CoBiz Financial Inc (COBZ) EVP David Pass Sells 1,500 Shares of Stock

CoBiz Financial Inc (NASDAQ:COBZ) EVP David Pass sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $16.96, for a total value of $25,440.00. Following the sale, the executive vice president now owns 13,859 shares of the company’s stock, valued at $235,048.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

CoBiz Financial Inc (NASDAQ:COBZ) traded down 2.53% during midday trading on Monday, hitting $16.92. The company’s stock had a trading volume of 80,447 shares. CoBiz Financial Inc has a one year low of $10.79 and a one year high of $17.99. The company’s 50-day moving average is $17.27 and its 200 day moving average is $15.36. The company has a market cap of $695.21 million, a price-to-earnings ratio of 20.14 and a beta of 1.24.

CoBiz Financial (NASDAQ:COBZ) last issued its quarterly earnings data on Thursday, January 26th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. CoBiz Financial had a return on equity of 12.18% and a net margin of 21.55%. The company had revenue of $39.26 million for the quarter, compared to the consensus estimate of $39.43 million. During the same quarter last year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts predict that CoBiz Financial Inc will post $0.89 EPS for the current year.

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

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Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of CoBiz Financial during the fourth quarter worth $5,780,000. RMB Capital Management LLC bought a new stake in shares of CoBiz Financial during the third quarter worth $1,331,000. Teton Advisors Inc. increased its stake in shares of CoBiz Financial by 5.1% in the fourth quarter. Teton Advisors Inc. now owns 139,839 shares of the company’s stock worth $2,362,000 after buying an additional 6,800 shares during the last quarter. Martingale Asset Management L P bought a new stake in shares of CoBiz Financial during the fourth quarter worth $435,000. Finally, John W. Rosenthal Capital Management Inc. bought a new stake in shares of CoBiz Financial during the fourth quarter worth $2,111,000. 81.11% of the stock is currently owned by institutional investors.

COBZ has been the subject of a number of recent research reports. Zacks Investment Research downgraded CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Hovde Group upgraded CoBiz Financial from a “market perform” rating to an “outperform” rating and set a $19.00 price target for the company in a research note on Friday, March 10th.

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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