CoBiz Financial Inc (NASDAQ:COBZ) CEO Steven Bangert sold 2,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $20.48, for a total transaction of $40,960.00. Following the completion of the sale, the chief executive officer now directly owns 1,006,359 shares of the company’s stock, valued at $20,610,232.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Steven Bangert also recently made the following trade(s):
- On Monday, November 6th, Steven Bangert sold 2,883 shares of CoBiz Financial stock. The shares were sold at an average price of $20.45, for a total transaction of $58,957.35.
- On Wednesday, October 25th, Steven Bangert sold 5,000 shares of CoBiz Financial stock. The shares were sold at an average price of $20.80, for a total transaction of $104,000.00.
Shares of CoBiz Financial Inc (NASDAQ:COBZ) traded down $0.08 during trading hours on Thursday, hitting $20.72. The stock had a trading volume of 138,844 shares, compared to its average volume of 107,179. CoBiz Financial Inc has a 52-week low of $15.39 and a 52-week high of $22.01. The stock has a market cap of $886.48, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.17 and a beta of 1.26. 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 (NASDAQ:COBZ) last announced its earnings results on Thursday, October 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $42.76 million for the quarter, compared to analyst estimates of $41.13 million. CoBiz Financial had a return on equity of 12.06% and a net margin of 21.95%. analysts forecast that CoBiz Financial Inc will post 0.97 earnings per share for the current year.
Several analysts have commented on the stock. Zacks Investment Research raised shares of CoBiz Financial from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a research report on Tuesday, October 24th. ValuEngine downgraded shares of CoBiz Financial from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, BidaskClub downgraded shares of CoBiz Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. 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. CoBiz Financial currently has a consensus rating of “Buy” and a consensus price target of $20.13.
Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc lifted its holdings in 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 in the last quarter. Aperio Group LLC acquired a new stake in shares of CoBiz Financial in the 2nd quarter worth $180,000. GSA Capital Partners LLP acquired a new stake in shares of CoBiz Financial in the 3rd quarter worth $206,000. Keybank National Association OH acquired a new stake in shares of CoBiz Financial in the 3rd quarter worth $224,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of CoBiz Financial by 4.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 12,887 shares of the bank’s stock worth $217,000 after purchasing an additional 504 shares during the last quarter. Institutional investors own 82.89% of the company’s stock.
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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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