FSI Group LLC Sells 110,000 Shares of CoBiz Financial Inc (COBZ)

FSI Group LLC lessened its stake in shares of CoBiz Financial Inc (NASDAQ:COBZ) by 90.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,371 shares of the bank’s stock after selling 110,000 shares during the quarter. FSI Group LLC’s holdings in CoBiz Financial were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in CoBiz Financial during the 2nd quarter worth about $301,000. Gamco Investors INC. ET AL purchased a new stake in CoBiz Financial during the 2nd quarter worth about $503,000. Keybank National Association OH increased its position in CoBiz Financial by 8.1% during the 2nd quarter. Keybank National Association OH now owns 31,449 shares of the bank’s stock worth $676,000 after purchasing an additional 2,349 shares in the last quarter. Highland Capital Management LP purchased a new stake in CoBiz Financial during the 2nd quarter worth about $952,000. Finally, Engineers Gate Manager LP purchased a new stake in CoBiz Financial during the 2nd quarter worth about $1,120,000. Hedge funds and other institutional investors own 78.87% of the company’s stock.

COBZ opened at $22.14 on Friday. CoBiz Financial Inc has a 12 month low of $18.02 and a 12 month high of $23.55.

A number of research firms recently commented on COBZ. Zacks Investment Research upgraded CoBiz Financial from a “sell” rating to a “hold” rating in a research report on Friday, August 31st. BidaskClub upgraded CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Keefe, Bruyette & Woods cut CoBiz Financial from an “outperform” rating to a “market perform” rating and set a $24.50 price objective for the company. in a research report on Friday, July 27th. ValuEngine upgraded CoBiz Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $23.00 price target on shares of CoBiz Financial in a report on Friday, August 10th. Eight investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $20.94.

In other CoBiz Financial news, insider Jeremy Lindner sold 4,309 shares of CoBiz Financial stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $22.70, for a total value of $97,814.30. Following the completion of the sale, the insider now owns 16,527 shares in the company, valued at approximately $375,162.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.47% of the stock is owned by insiders.

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CoBiz Financial Company Profile

CoBiz Financial Inc, a diversified financial services company, provides various financial products and services in the United States. It operates through Commercial Banking and Fee-Based Lines segments. The Commercial Banking segment offers commercial, real estate, and private banking services, as well as treasury management, interest-rate hedging, and depository products.

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Institutional Ownership by Quarter for CoBiz Financial (NASDAQ:COBZ)

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