November 24, 2016 - By Vivian Park
A calculated and well-grounded transaction was made by the director of Cobiz Financial Inc, Mr. Mary Rhinehart, a few days ago, when she unloaded number of shares – 1,000, totalling $15,380 US Dollars, at an average $15.4 for every share. Mary Rhinehart at the moment possess 0.01% of the company’s total market capitalization with ownership of 5,276 shares. The dated 23-11-2016 transaction’s Form 4 filed with the Security Exchange Commission is freely obtainable here.
Out of 4 analysts covering CoBiz Financial Inc (NASDAQ:COBZ), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $14 is the highest target while $13 is the lowest. The $13.63 average target is -11.67% below today’s ($15.43) stock price. CoBiz Financial Inc has been the topic of 8 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, October 24 by Macquarie Research. On Monday, April 25 the stock rating was initiated by Hovde Group with “Market Perform”. On Monday, August 17 the stock rating was upgraded by Zacks to “Sell”. The rating was maintained by RBC Capital Markets on Tuesday, February 16 with “Outperform”. The firm has “Outperform” rating given on Monday, October 19 by Macquarie Research. The rating was downgraded by Zacks to “Hold” on Monday, August 31.
Insitutional Activity: The institutional sentiment increased to 1.81 in 2016 Q2. Its up 0.67, from 1.14 in 2016Q1. The ratio is positive, as 10 funds sold all CoBiz Financial Inc shares owned while 25 reduced positions. 5 funds bought stakes while 35 increased positions. They now own 30.87 million shares or 2.00% less from 31.50 million shares in 2016Q1.
The United Kingdom-based Legal General Grp Public Ltd Com has invested 0% in CoBiz Financial Inc (NASDAQ:COBZ). Polaris Cap Mgmt Ltd holds 0.11% or 103,909 shares in its portfolio. Davidson Inv has invested 0% of its portfolio in CoBiz Financial Inc (NASDAQ:COBZ). Hsbc Hldg Public Limited Company accumulated 1.66M shares or 0.05% of the stock. Metropolitan Life Co Ny has 27,077 shares for 0% of their US portfolio. Penn Capital Management reported 807,237 shares or 0.54% of all its holdings. Us Bancorp De has 2,700 shares for 0% of their US portfolio. The Massachusetts-based Fmr Ltd Liability Corp has invested 0% in CoBiz Financial Inc (NASDAQ:COBZ). Deutsche Bancorp Ag last reported 0% of its portfolio in the stock. Eagle Asset Incorporated reported 529,532 shares or 0.04% of all its holdings. Jpmorgan Chase And accumulated 191,090 shares or 0% of the stock. Dimensional Fund Lp last reported 0.01% of its portfolio in the stock. Moreover, California Employees Retirement System has 0% invested in CoBiz Financial Inc (NASDAQ:COBZ) for 90,200 shares. Voya Investment Mngmt Ltd Liability reported 27,010 shares or 0% of all its holdings. Manufacturers Life Insurance The has 25,526 shares for 0% of their US portfolio.
Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 19 sales for $1.34 million net activity. Shares for $296,000 were sold by BURGAMY MICHAEL B. $19,452 worth of CoBiz Financial Inc (NASDAQ:COBZ) was sold by BANGERT STEVEN on Wednesday, October 26. 6,589 CoBiz Financial Inc (NASDAQ:COBZ) shares with value of $87,304 were sold by DALTON RICHARD J. OSTERTAG ROBERT sold $68,106 worth of stock or 5,195 shares. The insider ANDRICH LYNE B sold $87,555. Another trade for 1,000 shares valued at $15,380 was made by Rhinehart Mary K on Wednesday, November 23. Shares for $78,363 were sold by Huss Christopher S.
The stock decreased 0.52% or $0.08 during the last trading session, hitting $15.43. About 171,228 shares traded hands or 95.25% up from the average. CoBiz Financial Inc (NASDAQ:COBZ) has risen 28.08% since April 21, 2016 and is uptrending. It has outperformed by 22.75% the S&P500.
CoBiz Financial Inc. is a financial holding company. The company has a market cap of $653.29 million. The Firm operates in three divisions: Commercial Banking, Fee-Based Lines, and Corporate Support and Other. It has a 20.96 P/E ratio. The Commercial Banking segment offers commercial, real estate and private banking, as well as treasury management, interest-rate hedging and depository products.
According to Zacks Investment Research, “CoBiz Inc. is a financial holding company headquartered in Denver. The company operates Colorado Business Bank and Arizona Business Bank, full-service commercial banking institutions that offer a broad range of sophisticated banking services including credit, treasury management, investment and deposit products to a targeted customer base of professionals and small to mid-sized businesses. CoBiz also offers trust and fiduciary services through CoBiz Private Asset Management; property and casualty insurance brokerage and risk management consulting services through CoBiz Insurance; investment banking services through Green Manning & Bunch; the management of stock and bond portfolios for individuals and institutions through Alexander Capital Management Group; and employee and executive benefits consulting and wealth transfer services through Financial Designs.”
Analysts await CoBiz Financial Inc (NASDAQ:COBZ) to report earnings on February, 10. They expect $0.20 earnings per share, up 81.82% or $0.09 from last year’s $0.11 per share. COBZ’s profit will be $8.47M for 19.29 P/E if the $0.20 EPS becomes a reality. After $0.25 actual earnings per share reported by CoBiz Financial Inc for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.
Another recent and important CoBiz Financial Inc (NASDAQ:COBZ) news was published by Streetinsider.com which published an article titled: “Form 4 COBIZ FINANCIAL INC For: Nov 23 Filed by: Rhinehart Mary K” on November 23, 2016.
CoBiz Financial Inc. (CoBiz), incorporated on February 19, 1980, is a financial holding company. The Firm operates in three divisions: Commercial Banking, Fee-Based Lines, and Corporate Support and Other. The Company’s Commercial Banking segment offers commercial, real estate and private banking, as well as treasury management, interest-rate hedging and depository products. The Company’s Fee-Based Lines segment offers employee benefits brokerage and consulting, insurance brokerage and wealth management services. The Company’s subsidiary CoBiz Bank (the Bank) is a full-service business banking institution serving approximately two markets, including Colorado and Arizona. In Colorado, the Bank operates under the name Colorado Business Bank and has over 10 locations, including approximately nine in the Denver metropolitan area, and others in Boulder, Colorado Springs, Fort Collins and Vail. In Arizona, the Bank operates under the name Arizona Business Bank and has over five locations serving the Phoenix metropolitan area and the surrounding area of Maricopa County.
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By Vivian Park