CoBiz Financial Inc (COBZ) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in CoBiz Financial Inc (NASDAQ:COBZ) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,215 shares of the bank’s stock after selling 3,112 shares during the quarter. Stifel Financial Corp owned approximately 0.57% of CoBiz Financial worth $4,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of CoBiz Financial by 0.4% in the 1st quarter. BlackRock Inc. now owns 3,104,204 shares of the bank’s stock valued at $60,844,000 after acquiring an additional 13,063 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of CoBiz Financial by 1.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,836,760 shares of the bank’s stock valued at $36,717,000 after acquiring an additional 29,708 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of CoBiz Financial by 26.8% in the 1st quarter. Victory Capital Management Inc. now owns 1,305,918 shares of the bank’s stock valued at $25,596,000 after acquiring an additional 276,040 shares during the last quarter. Broadview Advisors LLC increased its holdings in shares of CoBiz Financial by 1.3% in the 1st quarter. Broadview Advisors LLC now owns 841,018 shares of the bank’s stock valued at $16,484,000 after acquiring an additional 10,725 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in shares of CoBiz Financial by 22.8% in the 1st quarter. Eagle Asset Management Inc. now owns 563,842 shares of the bank’s stock valued at $11,051,000 after acquiring an additional 104,699 shares during the last quarter. Institutional investors and hedge funds own 79.56% of the company’s stock.

A number of research analysts recently issued reports on COBZ shares. Zacks Investment Research lowered CoBiz Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. BidaskClub upgraded CoBiz Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 17th. Finally, ValuEngine upgraded CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $22.38.

CoBiz Financial opened at $22.15 on Friday, MarketBeat.com reports. CoBiz Financial Inc has a 12-month low of $15.78 and a 12-month high of $23.48. The company has a market cap of $932.05 million, a P/E ratio of 23.32, a P/E/G ratio of 1.78 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.39.

CoBiz Financial (NASDAQ:COBZ) last released its quarterly earnings data on Thursday, April 26th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. CoBiz Financial had a return on equity of 13.50% and a net margin of 20.43%. The business had revenue of $43.57 million during the quarter, compared to analyst estimates of $43.66 million. equities analysts expect that CoBiz Financial Inc will post 1.23 EPS for the current fiscal year.

About CoBiz Financial

CoBiz Financial Inc, a diversified financial services company, provides various financial products and services in the United States. It operates through Commercial Banking and Fee-Based Lines segments. The Commercial Banking segment offers commercial, real estate, and private banking services, as well as treasury management, interest-rate hedging, and depository products.

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

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