Waterstone Capital Management Lowers stake in CommunityOne Bancorp (COB)

CommunityOne Bancorp (COB) : Waterstone Capital Management reduced its stake in CommunityOne Bancorp by 59.04% during the most recent quarter end. The investment management company now holds a total of 206,735 shares of CommunityOne Bancorp which is valued at $2,646,208 after selling 298,022 shares in CommunityOne Bancorp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.CommunityOne Bancorp makes up approximately 1.85% of Waterstone Capital Management’s portfolio.

Other Hedge Funds, Including , Ejf Capital sold out all of its stake in COB during the most recent quarter. The investment firm sold 473,319 shares of COB which is valued $6,058,483.Renaissance Technologies boosted its stake in COB in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 56,100 shares of CommunityOne Bancorp which is valued at $718,080.Dimensional Fund Advisors Lp reduced its stake in COB by selling 2 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 14,223 shares of COB which is valued at $185,468. Armbruster Capital Management sold out all of its stake in COB during the most recent quarter. The investment firm sold 24 shares of COB which is valued $312.

CommunityOne Bancorp closed down -0.02 points or -0.15% at $13.46 with 14,008 shares getting traded on Thursday. Post opening the session at $13.45, the shares hit an intraday low of $13.38 and an intraday high of $13.54 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

CommunityOne Bancorp is a United States-based bank holding company. Through its ownership of CommunityOne Bank N.A. (the Bank) a national banking association the Company offers consumer mortgage and business banking services including loan deposit treasury management online and mobile banking services as well as wealth management and trust services to individual and small and middle market businesses through financial centers. The Company operates approximately 45 full service banking branches throughout central southern and western North Carolina and loan production offices in Raleigh and Winston-Salem North Carolina and Charleston South Carolina. In addition to the Bank the Company also owns FNB United Statutory Trust I FNB United Statutory Trust II and Catawba Valley Capital Trust II which were formed to facilitate the issuance of trust preferred securities. Its wealth management services include strategic credit trust and estate services and retirement planning.

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