CoBiz Financial Inc (NASDAQ:COBZ) EVP Richard J. Dalton sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $19.90, for a total transaction of $199,000.00. Following the transaction, the executive vice president now directly owns 73,259 shares of the company’s stock, valued at approximately $1,457,854.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of CoBiz Financial Inc (COBZ) opened at $20.15 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. CoBiz Financial Inc has a 52 week low of $15.39 and a 52 week high of $22.01. The stock has a market cap of $850.24, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19.
CoBiz Financial (NASDAQ:COBZ) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). CoBiz Financial had a return on equity of 12.44% and a net margin of 18.58%. The business had revenue of $43.09 million for the quarter, compared to analysts’ expectations of $43.10 million. sell-side analysts predict that CoBiz Financial Inc will post 1.23 EPS for the current year.
Several brokerages recently commented on COBZ. Zacks Investment Research lowered shares of CoBiz Financial from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. BidaskClub raised shares of CoBiz Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Sandler O’Neill set a $24.00 price target on shares of CoBiz Financial and gave the stock a “buy” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $23.00 price target on shares of CoBiz Financial in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating on shares of CoBiz Financial in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.38.
TRADEMARK VIOLATION NOTICE: This article was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://sportsperspectives.com/2018/03/14/cobiz-financial-inc-cobz-evp-sells-199000-00-in-stock.html.
CoBiz Financial Company Profile
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.
Receive News & Ratings for CoBiz Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoBiz Financial and related companies with MarketBeat.com's FREE daily email newsletter.