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Elizabeth Park Capital Advisors LTD Cut Cobiz Financial (COBZ) Holding by $667,470 as Market Valuation Declined; Gillespie Robinson & Grimm Has Raised Its Holding in Ppg Industries (PPG) by $5.12 Million as Valuation Declined

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Fred Cummings decreased its stake in Cobiz Financial Inc (COBZ) by 5.68% based on its latest 2017Q4 regulatory filing with the SEC. Elizabeth Park Capital Advisors Ltd sold 35,130 shares as the company’s stock declined 5.55% with the market. The hedge fund run by Fred Cummings held 582,828 shares of the major banks company at the end of 2017Q4, valued at $11.65 million, down from 617,958 at the end of the previous reported quarter. Elizabeth Park Capital Advisors Ltd who had been investing in Cobiz Financial Inc for a number of months, seems to be less bullish one the $849.48 million market cap company. The stock increased 0.30% or $0.06 during the last trading session, reaching $20.29. About 152,122 shares traded or 29.03% up from the average. CoBiz Financial Inc. (NASDAQ:COBZ) has risen 19.91% since April 25, 2017 and is uptrending. It has outperformed by 8.36% the S&P500.

Gillespie Robinson & Grimm Inc increased its stake in Ppg Industries Inc (PPG) by 27.75% based on its latest 2017Q4 regulatory filing with the SEC. Gillespie Robinson & Grimm Inc bought 44,165 shares as the company’s stock declined 3.68% with the market. The institutional investor held 203,305 shares of the basic industries company at the end of 2017Q4, valued at $23.75 million, up from 159,140 at the end of the previous reported quarter. Gillespie Robinson & Grimm Inc who had been investing in Ppg Industries Inc for a number of months, seems to be bullish on the $ market cap company. The stock decreased 2.86% or $3.11 during the last trading session, reaching $105.77. About 2.37 million shares traded or Infinity% up from the average. PPG Industries, Inc. (NYSE:PPG) has risen 7.79% since April 25, 2017 and is uptrending. It has underperformed by 3.76% the S&P500.

Investors sentiment decreased to 1 in Q4 2017. Its down 0.14, from 1.14 in 2017Q3. It dropped, as 37 investors sold PPG shares while 245 reduced holdings. 86 funds opened positions while 197 raised stakes. 186.33 million shares or 0.01% more from 186.32 million shares in 2017Q3 were reported. Meristem Limited Liability Partnership accumulated 2,012 shares. Sumitomo Life Insur reported 0.12% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Clearbridge Invests Limited Liability Company has 5.32M shares. Reilly Fincl Advsrs Limited Company holds 0% or 205 shares. 5,887 were accumulated by Zeke Cap Limited Liability Company. Btim stated it has 0.81% in PPG Industries, Inc. (NYSE:PPG). The Ontario – Canada-based Ontario Teachers Pension Plan Board has invested 0.1% in PPG Industries, Inc. (NYSE:PPG). Moreover, Inv Partners Limited Oh Adv has 0.22% invested in PPG Industries, Inc. (NYSE:PPG) for 2,502 shares. Natl Bank Of America Corporation De has 2.50M shares for 0.05% of their portfolio. Amica Pension Fund Board Of Trustees reported 0.12% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Rothschild Corp Il accumulated 12,703 shares. Findlay Park Ptnrs Llp invested in 822,798 shares. Hall Laurie J Trustee has invested 0.05% in PPG Industries, Inc. (NYSE:PPG). Ontario – Canada-based 1832 Asset Mngmt Lp has invested 0.66% in PPG Industries, Inc. (NYSE:PPG). Clark Cap Mngmt Grp Incorporated Incorporated has invested 0.01% in PPG Industries, Inc. (NYSE:PPG).

Gillespie Robinson & Grimm Inc, which manages about $954.83M and $791.51 million US Long portfolio, decreased its stake in Schwab (Charles) Corp (NYSE:SCHW) by 26,375 shares to 603,435 shares, valued at $31.00M in 2017Q4, according to the filing. It also reduced its holding in Suntrust Banks (NYSE:STI) by 6,970 shares in the quarter, leaving it with 422,235 shares, and cut its stake in Becton Dickinson (NYSE:BDX).

Since February 22, 2018, it had 0 insider purchases, and 1 sale for $1.10 million activity.

Among 26 analysts covering PPG Industries (NYSE:PPG), 13 have Buy rating, 0 Sell and 13 Hold. Therefore 50% are positive. PPG Industries had 78 analyst reports since September 6, 2015 according to SRatingsIntel. The rating was downgraded by JP Morgan to “Neutral” on Friday, January 19. The rating was reinitiated by Credit Suisse on Tuesday, March 22 with “Outperform”. SunTrust maintained the stock with “Hold” rating in Friday, October 20 report. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Hold” rating by Credit Suisse on Tuesday, September 26. Argus Research downgraded PPG Industries, Inc. (NYSE:PPG) on Tuesday, October 25 to “Hold” rating. The firm has “Buy” rating by KeyBanc Capital Markets given on Tuesday, August 22. The rating was maintained by Deutsche Bank with “Hold” on Friday, July 21. The rating was upgraded by Seaport Global on Tuesday, July 26 to “Buy”. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Hold” rating by Deutsche Bank on Tuesday, October 11. Jefferies maintained the stock with “Buy” rating in Monday, May 29 report.

Elizabeth Park Capital Advisors Ltd, which manages about $166.10M and $309.74M US Long portfolio, upped its stake in Bankwell Finl Group Inc (NASDAQ:BWFG) by 21,000 shares to 54,864 shares, valued at $1.88 million in 2017Q4, according to the filing. It also increased its holding in Farmers Natil Banc Corp (NASDAQ:FMNB) by 37,830 shares in the quarter, for a total of 436,791 shares, and has risen its stake in Oceanfirst Finl Corp (NASDAQ:OCFC).

Since October 25, 2017, it had 0 insider purchases, and 4 insider sales for $352,023 activity. OSTERTAG ROBERT sold $358,978 worth of CoBiz Financial Inc. (NASDAQ:COBZ) on Friday, October 27. Another trade for 3,941 shares valued at $78,426 was made by BANGERT STEVEN on Wednesday, March 7. The insider Pass David sold $25,263. Shares for $49,334 were sold by Huss Christopher S. 2,335 shares were sold by ANDRICH LYNE B, worth $49,012.

Analysts await CoBiz Financial Inc. (NASDAQ:COBZ) to report earnings on April, 26. They expect $0.29 earnings per share, up 45.00% or $0.09 from last year’s $0.2 per share. COBZ’s profit will be $12.14 million for 17.49 P/E if the $0.29 EPS becomes a reality. After $0.25 actual earnings per share reported by CoBiz Financial Inc. for the previous quarter, Wall Street now forecasts 16.00% EPS growth.

PPG Industries, Inc. (NYSE:PPG) Institutional Positions Chart

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