November 29, 2016 - By Hazel Jackson
Steven Bangert who is presently the Chairman/CEO of Cobiz Financial Inc lately sold 3,776 shares of the ‘s company. The insider transaction has $57,660 U.S Dollars total value, at an average stock price per share of $15.3. He also sold 1,467 shares worth about $19,452 USD in the last 30 days. This trade decreased his ownership of the company to 3.67% stock market cap or 1.50 million shares. A Form 4 obtainable for free here revealed this sale activity. It was revealed on November 28, 2016 and filled with Security Exchange Commission.
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 -10.27% below today’s ($15.19) stock price. CoBiz Financial Inc has been the topic of 8 analyst reports since July 20, 2015 according to StockzIntelligence Inc. Macquarie Research maintained CoBiz Financial Inc (NASDAQ:COBZ) on Monday, October 19 with “Outperform” rating. The rating was initiated by Hovde Group on Monday, April 25 with “Market Perform”. The stock of CoBiz Financial Inc (NASDAQ:COBZ) earned “Hold” rating by Zacks on Monday, August 31. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, February 16. Macquarie Research downgraded the shares of COBZ in a report on Monday, October 24 to “Neutral” rating. Zacks upgraded the stock to “Sell” rating in Monday, August 17 report.
Insitutional Activity: The institutional sentiment increased to 1.81 in Q2 2016. Its up 0.67, from 1.14 in 2016Q1. The ratio improved, 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.
Us Bancorporation De has 2,700 shares for 0% of their US portfolio. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in CoBiz Financial Inc (NASDAQ:COBZ) for 1,443 shares. California State Teachers Retirement Sys reported 78,001 shares or 0% of all its holdings. Stifel owns 237,065 shares or 0.01% of their US portfolio. Metropolitan Life New York reported 27,077 shares or 0% of all its holdings. Employees Retirement Association Of Colorado owns 16,938 shares or 0% of their US portfolio. Royal National Bank & Trust Of Canada last reported 0% of its portfolio in the stock. Wellington Mngmt Grp Llp has 3.01 million shares for 0.01% of their US portfolio. Millennium Limited Liability has 172,977 shares for 0% of their US portfolio. Moreover, Broadview Advsrs Lc has 1.94% invested in CoBiz Financial Inc (NASDAQ:COBZ) for 1.11 million shares. Fmr Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Moreover, Pear Tree Advisors has 0.51% invested in CoBiz Financial Inc (NASDAQ:COBZ) for 103,909 shares. Macquarie Grp Inc has 0.02% invested in the company for 798,606 shares. Hsbc Hldgs Pcl accumulated 1.66M shares or 0.05% of the stock. Invesco has 20,909 shares for 0% of their US portfolio.
Insider Transactions: Since July 25, 2016, the stock had 0 insider purchases, and 19 insider sales for $1.34 million net activity. 3,951 shares were sold by Pass David, worth $49,034. On Monday, November 14 Page Scott sold $83,247 worth of the stock or 5,441 shares. 20,000 shares were sold by BURGAMY MICHAEL B, worth $296,000. Shares for $116,730 were sold by BANGERT STEVEN on Tuesday, August 30. $78,363 worth of shares were sold by Huss Christopher S on Wednesday, July 27. The insider DALTON RICHARD J sold 6,589 shares worth $87,304. Another trade for 1,500 shares valued at $19,020 was made by DUMLAO TROY on Wednesday, August 10.
The stock decreased 0.20% or $0.03 during the last trading session, hitting $15.19. About 109,888 shares traded hands or 17.67% up from the average. CoBiz Financial Inc (NASDAQ:COBZ) has risen 23.64% since April 25, 2016 and is uptrending. It has outperformed by 17.63% the S&P500.
CoBiz Financial Inc. is a financial holding company. The company has a market cap of $621.70 million. The Firm operates in three divisions: Commercial Banking, Fee-Based Lines, and Corporate Support and Other. It has a 20.63 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 EPS, up 81.82% or $0.09 from last year’s $0.11 per share. COBZ’s profit will be $8.19 million for 18.99 P/E if the $0.20 EPS becomes a reality. After $0.25 actual EPS 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 Zacks.com which published an article titled: “Will CoBiz Financial (COBZ) Continue to Surge Higher?” on November 25, 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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