John W. Rosenthal Capital Management Inc. held its position in CoBiz Financial Inc. (NASDAQ:COBZ) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 125,000 shares of the bank’s stock at the end of the second quarter. CoBiz Financial comprises about 1.8% of John W. Rosenthal Capital Management Inc.’s holdings, making the stock its 23rd largest position. John W. Rosenthal Capital Management Inc. owned about 0.30% of CoBiz Financial worth $2,175,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of COBZ. Wellington Management Group LLP increased its position in CoBiz Financial by 22.9% in the first quarter. Wellington Management Group LLP now owns 2,819,215 shares of the bank’s stock valued at $47,363,000 after buying an additional 524,536 shares during the last quarter. Hartford Investment Management Co. acquired a new position in CoBiz Financial during the second quarter valued at $3,035,000. Goldman Sachs Group Inc. increased its position in CoBiz Financial by 8.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,684,676 shares of the bank’s stock valued at $28,303,000 after buying an additional 127,945 shares during the last quarter. Geode Capital Management LLC increased its position in CoBiz Financial by 32.6% in the first quarter. Geode Capital Management LLC now owns 361,533 shares of the bank’s stock valued at $6,073,000 after buying an additional 88,870 shares during the last quarter. Finally, Bridge City Capital LLC acquired a new position in CoBiz Financial during the second quarter valued at $1,413,000. Hedge funds and other institutional investors own 82.93% of the company’s stock.

Shares of CoBiz Financial Inc. (NASDAQ:COBZ) traded down 0.06% during trading on Monday, reaching $17.10. 10,661 shares of the company traded hands. CoBiz Financial Inc. has a 52 week low of $12.40 and a 52 week high of $18.85. The company has a market capitalization of $707.27 million, a P/E ratio of 19.21 and a beta of 1.20. The company’s 50-day moving average price is $17.31 and its 200-day moving average price is $16.85.

CoBiz Financial (NASDAQ:COBZ) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. CoBiz Financial had a return on equity of 12.09% and a net margin of 21.97%. The company had revenue of $40.32 million during the quarter, compared to the consensus estimate of $39.88 million. Equities research analysts forecast that CoBiz Financial Inc. will post $0.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Monday, July 31st were issued a $0.055 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This is an increase from CoBiz Financial’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 1.29%. CoBiz Financial’s payout ratio is presently 24.72%.

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Several equities analysts have recently weighed in on COBZ shares. Zacks Investment Research upgraded shares of CoBiz Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. DA Davidson reiterated a “neutral” rating on shares of CoBiz Financial in a research note on Friday, July 21st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.00 target price on shares of CoBiz Financial in a research note on Tuesday, May 2nd. BidaskClub upgraded shares of CoBiz Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $19.50 target price on shares of CoBiz Financial in a research note on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $19.13.

In other news, CEO Scott Page sold 8,057 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $17.68, for a total value of $142,447.76. Following the completion of the sale, the chief executive officer now directly owns 65,774 shares in the company, valued at $1,162,884.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven Bangert sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $16.41, for a total value of $164,100.00. Following the completion of the sale, the chief executive officer now owns 1,024,242 shares of the company’s stock, valued at $16,807,811.22. The disclosure for this sale can be found here. Insiders sold 42,543 shares of company stock valued at $738,866 over the last 90 days. Company insiders own 9.90% of the company’s stock.

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.

Institutional Ownership by Quarter for CoBiz Financial (NASDAQ:COBZ)

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