Insider Selling: CoBiz Financial CEO Unloads $171,150 in Stock (COBZ)
CoBiz Financial (NASDAQ:COBZ) CEO Scott Page unloaded 15,000 shares of CoBiz Financial stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $11.41, for a total transaction of $171,150.00. Following the completion of the transaction, the chief executive officer now directly owns 98,400 shares in the company, valued at approximately $1,122,744. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on COBZ. Analysts at Zacks upgraded shares of CoBiz Financial from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $12.70 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of CoBiz Financial from $12.50 to $13.00 in a research note on Monday, July 21st. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of CoBiz Financial from $13.00 to $14.00 in a research note on Monday, July 21st. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $12.74.
CoBiz Financial (NASDAQ:COBZ) traded down 0.09% during mid-day trading on Tuesday, hitting $11.50. The stock had a trading volume of 49,890 shares. CoBiz Financial has a 1-year low of $8.84 and a 1-year high of $12.45. The stock has a 50-day moving average of $11.27 and a 200-day moving average of $10.95. The company has a market cap of $460.1 million and a price-to-earnings ratio of 16.83.
CoBiz Financial (NASDAQ:COBZ) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.04. During the same quarter last year, the company posted $0.14 earnings per share. On average, analysts predict that CoBiz Financial will post $0.72 earnings per share for the current fiscal year.
CoBiz Financial Inc (NASDAQ:COBZ) is a diversified financial services company.
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