Insider Trading at CommunityOne Bancorp (COB): John Bresnan Buys 2,615 Shares

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John Bresnan, director at CommunityOne Bancorp (NASDAQ:COB), completed an acquisition of 2,615 shares of Common Stock on last 15th August. The stock was bought directly and the insider paid a price of $9.56 per share. Following the purchase, Bresnan owns a total of 5,225 shares of CommunityOne Bancorp (NASDAQ:COB), a company that offers, through its subsidiaries, a complete line of consumer, wealth management, mortgage and business banking services.

Insider trading at hasn’t been very frequent this past year at the $205.97 million market cap company –this is the second transaction since January 1. However, Shawn Bergerson And Martin Kalish’s Waterstone Capital Management fund –which owns a total of 822,582 shares- reduced its exposure to CommunityOne Bancorp (NASDAQ:COB) by 15%.

Nonetheless, other hedge funds seem more bullish about this firm’s future. For instance, Emanuel J. Friedman’s Ejf Capital started a position in the company, with 832,390 shares, worth more than $8 million, over the second quarter of the year.

Disclosure: Pamela Gaviño holds no position in any stocks or funds mentioned. 

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