November 30, 2016 - By Hazel Jackson · 0 Comments
The stock of Cobiz Financial Incorporated (NASDAQ:COBZ) registered an increase of 1.59% in short interest. COBZ’s total short interest was 1.11M shares in November as published by FINRA. Its up 1.59% from 1.09 million shares, reported previously. With 66,000 shares average volume, it will take short sellers 17 days to cover their COBZ’s short positions. The short interest to Cobiz Financial Incorporated’s float is 3.31%. The stock increased 0.20% or $0.03 on November 29, hitting $15.22. CoBiz Financial Inc (NASDAQ:COBZ) has risen 23.24% since April 27, 2016 and is uptrending. It has outperformed by 18.01% the S&P500.
CoBiz Financial Inc. is a financial holding company. The company has a market cap of $630.27 million. The Firm operates in three divisions: Commercial Banking, Fee-Based Lines, and Corporate Support and Other. It has a 20.67 P/E ratio. The Commercial Banking segment offers commercial, real estate and private banking, as well as treasury management, interest-rate hedging and depository products.
Insitutional Activity: The institutional sentiment increased to 1.81 in Q2 2016. Its up 0.67, from 1.14 in 2016Q1. The ratio improved, as 10 funds sold all CoBiz Financial Inc shares owned while 25 reduced positions. 5 funds bought stakes while 35 increased positions. They now own 30.87 million shares or 2.00% less from 31.50 million shares in 2016Q1.
Pear Tree Incorporated owns 103,909 shares or 0.51% of their US portfolio. Wellington Mngmt Group Ltd Liability Partnership has 3.01 million shares for 0.01% of their US portfolio. Hsbc Hldgs Public Limited has 1.66M shares for 0.05% of their US portfolio. Wells Fargo And Mn accumulated 21,144 shares or 0% of the stock. State Board Of Administration Of Florida Retirement System holds 38,820 shares or 0% of its portfolio. The Texas-based Teacher Retirement Systems Of Texas has invested 0% in CoBiz Financial Inc (NASDAQ:COBZ). Grp holds 0% or 21,413 shares in its portfolio. Martin And Tn has invested 0.26% of its portfolio in CoBiz Financial Inc (NASDAQ:COBZ). Davidson Invest accumulated 0% or 1,650 shares. Macquarie Grp Inc Ltd accumulated 798,606 shares or 0.02% of the stock. Broadview Ltd Limited Liability Company holds 1.11M shares or 1.94% of its portfolio. Barclays Public Ltd Liability Corp last reported 0% of its portfolio in the stock. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in CoBiz Financial Inc (NASDAQ:COBZ). Voya Investment Limited Co last reported 27,010 shares in the company. Nomura reported 12,694 shares or 0% of all its holdings.
Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 21 sales for $1.42 million net activity. On Thursday, August 4 Pass David sold $49,034 worth of the stock or 3,951 shares. Another trade for 5,522 shares valued at $72,946 was made by OSTERTAG ROBERT on Wednesday, September 7. Another trade for 6,742 shares valued at $89,871 was sold by Huss Christopher S. $22,965 worth of CoBiz Financial Inc (NASDAQ:COBZ) was sold by VITALE MARY BETH on Monday, November 28. BURGAMY MICHAEL B sold 20,000 shares worth $296,000. BANGERT STEVEN had sold 3,776 shares worth $57,660 on Monday, November 28. White Mary M also sold $15,202 worth of CoBiz Financial Inc (NASDAQ:COBZ) shares.
Out of 4 analysts covering CoBiz Financial Inc (NASDAQ:COBZ), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. CoBiz Financial Inc has been the topic of 8 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The stock of CoBiz Financial Inc (NASDAQ:COBZ) has “Hold” rating given on Monday, August 31 by Zacks. On Monday, April 25 the stock rating was initiated by Hovde Group with “Market Perform”. Macquarie Research maintained CoBiz Financial Inc (NASDAQ:COBZ) rating on Monday, October 19. Macquarie Research has “Outperform” rating and $14 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, February 16 report. The stock of CoBiz Financial Inc (NASDAQ:COBZ) earned “Sell” rating by Zacks on Monday, August 17. The rating was downgraded by Macquarie Research to “Neutral” on Monday, October 24.
CoBiz Financial Inc. (CoBiz), incorporated on February 19, 1980, is a financial holding company. The Firm operates in three divisions: Commercial Banking, Fee-Based Lines, and Corporate Support and Other. The Company’s Commercial Banking segment offers commercial, real estate and private banking, as well as treasury management, interest-rate hedging and depository products. The Company’s Fee-Based Lines segment offers employee benefits brokerage and consulting, insurance brokerage and wealth management services. The Company’s subsidiary CoBiz Bank (the Bank) is a full-service business banking institution serving approximately two markets, including Colorado and Arizona. In Colorado, the Bank operates under the name Colorado Business Bank and has over 10 locations, including approximately nine in the Denver metropolitan area, and others in Boulder, Colorado Springs, Fort Collins and Vail. In Arizona, the Bank operates under the name Arizona Business Bank and has over five locations serving the Phoenix metropolitan area and the surrounding area of Maricopa County.
More news for CoBiz Financial Inc (NASDAQ:COBZ) were recently published by: Streetinsider.com, which released: “Form 4 COBIZ FINANCIAL INC For: Nov 28 Filed by: VITALE MARY BETH” on November 30, 2016. Zacks.com‘s article titled: “Will CoBiz Financial (COBZ) Continue to Surge Higher?” and published on November 25, 2016 is yet another important article.
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By Hazel Jackson