Insider Buying: David L. Nielsen Purchases 5,000 Shares of CommunityOne Bancorp Stock (COB)
CommunityOne Bancorp (NYSE:COB) CFO David L. Nielsen purchased 5,000 shares of CommunityOne Bancorp stock on the open market in a transaction dated Monday, August 11th. The stock was purchased at an average cost of $9.44 per share, for a total transaction of $47,200.00. Following the purchase, the chief financial officer now directly owns 38,438 shares in the company, valued at approximately $362,855. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of CommunityOne Bancorp in a research note on Thursday, June 19th. They set a “market perform” rating and a $11.50 price target on the stock.
Shares of CommunityOne Bancorp (NYSE:COB) traded up 4.77% during mid-day trading on Wednesday, hitting $9.67. 4,849 shares of the company’s stock traded hands. CommunityOne Bancorp has a 52 week low of $8.10 and a 52 week high of $13.09. The stock’s 50-day moving average is $9.55 and its 200-day moving average is $10.35. The company has a market cap of $210.2 million and a price-to-earnings ratio of 19.43.
CommunityOne Bancorp (NYSE:COB) last announced its earnings results on Tuesday, July 29th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.02. On average, analysts predict that CommunityOne Bancorp will post $0.42 earnings per share for the current fiscal year.
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