya Investment Management LLC
Voya Investment Management LLC grew its holdings in CoBiz Financial Inc. (NASDAQ:COBZ) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,708 shares of the bank’s stock after acquiring an additional 1,698 shares during the period. Voya Investment Management LLC owned about 0.07% of CoBiz Financial worth $500,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of CoBiz Financial by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,908,216 shares of the bank’s stock valued at $33,203,000 after acquiring an additional 57,691 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of CoBiz Financial by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,703,546 shares of the bank’s stock worth $29,642,000 after buying an additional 35,154 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of CoBiz Financial by 8.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,684,676 shares of the bank’s stock worth $28,303,000 after buying an additional 127,945 shares in the last quarter. FMR LLC lifted its position in shares of CoBiz Financial by 2.4% in the second quarter. FMR LLC now owns 1,509,947 shares of the bank’s stock worth $26,273,000 after buying an additional 35,735 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of CoBiz Financial by 2.2% in the first quarter. Renaissance Technologies LLC now owns 527,800 shares of the bank’s stock worth $8,867,000 after buying an additional 11,600 shares in the last quarter. Institutional investors and hedge funds own 83.14% of the company’s stock.
Shares of CoBiz Financial Inc. (COBZ) opened at $20.46 on Tuesday. 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 company has a market capitalization of $859.03, a PE ratio of 22.35, a P/E/G ratio of 2.10 and a beta of 1.27. CoBiz Financial Inc. has a 52-week low of $12.42 and a 52-week high of $21.35.
CoBiz Financial (NASDAQ:COBZ) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.27 earnings per share for the quarter, topping 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 company had revenue of $42.76 million for the quarter, compared to analysts’ expectations of $41.13 million. analysts anticipate that CoBiz Financial Inc. will post 0.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Shareholders of record on Monday, October 30th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, October 27th. This represents a $0.22 annualized dividend and a yield of 1.08%. CoBiz Financial’s payout ratio is currently 24.18%.
In other CoBiz Financial news, CEO Scott Page sold 5,307 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $20.84, for a total transaction of $110,597.88. Following the sale, the chief executive officer now directly owns 60,239 shares of the company’s stock, valued at $1,255,380.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Beth Vitale sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $20.59, for a total value of $41,180.00. Following the sale, the director now directly owns 2,715 shares in the company, valued at $55,901.85. The disclosure for this sale can be found here. Insiders have sold 47,322 shares of company stock worth $986,106 over the last three months. 9.90% of the stock is currently owned by insiders.
A number of research firms recently commented on COBZ. Zacks Investment Research upgraded CoBiz Financial from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, October 24th. ValuEngine downgraded CoBiz Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $19.50 target price on shares of CoBiz Financial in a research report on Wednesday, July 26th. BidaskClub upgraded CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, DA Davidson reiterated 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 assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.13.
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About CoBiz Financial
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.
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