CoBiz Financial Inc. (COBZ) COO Sells $207,683.04 in Stock

CoBiz Financial Inc. (NASDAQ:COBZ) COO Richard J. Dalton sold 10,004 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $20.76, for a total value of $207,683.04. Following the transaction, the chief operating officer now directly owns 74,078 shares of the company’s stock, valued at approximately $1,537,859.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CoBiz Financial Inc. (NASDAQ:COBZ) traded up $0.27 during trading hours on Friday, reaching $20.11. The company had a trading volume of 172,000 shares, compared to its average volume of 106,086. The firm has a market capitalization of $837.91, a price-to-earnings ratio of 21.80, a PEG ratio of 2.05 and a beta of 1.27. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.40. CoBiz Financial Inc. has a fifty-two week low of $14.42 and a fifty-two week high of $21.35.

CoBiz Financial (NASDAQ:COBZ) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.27 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $42.76 million for the quarter, compared to analyst estimates of $41.13 million. sell-side analysts anticipate that CoBiz Financial Inc. will post 0.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 6th. Stockholders of record on Monday, October 30th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, October 27th. CoBiz Financial’s payout ratio is 24.18%.

COPYRIGHT VIOLATION NOTICE: “CoBiz Financial Inc. (COBZ) COO Sells $207,683.04 in Stock” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/11/richard-j-dalton-sells-10004-shares-of-cobiz-financial-inc-cobz-stock.html.

Several hedge funds have recently made changes to their positions in COBZ. Swiss National Bank boosted its stake in shares of CoBiz Financial by 4.8% during the first quarter. Swiss National Bank now owns 61,500 shares of the bank’s stock valued at $1,033,000 after purchasing an additional 2,800 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of CoBiz Financial by 4.1% during the first 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 in the last quarter. American International Group Inc. boosted its stake in shares of CoBiz Financial by 7.1% during the first quarter. American International Group Inc. now owns 22,906 shares of the bank’s stock valued at $385,000 after purchasing an additional 1,517 shares in the last quarter. FMR LLC boosted its stake in shares of CoBiz Financial by 4.8% during the first quarter. FMR LLC now owns 1,474,212 shares of the bank’s stock valued at $24,767,000 after purchasing an additional 67,565 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of CoBiz Financial by 5.3% during the first quarter. Teachers Advisors LLC now owns 90,573 shares of the bank’s stock valued at $1,522,000 after purchasing an additional 4,563 shares in the last quarter. 83.14% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded CoBiz Financial from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, October 24th. ValuEngine cut CoBiz Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub lowered CoBiz Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $19.50 price objective on shares of CoBiz Financial in a research note on Wednesday, July 26th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of CoBiz Financial in a research note on Friday, July 21st. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $20.13.

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)

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply