Banc Funds Co Has Lowered Cobiz Financial (COBZ) Stake; Patterson Companies (PDCO) Shorts Decreased By 9.66%

November 24, 2017 - By Hazel Jackson

Banc Funds Co Llc decreased Cobiz Financial Inc. (COBZ) stake by 8.33% reported in 2017Q2 SEC filing. Banc Funds Co Llc sold 146,790 shares as Cobiz Financial Inc. (COBZ)’s stock declined 10.16%. The Banc Funds Co Llc holds 1.62M shares with $28.12 million value, down from 1.76 million last quarter. Cobiz Financial Inc. now has $861.17M valuation. The stock decreased 0.63% or $0.13 on November 22, reaching $20.52. About shares traded. CoBiz Financial Inc (NASDAQ:COBZ) has risen 31.61% since November 24, 2016 and is uptrending. It has outperformed by 14.91% the S&P500.

Patterson Companies Incorporated (NASDAQ:PDCO) had a decrease of 9.66% in short interest. PDCO’s SI was 13.20 million shares in November as released by FINRA. Its down 9.66% from 14.61M shares previously. With 1.60 million avg volume, 8 days are for Patterson Companies Incorporated (NASDAQ:PDCO)’s short sellers to cover PDCO’s short positions. The SI to Patterson Companies Incorporated’s float is 16.29%. The stock increased 1.41% or $0.49 on November 22, reaching $35.29. About shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 4.97% since November 24, 2016 and is downtrending. It has underperformed by 21.67% the S&P500.




Since May 30, 2017, it had 0 insider buys, and 2 selling transactions for $500,473 activity. Another trade for 750 shares valued at $32,873 was made by GUGINO ANN B on Tuesday, May 30. 10,000 Patterson Companies, Inc. (NASDAQ:PDCO) shares with value of $467,600 were sold by Anderson Scott P.

Patterson Companies, Inc. is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The company has market cap of $3.42 billion. The Firm operates through three divisions: dental, animal health and corporate. It has a 20.76 P/E ratio. Dental and Animal health are strategic business units that offer similar services and products to different customer bases.

Investors sentiment decreased to 0.79 in 2017 Q2. Its down 0.16, from 0.95 in 2017Q1. It is negative, as 34 investors sold Patterson Companies, Inc. shares while 137 reduced holdings. 44 funds opened positions while 91 raised stakes. 83.93 million shares or 2.18% less from 85.80 million shares in 2017Q1 were reported. 26,838 are owned by State Treasurer State Of Michigan. Sg Americas Secs Llc has 4,798 shares. Aqr Capital Mgmt Limited Liability Com accumulated 0% or 13,769 shares. Brookstone Capital Management stated it has 0.03% in Patterson Companies, Inc. (NASDAQ:PDCO). Automobile Association reported 0.03% in Patterson Companies, Inc. (NASDAQ:PDCO). Kayne Anderson Rudnick Investment Mgmt Llc has 0.76% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 1.62M shares. Ubs Asset Mngmt Americas reported 284,762 shares. Clean Yield Grp reported 22,910 shares or 0.42% of all its holdings. 24,207 were reported by Panagora Asset. Duncker Streett And reported 1,100 shares. Gamco Investors Inc Et Al accumulated 1.28 million shares. 177,990 are held by Ahl Prtnrs Ltd Liability Partnership. The New York-based Oppenheimer Asset Management has invested 0.04% in Patterson Companies, Inc. (NASDAQ:PDCO). Cadence Mgmt Ltd Com has 9,868 shares for 0.03% of their portfolio. Kistler has invested 0.01% in Patterson Companies, Inc. (NASDAQ:PDCO).

Among 14 analysts covering Patterson Companies Inc. (NASDAQ:PDCO), 2 have Buy rating, 1 Sell and 11 Hold. Therefore 14% are positive. Patterson Companies Inc. had 27 analyst reports since August 28, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Wednesday, September 13 report. As per Wednesday, January 6, the company rating was upgraded by Evercore. The firm has “Sell” rating by Stifel Nicolaus given on Thursday, July 6. On Tuesday, July 11 the stock rating was downgraded by UBS to “Sell”. Craig Hallum maintained the shares of PDCO in report on Thursday, August 17 with “Hold” rating. The stock has “Hold” rating by Stifel Nicolaus on Thursday, November 16. UBS upgraded it to “Hold” rating and $40.0 target in Friday, August 25 report. The rating was maintained by Stifel Nicolaus on Tuesday, October 17 with “Sell”. The company was upgraded on Tuesday, January 3 by Robert W. Baird. Jefferies maintained the shares of PDCO in report on Wednesday, November 22 with “Hold” rating.

Analysts await CoBiz Financial Inc (NASDAQ:COBZ) to report earnings on January, 25. They expect $0.27 earnings per share, up 28.57% or $0.06 from last year’s $0.21 per share. COBZ’s profit will be $11.33 million for 19.00 P/E if the $0.27 EPS becomes a reality. After $0.27 actual earnings per share reported by CoBiz Financial Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 6 analysts covering CoBiz Financial Inc (NASDAQ:COBZ), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. CoBiz Financial Inc had 12 analyst reports since July 20, 2015 according to SRatingsIntel. The stock has “Hold” rating by Zacks on Monday, August 31. The stock of CoBiz Financial Inc (NASDAQ:COBZ) earned “Market Perform” rating by Hovde Group on Monday, April 25. The stock of CoBiz Financial Inc (NASDAQ:COBZ) has “Buy” rating given on Friday, July 21 by Keefe Bruyette & Woods. Piper Jaffray maintained CoBiz Financial Inc (NASDAQ:COBZ) rating on Monday, July 24. Piper Jaffray has “Hold” rating and $19.5000 target. The firm has “Sell” rating by Zacks given on Monday, August 17. As per Monday, October 24, the company rating was downgraded by Macquarie Research. The firm earned “Buy” rating on Tuesday, October 3 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained CoBiz Financial Inc (NASDAQ:COBZ) on Friday, October 20 with “Buy” rating. The firm has “Outperform” rating given on Tuesday, February 16 by RBC Capital Markets. Macquarie Research maintained CoBiz Financial Inc (NASDAQ:COBZ) rating on Monday, October 19. Macquarie Research has “Outperform” rating and $14 target.

Since June 2, 2017, it had 0 buys, and 2 sales for $250,850 activity. Huss Christopher S had sold 5,000 shares worth $86,750 on Monday, June 12. $164,100 worth of CoBiz Financial Inc (NASDAQ:COBZ) was sold by BANGERT STEVEN on Friday, June 2.

Investors sentiment increased to 1.77 in Q2 2017. Its up 0.63, from 1.14 in 2017Q1. It increased, as 2 investors sold COBZ shares while 24 reduced holdings. 12 funds opened positions while 34 raised stakes. 32.82 million shares or 2.20% more from 32.11 million shares in 2017Q1 were reported. Bsw Wealth Ptnrs accumulated 14,399 shares. Basswood Mngmt Ltd Liability Corporation reported 170,277 shares or 0.15% of all its holdings. Price T Rowe Assoc Md stated it has 0.02% in CoBiz Financial Inc (NASDAQ:COBZ). Elizabeth Park Capital Limited invested in 549,068 shares or 3.76% of the stock. Dalton Greiner Hartman Maher & holds 0.07% or 72,357 shares in its portfolio. Matarin Cap Management, Connecticut-based fund reported 32,808 shares. Penn Capital Mngmt holds 314,235 shares or 0.41% of its portfolio. Gabelli Funds Lc reported 0% of its portfolio in CoBiz Financial Inc (NASDAQ:COBZ). Metropolitan Life Insur New York holds 0% in CoBiz Financial Inc (NASDAQ:COBZ) or 26,608 shares. Schwab Charles Invest Management, California-based fund reported 180,101 shares. Tiaa Cref Inv Mngmt invested in 0% or 99,828 shares. Rhumbline Advisers owns 47,779 shares. Broadview Advsrs Limited Com holds 2.72% or 1.06 million shares. Ameritas Prtn reported 0% stake. Eagle Asset Mgmt holds 0.05% or 515,305 shares in its portfolio.

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