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General Electric Co (GE) Market Value Declined While Usca Ria Trimmed Its Position; Elizabeth Park Capital Advisors LTD Has Trimmed Cobiz Financial (COBZ) Position by $667,470

CoBiz Financial Inc. (NASDAQ:COBZ) Logo

Usca Ria Llc decreased its stake in General Electric Co (GE) by 34.44% based on its latest 2017Q4 regulatory filing with the SEC. Usca Ria Llc sold 63,009 shares as the company’s stock declined 23.20% with the market. The institutional investor held 119,965 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $2.09 million, down from 182,974 at the end of the previous reported quarter. Usca Ria Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $126.81 billion market cap company. The stock increased 2.96% or $0.42 during the last trading session, reaching $14.6. About 105.41M shares traded or 45.20% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since May 25, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

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 $11.65M, 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 $912.70 million market cap company. The stock decreased 0.68% or $0.15 during the last trading session, reaching $21.8. About 115,269 shares traded. CoBiz Financial Inc. (NASDAQ:COBZ) has risen 19.91% since May 25, 2017 and is uptrending. It has outperformed by 8.36% the S&P500.

Analysts await CoBiz Financial Inc. (NASDAQ:COBZ) to report earnings on July, 19. They expect $0.29 EPS, up 26.09% or $0.06 from last year’s $0.23 per share. COBZ’s profit will be $12.14 million for 18.79 P/E if the $0.29 EPS becomes a reality. After $0.31 actual EPS reported by CoBiz Financial Inc. for the previous quarter, Wall Street now forecasts -6.45% negative EPS growth.

Another recent and important CoBiz Financial Inc. (NASDAQ:COBZ) news was published by Globenewswire.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within NetScout, Entegris, Pinnacle Entertainment, First …” on May 03, 2018.

Since March 7, 2018, it had 0 buys, and 4 selling transactions for $352,023 activity. Shares for $78,426 were sold by BANGERT STEVEN on Wednesday, March 7. $199,000 worth of stock was sold by DALTON RICHARD J on Wednesday, March 7. 1,250 CoBiz Financial Inc. (NASDAQ:COBZ) shares with value of $25,263 were sold by Pass David.

Among 7 analysts covering CoBiz Financial Inc (NASDAQ:COBZ), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. CoBiz Financial Inc had 15 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Hold” rating by Piper Jaffray given on Monday, January 29. Macquarie Research downgraded CoBiz Financial Inc. (NASDAQ:COBZ) on Monday, October 24 to “Neutral” rating. The rating was maintained by Macquarie Research with “Outperform” on Monday, October 19. Keefe Bruyette & Woods maintained the shares of COBZ in report on Friday, October 20 with “Buy” rating. The stock of CoBiz Financial Inc. (NASDAQ:COBZ) earned “Hold” rating by Zacks on Monday, August 31. Zacks upgraded CoBiz Financial Inc. (NASDAQ:COBZ) on Monday, August 17 to “Sell” rating. The rating was maintained by Piper Jaffray with “Hold” on Monday, July 24. The rating was initiated by Hovde Group with “Market Perform” on Monday, April 25. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods. The company was maintained on Tuesday, February 16 by RBC Capital Markets.

Elizabeth Park Capital Advisors Ltd, which manages about $166.10M and $309.74M US Long portfolio, upped its stake in Connectone Bancorp Inc New (NASDAQ:CNOB) by 19,715 shares to 286,550 shares, valued at $7.38M in 2017Q4, according to the filing. It also increased its holding in Qcr Holdings Inc (NASDAQ:QCRH) by 19,456 shares in the quarter, for a total of 211,386 shares, and has risen its stake in Peapack (NASDAQ:PGC).

Investors sentiment increased to 1.74 in 2017 Q4. Its up 0.24, from 1.5 in 2017Q3. It increased, as 4 investors sold COBZ shares while 30 reduced holdings. 19 funds opened positions while 40 raised stakes. 32.87 million shares or 0.93% less from 33.18 million shares in 2017Q3 were reported. Invesco holds 26,131 shares or 0% of its portfolio. First Republic Management stated it has 0% in CoBiz Financial Inc. (NASDAQ:COBZ). Dalton Greiner Hartman Maher & Com reported 0.1% of its portfolio in CoBiz Financial Inc. (NASDAQ:COBZ). Geode Cap Mngmt, a Massachusetts-based fund reported 443,394 shares. United Fincl Advisers Ltd Liability Co invested 0% of its portfolio in CoBiz Financial Inc. (NASDAQ:COBZ). Tower Cap Ltd Liability Company (Trc) holds 1,106 shares or 0% of its portfolio. Hartford Mngmt reported 151,558 shares stake. Victory Management invested in 0.04% or 1.03M shares. Ftb Advsrs stated it has 0% in CoBiz Financial Inc. (NASDAQ:COBZ). Meeder Asset Management Inc invested 0% of its portfolio in CoBiz Financial Inc. (NASDAQ:COBZ). Teton Advsr accumulated 139,839 shares or 0.26% of the stock. Hillsdale Inv Inc accumulated 63,300 shares. 1.57 million are owned by Fmr Ltd Company. Broadview Advsrs Ltd Company reported 2.36% stake. 61,500 are owned by Swiss Bankshares.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It dropped, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Fukoku Mutual Life has 34,000 shares for 0.09% of their portfolio. Eos Ltd Partnership holds 0.29% or 50,000 shares. Halbert Hargrove Russell Ltd Co holds 0.06% or 13,365 shares. Ssi Invest Mngmt stated it has 0.03% of its portfolio in General Electric Company (NYSE:GE). Blue Finance Capital invested in 34,543 shares. Sfmg Ltd owns 22,977 shares. At Bancorp, a Iowa-based fund reported 96,385 shares. 50,819 are owned by Regent Investment Management Lc. Moreover, Empirical Finance Limited Liability has 0.12% invested in General Electric Company (NYSE:GE) for 32,478 shares. Highstreet Asset Management invested 0.1% in General Electric Company (NYSE:GE). Kornitzer Mngmt Ks owns 0.65% invested in General Electric Company (NYSE:GE) for 2.18 million shares. Commercial Bank Of Mellon Corporation reported 0.38% stake. Pennsylvania Tru Com has invested 0.58% in General Electric Company (NYSE:GE). Fayez Sarofim invested 0.01% of its portfolio in General Electric Company (NYSE:GE). 130,286 were accumulated by Fulton Savings Bank Na.

Since January 26, 2018, it had 1 buy, and 0 sales for $43,446 activity.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 103 analyst reports since July 21, 2015 according to SRatingsIntel. Bank of America downgraded General Electric Company (NYSE:GE) rating on Wednesday, April 26. Bank of America has “Neutral” rating and $31 target. Stifel Nicolaus maintained the stock with “Hold” rating in Sunday, December 10 report. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Tuesday, October 20 by S&P Research. Stifel Nicolaus downgraded the shares of GE in report on Tuesday, October 24 to “Hold” rating. RBC Capital Markets maintained it with “Hold” rating and $16.0 target in Monday, February 26 report. On Monday, October 9 the stock rating was maintained by J.P. Morgan with “Sell”. On Thursday, December 28 the stock rating was maintained by Tigress Financial with “Hold”. Morgan Stanley maintained the shares of GE in report on Monday, October 2 with “Equal-Weight” rating. The company was maintained on Monday, September 11 by Deutsche Bank. The rating was upgraded by TheStreet on Tuesday, July 21 to “Buy”.

More notable recent General Electric Company (NYSE:GE) news were published by: Bizjournals.com which released: “GE merges its locomotive business in $11B deal. What’s the Fort Worth impact?” on May 21, 2018, also Seekingalpha.com with their article: “GE: The Flannery Effect” published on May 24, 2018, Seekingalpha.com published: “Reuters: GE considering sale of insurance business” on May 22, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE Deflocks From The S&P 500” published on May 25, 2018 as well as Seekingalpha.com‘s news article titled: “General Electric’s Brilliant Move” with publication date: May 23, 2018.

Usca Ria Llc, which manages about $950.89 million and $906.03 million US Long portfolio, upped its stake in Whirlpool Corp (NYSE:WHR) by 9,837 shares to 11,870 shares, valued at $2.00M in 2017Q4, according to the filing. It also increased its holding in First Tr Exchange Traded Fd (HYLS) by 16,770 shares in the quarter, for a total of 38,103 shares, and has risen its stake in Vanguard Index Fds (VUG).

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 EPS, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56 billion for 20.28 P/E if the $0.18 EPS becomes a reality. After $0.16 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

General Electric Company (NYSE:GE) Institutional Positions Chart

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