CoBiz Financial Inc (NASDAQ:COBZ) EVP Richard J. Dalton sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $19.90, for a total value of $199,000.00. Following the sale, the executive vice president now directly owns 73,259 shares of the company’s stock, valued at $1,457,854.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
CoBiz Financial Inc (COBZ) opened at $20.13 on Tuesday. The firm has a market cap of $852.59, a P/E ratio of 25.48, a PEG ratio of 1.64 and a beta of 1.19. CoBiz Financial Inc has a 52 week low of $15.39 and a 52 week high of $22.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.
CoBiz Financial (NASDAQ:COBZ) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $43.09 million for the quarter, compared to the consensus estimate of $43.10 million. CoBiz Financial had a return on equity of 12.44% and a net margin of 18.58%. equities research analysts predict that CoBiz Financial Inc will post 1.23 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Martin & Co. Inc. TN grew its stake in shares of CoBiz Financial by 57.6% during the 3rd quarter. Martin & Co. Inc. TN now owns 111,009 shares of the bank’s stock worth $2,180,000 after acquiring an additional 40,585 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of CoBiz Financial by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 190,111 shares of the bank’s stock valued at $3,734,000 after buying an additional 10,010 shares during the last quarter. Grandeur Peak Global Advisors LLC acquired a new stake in shares of CoBiz Financial in the 3rd quarter valued at approximately $697,000. Macquarie Group Ltd. boosted its holdings in shares of CoBiz Financial by 13.9% in the 3rd quarter. Macquarie Group Ltd. now owns 1,306,780 shares of the bank’s stock valued at $25,665,000 after buying an additional 159,512 shares during the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in shares of CoBiz Financial in the 3rd quarter valued at approximately $947,000. 82.28% of the stock is owned by 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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