Royce & Associates LP Sells 57,150 Shares of Western New England Bancorp, Inc. (NASDAQ:WNEB)

Royce & Associates LP lessened its stake in Western New England Bancorp, Inc. (NASDAQ:WNEB - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 855,581 shares of the financial services provider's stock after selling 57,150 shares during the period. Royce & Associates LP owned about 4.07% of Western New England Bancorp worth $7,871,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Western New England Bancorp by 15.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,624 shares of the financial services provider's stock worth $880,000 after acquiring an additional 13,019 shares during the period. Raymond James Financial Inc. bought a new position in Western New England Bancorp in the fourth quarter worth $209,000. Y Intercept Hong Kong Ltd acquired a new stake in Western New England Bancorp during the fourth quarter worth $120,000. Empowered Funds LLC boosted its stake in Western New England Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 83,595 shares of the financial services provider's stock worth $769,000 after buying an additional 4,050 shares in the last quarter. Finally, Barclays PLC increased its holdings in Western New England Bancorp by 23.8% in the 3rd 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 during the period. 67.95% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Separately, Seaport Res Ptn upgraded shares of Western New England Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th.

Western New England Bancorp Price Performance

WNEB stock traded up $0.05 during trading on Friday, hitting $9.15. The company had a trading volume of 55,434 shares, compared to its average volume of 42,023. The company has a fifty day moving average price of $9.25 and a two-hundred day moving average price of $9.05. Western New England Bancorp, Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $10.08. The company has a market cap of $189.84 million, a P/E ratio of 16.34 and a beta of 0.71. 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 (NASDAQ:WNEB - Get Free Report) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Western New England Bancorp had a net margin of 9.51% and a return on equity of 4.91%. During the same period in the prior year, the firm posted $0.12 EPS. Equities research analysts expect that Western New England Bancorp, Inc. will post 0.6 earnings per share for the current fiscal year.

Western New England Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Wednesday, February 12th. Western New England Bancorp's dividend payout ratio (DPR) is currently 50.00%.

About Western New England Bancorp

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.