Steven Bangert Sells 3,941 Shares of CoBiz Financial Inc (COBZ) Stock

CoBiz Financial Inc (NASDAQ:COBZ) CEO Steven Bangert sold 3,941 shares of CoBiz Financial stock in a transaction on Friday, March 9th. The shares were sold at an average price of $19.90, for a total transaction of $78,425.90. Following the completion of the sale, the chief executive officer now directly owns 1,022,724 shares of the company’s stock, valued at approximately $20,352,207.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

CoBiz Financial Inc (NASDAQ COBZ) opened at $20.19 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $852.59, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.64 and a beta of 1.19. CoBiz Financial Inc has a fifty-two week low of $15.39 and a fifty-two week high of $22.01.

How to Become a New Pot Stock Millionaire

CoBiz Financial (NASDAQ:COBZ) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.02). The firm had revenue of $43.09 million for the quarter, compared to analysts’ expectations of $43.10 million. CoBiz Financial had a return on equity of 12.44% and a net margin of 18.58%. sell-side analysts anticipate that CoBiz Financial Inc will post 1.23 earnings per share for the current fiscal year.

COBZ has been the subject of several research reports. BidaskClub downgraded shares of CoBiz Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research downgraded shares of CoBiz Financial from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $23.00 price target on shares of CoBiz Financial in a research report on Friday, December 22nd. ValuEngine raised shares of CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Sandler O’Neill set a $24.00 price target on shares of CoBiz Financial and gave the company a “buy” rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $22.38.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Grandeur Peak Global Advisors LLC boosted its holdings in CoBiz Financial by 70.9% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 60,687 shares of the bank’s stock worth $1,213,000 after acquiring an additional 25,187 shares during the last quarter. Martin & Co. Inc. TN boosted its holdings in CoBiz Financial by 2.7% during the 4th quarter. Martin & Co. Inc. TN now owns 114,014 shares of the bank’s stock worth $2,279,000 after acquiring an additional 3,005 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in CoBiz Financial during the 4th quarter worth $356,000. Millennium Management LLC boosted its holdings in CoBiz Financial by 747.3% during the 4th quarter. Millennium Management LLC now owns 520,706 shares of the bank’s stock worth $10,409,000 after acquiring an additional 459,249 shares during the last quarter. Finally, Forest Hill Capital LLC boosted its holdings in CoBiz Financial by 3.3% during the 4th quarter. Forest Hill Capital LLC now owns 302,657 shares of the bank’s stock worth $6,050,000 after acquiring an additional 9,800 shares during the last quarter. 82.28% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This piece was posted by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2018/03/12/steven-bangert-sells-3941-shares-of-cobiz-financial-inc-cobz-stock.html.

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.

Insider Buying and Selling by Quarter for CoBiz Financial (NASDAQ:COBZ)

Receive News & Ratings for CoBiz Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoBiz Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply