Todays Report: Today, 1,000 Shares of CoBiz Financial Inc. (COBZ) Stock are sold by Mary M. White

Today, 1,000 Shares of CoBiz Financial Inc. (COBZ) Stock are sold by Mary M. White

CoBiz Financial Inc. (NASDAQ:COBZ) Director Mary M. White sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $15.20, for a total transaction of $15,200.00. Following the sale, the director now directly owns 6,976 shares of the company’s stock, valued at $106,035.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of CoBiz Financial Inc. (NASDAQ:COBZ) opened at 15.38 on Friday. The company has a market capitalization of $630.52 million, a P/E ratio of 21.10 and a beta of 1.14. CoBiz Financial Inc. has a one year low of $10.31 and a one year high of $15.68. The firm has a 50-day moving average of $13.60 and a 200-day moving average of $12.79.

CoBiz Financial (NASDAQ:COBZ) last announced its earnings results on Thursday, October 20th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The firm had revenue of $38.69 million for the quarter, compared to the consensus estimate of $39.01 million. CoBiz Financial had a net margin of 19.24% and a return on equity of 10.79%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. Equities research analysts expect that CoBiz Financial Inc. will post $0.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 31st were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, October 27th. This represents a $0.20 annualized dividend and a yield of 1.30%. CoBiz Financial’s dividend payout ratio (DPR) is currently 26.67%.

A number of hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in CoBiz Financial by 9.9% in the first quarter. Wellington Management Group LLP now owns 3,274,667 shares of the company’s stock worth $38,707,000 after buying an additional 295,319 shares during the period. Barclays PLC increased its stake in CoBiz Financial by 12.2% in the first quarter. Barclays PLC now owns 27,381 shares of the company’s stock worth $301,000 after buying an additional 2,976 shares during the period. Endeavour Capital Advisors Inc. acquired a new stake in CoBiz Financial during the first quarter worth about $1,411,000. California State Teachers Retirement System increased its stake in CoBiz Financial by 1.4% in the second quarter. California State Teachers Retirement System now owns 78,001 shares of the company’s stock worth $913,000 after buying an additional 1,072 shares during the period. Finally, Swiss National Bank increased its stake in CoBiz Financial by 7.3% in the second quarter. Swiss National Bank now owns 58,700 shares of the company’s stock worth $687,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 79.10% of the company’s stock.

Several research firms recently issued reports on COBZ. Macquarie downgraded shares of CoBiz Financial from an “outperform” rating to a “neutral” rating in a report on Monday, October 24th. Zacks Investment Research raised shares of CoBiz Financial from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a report on Monday, October 24th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $13.67.

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