Cobiz Financial Inc (COBZ) Files Form 4 Insider Selling : Steven Bangert Sells 13,000 Shares

Cobiz Financial Inc (COBZ): Steven Bangert , Chairman/CEO of Cobiz Financial Inc sold 13,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $12.63 per share for a total value of $164,190.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 20, 2016, Timothy J Travis (director) sold 498 shares at $12.22 per share price.On May 18, 2016, Michael B Burgamy (director) sold 1,500 shares at $12.19 per share price.Also, On May 13, 2016, Christopher S Huss (Capital Markets Director) sold 6,310 shares at $12.10 per share price.On May 13, 2016, Robert Ostertag (Chief Credit Officer) sold 4,068 shares at $11.87 per share price.

CoBiz Financial Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in CoBiz Financial Inc which led to swings in the share price. The shares opened for trading at $12.61 and hit $12.7 on the upside , eventually ending the session at $12.66, with a gain of 0.64% or 0.08 points. The heightened volatility saw the trading volume jump to 98,915 shares. The 52-week high of the share price is $13.94 and the company has a market cap of $524 M . The 52-week low of the share price is at $10.3103.

CoBiz Financial Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.CoBiz Financial Inc is Initiated by Hovde Group to Market Perform and the brokerage firm has set the Price Target at $13. The Rating was issued on Apr 25, 2016.

CoBiz Financial Inc. (CoBiz) is a financial holding Company. The Company operates in three segments: Commercial Banking; Fee-Based Lines and Corporate Support and Other. The Company’s Commercial Banking segments offer commercial banking real estate banking private banking interest-rate hedging depository products and treasury management. The Company’s Fee Based Line segment offers investment banking wealth management and insurance services. The Company’s wholly owned subsidiary CoBiz Bank (the Bank) is a service business banking institution serving two markets Colorado and Arizona. In Colorado the Bank operates under the name Colorado Business Bank at approximately 13 locations. In Arizona the Bank operates under the name Arizona Business Bank and has six locations serving the Phoenix metropolitan area. As of December 31 2014 the Company had total assets of $3.1 billion net loans of $2.4 billion and deposits of $2.5 billion.

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