Cobiz Financial Inc (COBZ): Michael B Burgamy , director of Cobiz Financial Inc sold 1,500 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $12.19 per share for a total value of $18,282.45 , 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 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.Also, On May 13, 2016, Noel N Rothman (director) sold 1,000 shares at $12.09 per share price.On May 10, 2016, Mary K Rhinehart (director) sold 1,000 shares at $11.80 per share price.
Shares of CoBiz Financial Inc (COBZ) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.34 points or -2.75% at $12.02 with 2,26,188 shares getting traded. Post opening the session at $12.22, the shares hit an intraday low of $11.97 and an intraday high of $12.32 and the price vacillated in this range throughout the day. The company has a market cap of $497,279 M and the number of outstanding shares has been calculated to be 41,37,10,00,000 shares. The 52-week high of CoBiz Financial Inc is $13.94 and the 52-week low is $10.3103.
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 Companys Commercial Banking segments offer commercial banking real estate banking private banking interest-rate hedging depository products and treasury management. The Companys Fee Based Line segment offers investment banking wealth management and insurance services. The Companys 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.