November 30, 2016 - By Darrin Black
director Mary Vitale of Cobiz Financial Inc, unloaded 1,500 of the stock exchange listed company shares having a value near $22,965 USD with an average of $15.3 stock price per share. This stock trade by Mr. Mary – was dated on November 29, 2016 and unveiled in a SEC’s Form 4 available here. Today, Mary Vitale owns 6,416 shares which make up exactly 0.02% of the Company’s market capitalization.
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 -10.45% below today’s ($15.22) stock price. CoBiz Financial Inc has been the topic of 8 analyst reports since July 20, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of COBZ in a report on Tuesday, February 16 with “Outperform” rating. The firm has “Outperform” rating given on Monday, October 19 by Macquarie Research. The stock of CoBiz Financial Inc (NASDAQ:COBZ) earned “Neutral” rating by Macquarie Research on Monday, October 24. The firm has “Hold” rating given on Monday, August 31 by Zacks. The stock of CoBiz Financial Inc (NASDAQ:COBZ) earned “Sell” rating by Zacks on Monday, August 17. The stock of CoBiz Financial Inc (NASDAQ:COBZ) earned “Market Perform” rating by Hovde Group on Monday, April 25.
Insitutional Activity: The institutional sentiment increased to 1.81 in Q2 2016. 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.
Nomura Hldg has invested 0% of its portfolio in CoBiz Financial Inc (NASDAQ:COBZ). Teacher Retirement Systems Of Texas has 0% invested in the company for 5,209 shares. Manufacturers Life Insur The accumulated 0% or 25,526 shares. Milestone Inc accumulated 0.05% or 25,937 shares. Blackrock Inc accumulated 8,016 shares or 0% of the stock. Fmr Limited Company last reported 0% of its portfolio in the stock. Broadview Ltd Liability has 1.94% invested in the company for 1.11M shares. Moreover, Ubs Asset Management Americas has 0% invested in CoBiz Financial Inc (NASDAQ:COBZ) for 12,797 shares. Jpmorgan Chase & last reported 191,090 shares in the company. Ny State Common Retirement Fund holds 0% of its portfolio in CoBiz Financial Inc (NASDAQ:COBZ) for 33,100 shares. Moreover, Voya Management Ltd Liability Com has 0% invested in CoBiz Financial Inc (NASDAQ:COBZ) for 27,010 shares. State Street has 586,241 shares for 0% of their US portfolio. Geode Mgmt Ltd accumulated 0% or 258,446 shares. Pear Tree Advsr Inc has 103,909 shares for 0.51% of their US portfolio. Teton Advsr last reported 0.14% of its portfolio in the stock.
Insider Transactions: Since July 25, 2016, the stock had 0 insider buys, and 20 selling transactions for $1.40 million net activity. Another trade for 5,441 shares valued at $83,247 was sold by Page Scott. The insider ANDRICH LYNE B sold 5,667 shares worth $87,555. Shares for $78,363 were sold by Huss Christopher S. Another trade for 6,000 shares valued at $75,720 was made by BANGERT STEVEN on Tuesday, August 9. DUMLAO TROY had sold 1,500 shares worth $19,020. The insider OSTERTAG ROBERT sold 5,522 shares worth $72,946. Rhinehart Mary K also sold $15,380 worth of CoBiz Financial Inc (NASDAQ:COBZ) shares.
The stock increased 0.20% or $0.03 on November 29, hitting $15.22. About 65,291 shares traded hands. CoBiz Financial Inc (NASDAQ:COBZ) has risen 22.01% since April 26, 2016 and is uptrending. It has outperformed by 16.75% the S&P500.
CoBiz Financial Inc. is a financial holding company. The company has a market cap of $630.27 million. The Firm operates in three divisions: Commercial Banking, Fee-Based Lines, and Corporate Support and Other. It has a 20.67 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 $8.28 million for 19.03 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 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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By Darrin Black