CoBiz Financial Inc. (NASDAQ:COBZ) Director Mary M. White sold 1,000 shares of CoBiz Financial stock in a transaction that occurred 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 completion of 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 legal filing with the SEC, which is accessible through the SEC website.

Shares of CoBiz Financial Inc. (NASDAQ:COBZ) opened at 15.38 on Friday. CoBiz Financial Inc. has a 1-year low of $10.31 and a 1-year high of $15.68. The stock has a market cap of $630.52 million, a P/E ratio of 21.10 and a beta of 1.14. The company’s 50-day moving average is $13.60 and its 200 day moving average is $12.79.

CoBiz Financial (NASDAQ:COBZ) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The firm had revenue of $38.69 million for the quarter, compared to analyst estimates of $39.01 million. CoBiz Financial had a net margin of 19.24% and a return on equity of 10.79%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. Equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, November 7th. Shareholders 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 yield of 1.30%. CoBiz Financial’s dividend payout ratio is presently 26.67%.

Several analysts have commented on the stock. Macquarie cut shares of CoBiz Financial from an “outperform” rating to a “neutral” rating in a research note on Monday, October 24th. Zacks Investment Research upgraded 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 report on Monday, October 24th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $13.67.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Credit Suisse AG increased its stake in CoBiz Financial by 4.3% in the third quarter. Credit Suisse AG now owns 65,254 shares of the company’s stock valued at $869,000 after buying an additional 2,669 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in CoBiz Financial during the third quarter valued at about $349,000. Perkins Investment Management LLC increased its stake 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. Citadel Advisors LLC purchased a new stake in CoBiz Financial during the third quarter valued at about $698,000. Finally, Morgan Stanley increased its stake in 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 in the last quarter. Hedge funds and other institutional investors own 79.10% of the company’s stock.

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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

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