CoBiz Financial Inc (NASDAQ:COBZ) EVP David Pass sold 1,250 shares of CoBiz Financial stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $20.21, for a total value of $25,262.50. Following the completion of the sale, the executive vice president now directly owns 13,568 shares in the company, valued at $274,209.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of CoBiz Financial Inc (NASDAQ COBZ) traded up $0.22 during trading on Friday, reaching $20.57. The company had a trading volume of 313,110 shares, compared to its average volume of 99,826. CoBiz Financial Inc has a 52-week low of $15.39 and a 52-week high of $22.01. The stock has a market capitalization of $868.82, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 1.67 and a beta of 1.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.
CoBiz Financial (NASDAQ:COBZ) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.02). CoBiz Financial had a return on equity of 12.44% and a net margin of 18.58%. The company had revenue of $43.09 million for the quarter, compared to analysts’ expectations of $43.10 million. equities analysts predict that CoBiz Financial Inc will post 1.23 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in CoBiz Financial by 18.5% during the fourth quarter. BlackRock Inc. now owns 3,091,141 shares of the bank’s stock worth $61,792,000 after buying an additional 483,473 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in CoBiz Financial by 1.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,836,760 shares of the bank’s stock worth $36,717,000 after buying an additional 29,708 shares in the last quarter. Macquarie Group Ltd. lifted its position in CoBiz Financial by 13.9% during the third quarter. Macquarie Group Ltd. now owns 1,306,780 shares of the bank’s stock worth $25,665,000 after buying an additional 159,512 shares in the last quarter. Victory Capital Management Inc. lifted its position in CoBiz Financial by 111.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,029,878 shares of the bank’s stock worth $20,587,000 after buying an additional 543,620 shares in the last quarter. Finally, State Street Corp lifted its position in CoBiz Financial by 7.0% during the second quarter. State Street Corp now owns 703,050 shares of the bank’s stock worth $12,233,000 after buying an additional 46,139 shares in the last quarter. Hedge funds and other institutional investors own 82.28% of the company’s stock.
A number of analysts have recently issued reports on COBZ shares. Zacks Investment Research lowered CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $23.00 price target on shares of CoBiz Financial in a research note on Friday, December 22nd. BidaskClub raised CoBiz Financial from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine raised CoBiz Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Sandler O’Neill set a $24.00 price target on CoBiz Financial and gave the stock a “buy” rating in a research note on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.38.
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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.
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