Bsw Wealth Partners Lowers stake in CoBiz Financial Inc (COBZ)

CoBiz Financial Inc (COBZ) : Bsw Wealth Partners reduced its stake in CoBiz Financial Inc by 64.92% during the most recent quarter end. The investment management company now holds a total of 16,750 shares of CoBiz Financial Inc which is valued at $210,715 after selling 31,000 shares in CoBiz Financial Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.CoBiz Financial Inc makes up approximately 0.11% of Bsw Wealth Partners’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers reduced its stake in COBZ by selling 10,620 shares or 18.28% in the most recent quarter. The Hedge Fund company now holds 47,482 shares of COBZ which is valued at $597,324.Swiss National Bank boosted its stake in COBZ in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 58,700 shares of CoBiz Financial Inc which is valued at $727,880.California State Teachers Retirement System boosted its stake in COBZ in the latest quarter, The investment management firm added 1,072 additional shares and now holds a total of 78,001 shares of CoBiz Financial Inc which is valued at $967,212. Ftb Advisors added COBZ to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $2,470. Huntington National Bank sold out all of its stake in COBZ during the most recent quarter. The investment firm sold 3,310 shares of COBZ which is valued $41,441.

CoBiz Financial Inc opened for trading at $12.54 and hit $12.7 on the upside on Tuesday, eventually ending the session at $12.56, with a gain of 0.48% or 0.06 points. The heightened volatility saw the trading volume jump to 37,463 shares. Company has a market cap of $520 M.

On the company’s financial health, CoBiz Financial Inc reported $0.18 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $0.18.Analysts expectations of $ 37.90.During the same quarter in the previous year, the company posted $0.18 EPS.

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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