CoBiz Financial Inc. (NASDAQ:COBZ) CFO Lyne B. Andrich sold 5,667 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $15.45, for a total value of $87,555.15. Following the transaction, the chief financial officer now owns 84,521 shares of the company’s stock, valued at $1,305,849.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

CoBiz Financial Inc. (NASDAQ:COBZ) remained flat at $15.43 during midday trading on Thursday. 171,228 shares of the company were exchanged. The stock has a market cap of $632.57 million, a price-to-earnings ratio of 21.17 and a beta of 1.14. CoBiz Financial Inc. has a 52-week low of $10.31 and a 52-week high of $15.68. The stock’s 50-day moving average is $13.60 and its 200 day moving average is $12.79.

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

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

The business also recently declared a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 31st were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.30%. CoBiz Financial’s payout ratio is 26.67%.

Several equities analysts have recently weighed in on the company. Macquarie cut CoBiz Financial from an “outperform” rating to a “neutral” rating in a report on Monday, October 24th. Zacks Investment Research upgraded CoBiz Financial from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a report on Monday, October 24th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.67.

Large investors have recently modified their holdings of the stock. American International Group Inc. boosted its stake in shares of CoBiz Financial by 0.7% in the second quarter. American International Group Inc. now owns 21,413 shares of the company’s stock valued at $251,000 after buying an additional 154 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of CoBiz Financial by 0.6% in the second quarter. First Trust Advisors LP now owns 59,859 shares of the company’s stock valued at $700,000 after buying an additional 365 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of CoBiz Financial by 0.8% in the third quarter. Rhumbline Advisers now owns 47,882 shares of the company’s stock valued at $637,000 after buying an additional 400 shares during the last quarter. BlackRock Inc. boosted its stake 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 last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of CoBiz Financial by 2.4% in the second quarter. Nationwide Fund Advisors now owns 29,394 shares of the company’s stock valued at $344,000 after buying an additional 689 shares during the last quarter. 79.10% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this story can be read at https://www.thecerbatgem.com/2016/11/24/cobiz-financial-inc-cobz-cfo-lyne-b-andrich-sells-5667-shares.html.

CoBiz Financial Company Profile

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.

5 Day Chart for NASDAQ:COBZ

Receive News & Stock Ratings for CoBiz Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoBiz Financial Inc. and related stocks with our FREE daily email newsletter.