Cobiz Financial Inc (NASDAQ:COBZ) 2018 Q1 Sentiment Report

July 27, 2018 - By Catherine Diaz

CoBiz Financial Inc. (NASDAQ:COBZ) Logo

Sentiment for Cobiz Financial Inc (NASDAQ:COBZ)

Cobiz Financial Inc (NASDAQ:COBZ) institutional sentiment decreased to 1.17 in Q1 2018. Its down -0.57, from 1.74 in 2017Q4. The ratio fall, as 48 hedge funds started new and increased positions, while 41 reduced and sold their stakes in Cobiz Financial Inc. The hedge funds in our partner’s database now possess: 31.86 million shares, down from 32.87 million shares in 2017Q4. Also, the number of hedge funds holding Cobiz Financial Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 31 Increased: 39 New Position: 9.

CoBiz Financial Inc., a diversified financial services company, provides various financial services and products in the United States. The company has market cap of $932.24 million. It operates through Commercial Banking and Fee-Based Lines divisions. It has a 24.98 P/E ratio. The Commercial Banking segment offers commercial, real estate, and private banking services; and treasury management, interest-rate hedging, and depository products.

The stock increased 0.09% or $0.02 during the last trading session, reaching $22.18. About 610,306 shares traded or 76.23% up from the average. CoBiz Financial Inc. (NASDAQ:COBZ) has risen 36.53% since July 27, 2017 and is uptrending. It has outperformed by 23.96% the S&P500.

Elizabeth Park Capital Advisors Ltd. holds 3.26% of its portfolio in CoBiz Financial Inc. for 582,828 shares. Broadview Advisors Llc owns 841,018 shares or 2.7% of their US portfolio. Moreover, Fsi Group Llc has 2.21% invested in the company for 120,257 shares. The Arkansas-based Forest Hill Capital Llc has invested 1.61% in the stock. Martin & Co Inc Tn, a Tennessee-based fund reported 115,269 shares.

Since January 1, 0001, it had 0 buys, and 4 selling transactions for $352,023 activity.

CoBiz Financial Inc. (NASDAQ:COBZ) Ratings Coverage

Ratings analysis reveals 0 of Cobiz Financial Inc’s analysts are positive. Out of 2 Wall Street analysts rating Cobiz Financial Inc, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $22.0 while the high is $24.0. The stock’s average target of $23 is 3.70% above today’s ($22.18) share price. COBZ was included in 3 notes of analysts from January 29, 2018. Piper Jaffray maintained the stock with “Hold” rating in Monday, January 29 report. Sandler O’Neill maintained CoBiz Financial Inc. (NASDAQ:COBZ) on Monday, January 29 with “Buy” rating. Sandler O’Neill downgraded CoBiz Financial Inc. (NASDAQ:COBZ) on Tuesday, June 19 to “Hold” rating.

More recent CoBiz Financial Inc. (NASDAQ:COBZ) news were published by: Bizjournals.com which released: “Merger mania rocks Colorado banking industry” on July 20, 2018. Also Benzinga.com published the news titled: “SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of CoBiz Financial, Inc. – COBZ” on July 25, 2018. Globenewswire.com‘s news article titled: “Bragar Eagel & Squire, PC Reminds Investors that it is Investigating the Board of Directors of Envision Healthcare …” with publication date: July 16, 2018 was also an interesting one.

CoBiz Financial Inc. (NASDAQ:COBZ) Institutional Positions Chart

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