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CoBiz Financial Inc. (COBZ) CFO Lyne B Andrich sells 3,978 Shares

May 06, 2010 | About:
insider

insider

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CFO of CoBiz Financial Inc. (COBZ) Lyne B Andrich sells 3,978 shares of COBZ on 05/05/2010 at an average price of $6.71 a share.

Cobiz Financial Inc. has a market cap of $234.4 million; its shares were traded at around $6.38 with and P/S ratio of 1.5. The dividend yield of Cobiz Financial Inc. stocks is 0.6%.


This is the insider trade history vs. stock price of COBZ. For the complete insider trading history of COBZ, click here.




Directors and Officers Recent Trades:


  • Buy:: Director Evan Makovsky bought 2,500 shares of COBZ stock on 12/01/2009 at the average price of 4.13, the price of the stock has increased by 54.48% since.

  • Buy:: Capital Markets Director Christopher S Huss bought 10,000 shares of COBZ stock on 11/27/2009 at the average price of 4.06, the price of the stock has increased by 57.14% since.

  • Buy:: Capital Markets Director Christopher S Huss bought 5,000 shares of COBZ stock on 11/19/2009 at the average price of 4.21, the price of the stock has increased by 51.54% since.

  • Buy:: Capital Markets Director Christopher S Huss bought 19,238 shares of COBZ stock on 11/12/2009 at the average price of 4.38, the price of the stock has increased by 45.66% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.3/5 (7 votes)

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