Hennessy Advisors Inc. trimmed its holdings in Western New England Bancorp, Inc. (NASDAQ:WNEB - Free Report) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 400,000 shares of the financial services provider's stock after selling 40,000 shares during the quarter. Hennessy Advisors Inc. owned 1.90% of Western New England Bancorp worth $3,680,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its stake in Western New England Bancorp by 23.8% during the third quarter. Barclays PLC now owns 44,422 shares of the financial services provider's stock valued at $378,000 after buying an additional 8,532 shares in the last quarter. Empowered Funds LLC lifted its stake in Western New England Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 79,545 shares of the financial services provider's stock valued at $676,000 after buying an additional 4,020 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Western New England Bancorp by 2.8% during the second quarter. Renaissance Technologies LLC now owns 1,200,362 shares of the financial services provider's stock valued at $8,258,000 after buying an additional 32,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Western New England Bancorp by 16.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,605 shares of the financial services provider's stock valued at $702,000 after buying an additional 11,936 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Western New England Bancorp by 48.8% during the third quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider's stock valued at $419,000 after buying an additional 16,158 shares in the last quarter. 67.95% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Western New England Bancorp
In other news, SVP Darlene M. Libiszewski sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $9.18, for a total value of $45,900.00. Following the completion of the sale, the senior vice president now directly owns 16,020 shares of the company's stock, valued at $147,063.60. This represents a 23.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.80% of the stock is owned by insiders.
Western New England Bancorp Trading Up 0.4 %
WNEB stock traded up $0.04 during mid-day trading on Friday, reaching $9.09. 37,962 shares of the stock traded hands, compared to its average volume of 32,270. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Western New England Bancorp, Inc. has a 52-week low of $6.00 and a 52-week high of $10.08. The company has a market cap of $191.07 million, a P/E ratio of 17.48 and a beta of 0.70. The stock's fifty day moving average is $9.19 and its 200-day moving average is $8.63.
Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The company had revenue of $30.98 million during the quarter, compared to analysts' expectations of $17.39 million. Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. As a group, sell-side analysts expect that Western New England Bancorp, Inc. will post 0.52 earnings per share for the current year.
Western New England Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Thursday, November 7th. Western New England Bancorp's dividend payout ratio (DPR) is 53.85%.
About Western New England Bancorp
(
Free Report)
Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including interest-bearing and noninterest-bearing checking, commercial checking, business, nonprofit and municipal checking, savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyer's trust accounts.
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