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.
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.
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.
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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.
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