CoBiz Financial Inc. (NASDAQ:COBZ) CEO Steven Bangert sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $17.62, for a total transaction of $140,960.00. Following the sale, the chief executive officer now owns 1,016,242 shares in the company, valued at approximately $17,906,184.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Steven Bangert also recently made the following trade(s):

  • On Friday, June 2nd, Steven Bangert sold 10,000 shares of CoBiz Financial stock. The shares were sold at an average price of $16.41, for a total transaction of $164,100.00.

Shares of CoBiz Financial Inc. (NASDAQ COBZ) traded down 2.40% during trading on Thursday, reaching $17.09. 86,992 shares of the company were exchanged. The company has a market capitalization of $706.86 million, a price-to-earnings ratio of 19.20 and a beta of 1.20. CoBiz Financial Inc. has a 1-year low of $11.80 and a 1-year high of $18.85. The stock’s 50 day moving average is $17.27 and its 200 day moving average is $16.89.

CoBiz Financial (NASDAQ:COBZ) last released 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. The company had revenue of $40.32 million for the quarter, compared to the consensus estimate of $39.88 million. CoBiz Financial had a net margin of 21.97% and a return on equity of 12.09%. Equities analysts anticipate that CoBiz Financial Inc. will post $0.92 earnings per share for the current year.

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

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Several analysts have recently weighed in on COBZ shares. BidaskClub upgraded shares of CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine upgraded shares of CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of CoBiz Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. DA Davidson reiterated a “neutral” rating on shares of CoBiz Financial in a research report on Friday, July 21st. Finally, Piper Jaffray Companies initiated coverage on shares of CoBiz Financial in a research report on Thursday, April 13th. They issued a “neutral” rating and a $18.50 target price on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. CoBiz Financial presently has an average rating of “Buy” and a consensus price target of $19.13.

A number of large investors have recently added to or reduced their stakes in COBZ. State Street Corp increased its stake in CoBiz Financial by 4.1% in the fourth quarter. State Street Corp now owns 636,216 shares of the bank’s stock worth $10,744,000 after buying an additional 25,178 shares during the last quarter. Teachers Advisors LLC increased its stake in CoBiz Financial by 14.7% in the fourth quarter. Teachers Advisors LLC now owns 86,010 shares of the bank’s stock worth $1,453,000 after buying an additional 11,022 shares during the last quarter. Macquarie Group Ltd. increased its stake in CoBiz Financial by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 899,766 shares of the bank’s stock worth $15,197,000 after buying an additional 62,869 shares during the last quarter. Legato Capital Management LLC increased its stake in CoBiz Financial by 1,580.0% in the first quarter. Legato Capital Management LLC now owns 68,796 shares of the bank’s stock worth $4,095,000 after buying an additional 64,701 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in CoBiz Financial by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 75,915 shares of the bank’s stock worth $1,275,000 after buying an additional 284 shares during the last quarter. 81.62% of the stock is currently owned by institutional investors.

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.

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

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