CoBiz Financial Inc (NASDAQ:COBZ) Director Mary M. White sold 741 shares of CoBiz Financial stock in a transaction on Friday, March 17th. The shares were sold at an average price of $17.00, for a total transaction of $12,597.00. Following the completion of the transaction, the director now owns 6,301 shares in the company, valued at approximately $107,117. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
CoBiz Financial Inc (NASDAQ:COBZ) traded down 2.53% during midday trading on Monday, reaching $16.92. 80,447 shares of the company traded hands. CoBiz Financial Inc has a 12 month low of $10.79 and a 12 month high of $17.99. The firm has a 50 day moving average of $17.27 and a 200-day moving average of $15.36. The stock has a market capitalization of $695.21 million, a price-to-earnings ratio of 20.14 and a beta of 1.24.
CoBiz Financial (NASDAQ:COBZ) last released its quarterly earnings data on Thursday, January 26th. The company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The firm had revenue of $39.26 million for the quarter, compared to analyst estimates of $39.43 million. CoBiz Financial had a net margin of 21.55% and a return on equity of 12.18%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. Analysts forecast that CoBiz Financial Inc will post $0.89 EPS for the current fiscal year.
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Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of CoBiz Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. Hovde Group upgraded shares of CoBiz Financial from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Friday, March 10th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in CoBiz Financial during the fourth quarter valued at $5,780,000. Perkins Investment Management LLC raised its position in CoBiz Financial by 22.9% in the third quarter. Perkins Investment Management LLC now owns 1,061,297 shares of the company’s stock valued at $14,126,000 after buying an additional 197,580 shares in the last quarter. Macquarie Group Ltd. raised its position in CoBiz Financial by 27.5% in the second quarter. Macquarie Group Ltd. now owns 798,606 shares of the company’s stock valued at $9,344,000 after buying an additional 172,005 shares in the last quarter. John W. Rosenthal Capital Management Inc. bought a new position in CoBiz Financial during the fourth quarter valued at $2,111,000. Finally, RMB Capital Management LLC bought a new position in CoBiz Financial during the third quarter valued at $1,331,000. Hedge funds and other institutional investors own 81.11% of the company’s stock.
About CoBiz Financial
CoBiz Financial Inc (CoBiz) is a financial holding company. The Company operates in three segments: Commercial Banking, Fee-Based Lines, and Corporate Support and Other. The Commercial Banking segment offers commercial, real estate and private banking, as well as treasury management, interest-rate hedging and depository products.
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