Cobiz Financial Inc (COBZ) Files Form 4 Insider Selling : Robert Ostertag Sells 5,195 Shares

Cobiz Financial Inc (COBZ): Robert Ostertag , Chief Credit Officer of Cobiz Financial Inc sold 5,195 shares on Sep 8, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $13.11 per share for a total value of $68,106.45 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2016, Robert Ostertag (Chief Credit Officer) sold 5,522 shares at $13.21 per share price.On Sep 9, 2016, Richard J Dalton (EVP & Chief Operations Officer) sold 6,589 shares at $13.25 per share price.Also, On Sep 1, 2016, Steven Bangert (Chairman/CEO) sold 9,000 shares at $12.97 per share price.On Aug 11, 2016, Troy Dumlao (SVP & Chief Accounting Officer) sold 1,500 shares at $12.68 per share price.

CoBiz Financial Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in CoBiz Financial Inc which led to swings in the share price. The shares opened for trading at $12.9 and hit $13.12 on the upside , eventually ending the session at $13.12, with a gain of 1.55% or 0.2 points. The heightened volatility saw the trading volume jump to 51,888 shares. The 52-week high of the share price is $13.94 and the company has a market cap of $544 M . The 52-week low of the share price is at $10.3103.

CoBiz Financial Inc Money Flow Index Chart

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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