CoBiz Financial Inc. (NASDAQ:COBZ) Director Mary Beth Vitale sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $20.59, for a total value of $41,180.00. Following the transaction, the director now owns 2,715 shares of the company’s stock, valued at $55,901.85. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

CoBiz Financial (NASDAQ:COBZ) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.04. The business had revenue of $42.76 million during the quarter, compared to analysts’ expectations of $41.13 million. CoBiz Financial had a return on equity of 12.06% and a net margin of 21.95%.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Monday, October 30th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, October 27th. CoBiz Financial’s dividend payout ratio (DPR) is presently 24.18%.

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A number of research analysts recently issued reports on COBZ shares. BidaskClub upgraded CoBiz Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. ValuEngine upgraded CoBiz Financial from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded CoBiz Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, July 26th. Piper Jaffray Companies reiterated a “hold” rating and set a $19.50 price objective on shares of CoBiz Financial in a research note on Wednesday, July 26th. Finally, DA Davidson reiterated a “neutral” rating on shares of CoBiz Financial in a research note on Friday, July 21st. Four equities 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’s stock. CoBiz Financial currently has a consensus rating of “Buy” and a consensus price target of $20.13.

Institutional investors have recently bought and sold shares of the company. Sit Investment Associates Inc. increased its position in shares of CoBiz Financial by 14.8% in the second quarter. Sit Investment Associates Inc. now owns 20,375 shares of the bank’s stock valued at $355,000 after buying an additional 2,625 shares in the last quarter. Swiss National Bank increased its position in shares of CoBiz Financial by 4.8% in the first quarter. Swiss National Bank now owns 61,500 shares of the bank’s stock valued at $1,033,000 after buying an additional 2,800 shares in the last quarter. Citadel Advisors LLC increased its position in shares of CoBiz Financial by 137.6% in the second quarter. Citadel Advisors LLC now owns 61,764 shares of the bank’s stock valued at $1,075,000 after buying an additional 35,764 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of CoBiz Financial by 14.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 180,101 shares of the bank’s stock valued at $3,134,000 after buying an additional 22,121 shares in the last quarter. Finally, Legato Capital Management LLC increased its position in shares of CoBiz Financial by 890.1% in the second quarter. Legato Capital Management LLC now owns 40,545 shares of the bank’s stock valued at $705,000 after buying an additional 36,450 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

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)

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