CoBiz Financial Inc. (NASDAQ:COBZ) CEO Steven Bangert sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $20.48, for a total value of $40,960.00. Following the transaction, the chief executive officer now owns 1,006,359 shares in the company, valued at $20,610,232.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Steven Bangert also recently made the following trade(s):

  • On Monday, November 6th, Steven Bangert sold 2,883 shares of CoBiz Financial stock. The stock was sold at an average price of $20.45, for a total value of $58,957.35.
  • On Wednesday, October 25th, Steven Bangert sold 5,000 shares of CoBiz Financial stock. The stock was sold at an average price of $20.80, for a total value of $104,000.00.

CoBiz Financial Inc. (NASDAQ:COBZ) traded down $0.13 during trading hours on Thursday, reaching $20.52. The company’s stock had a trading volume of 54,000 shares, compared to its average volume of 106,968. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.40. CoBiz Financial Inc. has a one year low of $15.10 and a one year high of $21.35. The firm has a market capitalization of $861.17, a PE ratio of 22.69, a price-to-earnings-growth ratio of 2.14 and a beta of 1.26.

CoBiz Financial (NASDAQ:COBZ) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. CoBiz Financial had a return on equity of 12.06% and a net margin of 21.95%. The company had revenue of $42.76 million for the quarter, compared to analysts’ expectations of $41.13 million. equities analysts predict that CoBiz Financial Inc. will post 0.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 6th. Shareholders of record on Monday, October 30th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, October 27th. CoBiz Financial’s dividend payout ratio (DPR) is 24.44%.

TRADEMARK VIOLATION WARNING: This piece was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/11/23/insider-selling-cobiz-financial-inc-cobz-ceo-sells-40960-00-in-stock.html.

A number of large investors have recently added to or reduced their stakes in COBZ. Legal & General Group Plc lifted its stake in CoBiz Financial by 4.2% during the second quarter. Legal & General Group Plc now owns 9,265 shares of the bank’s stock worth $160,000 after purchasing an additional 371 shares in the last quarter. Aperio Group LLC acquired a new position in CoBiz Financial during the second quarter worth $180,000. GSA Capital Partners LLP acquired a new position in CoBiz Financial during the third quarter worth $206,000. Parametric Portfolio Associates LLC lifted its stake in CoBiz Financial by 4.1% during the first quarter. Parametric Portfolio Associates LLC now owns 12,887 shares of the bank’s stock worth $217,000 after purchasing an additional 504 shares in the last quarter. Finally, Keybank National Association OH acquired a new position in CoBiz Financial during the third quarter worth $224,000. Institutional investors own 83.87% of the company’s stock.

A number of research firms recently commented on COBZ. Piper Jaffray Companies reiterated a “hold” rating and issued a $19.50 price objective on shares of CoBiz Financial in a report on Wednesday, July 26th. Zacks Investment Research upgraded CoBiz Financial from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, July 26th. ValuEngine upgraded CoBiz Financial from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub cut CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $20.13.

About CoBiz Financial

CoBiz Financial Inc is a financial holding company. The Company provides a range of banking and related services through its subsidiaries, CoBiz Bank (Bank), CoBiz Insurance, Inc and CoBiz IM, Inc (CoBiz IM). The Company’s segments include Commercial Banking, Fee-Based Lines, and Corporate Support and Other.

Insider Buying and Selling by Quarter for CoBiz Financial (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.