CoBiz Financial Inc. (NASDAQ:COBZ) CEO Steven Bangert sold 3,776 shares of CoBiz Financial stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $15.27, for a total transaction of $57,659.52. Following the transaction, the chief executive officer now owns 1,142,491 shares of the company’s stock, valued at $17,445,837.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Steven Bangert also recently made the following trade(s): On Tuesday, August 30th, Steven Bangert sold 9,000 shares of CoBiz Financial stock. The shares were sold at an average price of $12.97, for a total transaction of $116,730.00.
CoBiz Financial Inc. (NASDAQ:COBZ) traded down 0.20% on Monday, hitting $15.19. 109,888 shares of the company were exchanged. The stock has a market capitalization of $622.73 million, a P/E ratio of 20.84 and a beta of 1.14. The company has a 50 day moving average price of $13.73 and a 200-day moving average price of $12.85. CoBiz Financial Inc. has a 52 week low of $10.31 and a 52 week high of $15.68.
CoBiz Financial (NASDAQ:COBZ) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.05. CoBiz Financial had a net margin of 19.24% and a return on equity of 10.79%. The business earned $38.69 million during the quarter, compared to analyst estimates of $39.01 million. During the same period in the prior year, the business earned $0.17 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities analysts expect that CoBiz Financial Inc. will post $0.85 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 31st were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $0.20 annualized dividend and a yield of 1.31%. CoBiz Financial’s dividend payout ratio (DPR) is presently 26.67%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of CoBiz Financial by 6.6% in the third quarter. BlackRock Inc. now owns 8,542 shares of the company’s stock valued at $114,000 after buying an additional 526 shares during the period. Aperio Group LLC bought a new position in shares of CoBiz Financial during the third quarter valued at approximately $143,000. Nomura Holdings Inc. bought a new position in shares of CoBiz Financial during the second quarter valued at approximately $150,000. BlackRock Group LTD raised its position in shares of CoBiz Financial by 69.6% in the second quarter. BlackRock Group LTD now owns 15,373 shares of the company’s stock valued at $180,000 after buying an additional 6,310 shares during the period. Finally, Morgan Stanley raised its position in shares of CoBiz Financial by 140.3% in the third quarter. Morgan Stanley now owns 15,457 shares of the company’s stock valued at $206,000 after buying an additional 9,025 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.
A number of research analysts recently weighed in on COBZ shares. Zacks Investment Research raised shares of CoBiz Financial from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research report on Monday, October 24th. Macquarie lowered shares of CoBiz Financial from an “outperform” rating to a “neutral” rating in a research report on Monday, October 24th. Two equities research 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 stock. CoBiz Financial has a consensus rating of “Buy” and an average target price of $13.67.
CoBiz Financial Company Profile