Cobiz Financial Inc (COBZ): Robert Ostertag , Chief Credit Officer of Cobiz Financial Inc sold 4,068 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $11.87 per share for a total value of $48,287.16 , 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, 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.Also, On Apr 29, 2016, Evan Makovsky (director) sold 1,500 shares at $12.46 per share price.On Apr 29, 2016, Mary Beth Vitale (director) sold 1,500 shares at $12.44 per share price.
CoBiz Financial Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in CoBiz Financial Inc which led to swings in the share price. The shares opened for trading at $11.9 and hit $12.02 on the upside , eventually ending the session at $11.96, with a gain of 1.18% or 0.14 points. The heightened volatility saw the trading volume jump to 33,681 shares. The 52-week high of the share price is $13.94 and the company has a market cap of $495 M . The 52-week low of the share price is at $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 is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 13 from a previous price target of $14 . The Rating was issued on Feb 16, 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.