Victory Capital Management Inc. boosted its holdings in shares of CoBiz Financial Inc (NASDAQ:COBZ) by 111.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,029,878 shares of the bank’s stock after buying an additional 543,620 shares during the period. Victory Capital Management Inc.’s holdings in CoBiz Financial were worth $20,587,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Voya Investment Management LLC raised its holdings in CoBiz Financial by 6.3% during the second quarter. Voya Investment Management LLC now owns 28,708 shares of the bank’s stock worth $500,000 after buying an additional 1,698 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in CoBiz Financial by 16.3% during the second quarter. Parametric Portfolio Associates LLC now owns 14,992 shares of the bank’s stock worth $261,000 after buying an additional 2,105 shares during the last quarter. Wells Fargo & Company MN raised its holdings in CoBiz Financial by 5.3% during the second quarter. Wells Fargo & Company MN now owns 42,935 shares of the bank’s stock worth $746,000 after buying an additional 2,180 shares during the last quarter. New York State Common Retirement Fund raised its holdings in CoBiz Financial by 8.4% during the second quarter. New York State Common Retirement Fund now owns 38,600 shares of the bank’s stock worth $672,000 after buying an additional 2,999 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in CoBiz Financial by 4.2% during the second quarter. California Public Employees Retirement System now owns 92,200 shares of the bank’s stock worth $1,604,000 after buying an additional 3,700 shares during the last quarter. Hedge funds and other institutional investors own 84.44% of the company’s stock.

COBZ has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of CoBiz Financial from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $23.00 target price on shares of CoBiz Financial in a research note on Friday, December 22nd. BidaskClub lowered shares of CoBiz Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. ValuEngine upgraded shares of CoBiz Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Piper Jaffray Companies reiterated a “hold” rating on shares of CoBiz Financial in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. CoBiz Financial currently has a consensus rating of “Buy” and a consensus price target of $21.70.

Shares of CoBiz Financial Inc (COBZ) opened at $18.95 on Tuesday. CoBiz Financial Inc has a one year low of $15.39 and a one year high of $22.01. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.40. The stock has a market cap of $804.23, a price-to-earnings ratio of 23.99, a PEG ratio of 1.54 and a beta of 1.17.

The company also recently announced a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Monday, January 29th were paid a $0.055 dividend. The ex-dividend date was Friday, January 26th. This represents a $0.22 annualized dividend and a dividend yield of 1.16%. CoBiz Financial’s payout ratio is 27.85%.

In other news, CEO Steven Bangert sold 2,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $20.48, for a total value of $40,960.00. Following the completion of the sale, the chief executive officer now owns 1,006,359 shares in the company, valued at approximately $20,610,232.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.90% of the company’s stock.

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CoBiz Financial Company Profile

CoBiz Financial Inc is a financial holding company. The Company provides a range of banking and related services through its subsidiaries, CoBiz Bank (Bank), CoBiz Insurance, Inc and CoBiz IM, Inc (CoBiz IM). The Company’s segments include Commercial Banking, Fee-Based Lines, and Corporate Support and Other.

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

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