Western New England Bancorp, Inc. (NASDAQ:WNEB) Short Interest Update

Western New England Bancorp, Inc. (NASDAQ:WNEB - Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 79,100 shares, a decline of 46.3% from the March 15th total of 147,400 shares. Based on an average daily trading volume, of 61,100 shares, the short-interest ratio is currently 1.3 days. Currently, 0.4% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Institutional Trading of Western New England Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of WNEB. Susquehanna International Group LLP boosted its position in Western New England Bancorp by 186.2% in the 4th quarter. Susquehanna International Group LLP now owns 284,223 shares of the financial services provider's stock valued at $2,615,000 after buying an additional 184,907 shares during the period. Fourthstone LLC raised its stake in shares of Western New England Bancorp by 18.3% during the fourth quarter. Fourthstone LLC now owns 910,788 shares of the financial services provider's stock valued at $8,379,000 after acquiring an additional 140,981 shares in the last quarter. 683 Capital Management LLC purchased a new stake in shares of Western New England Bancorp in the fourth quarter valued at approximately $366,000. Alliancebernstein L.P. purchased a new position in Western New England Bancorp during the 4th quarter worth $327,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Western New England Bancorp by 22.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 186,592 shares of the financial services provider's stock valued at $1,717,000 after purchasing an additional 34,297 shares in the last quarter. Hedge funds and other institutional investors own 67.95% of the company's stock.

Western New England Bancorp Price Performance

Shares of Western New England Bancorp stock traded up $0.08 during trading hours on Friday, reaching $8.55. The company's stock had a trading volume of 59,739 shares, compared to its average volume of 44,700. The firm has a 50 day moving average price of $9.03 and a 200-day moving average price of $9.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $177.93 million, a P/E ratio of 15.27 and a beta of 0.57. Western New England Bancorp has a one year low of $6.00 and a one year high of $10.08.

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. Western New England Bancorp had a return on equity of 4.91% and a net margin of 9.51%. During the same quarter in the prior year, the firm earned $0.12 EPS. On average, analysts predict that Western New England Bancorp will post 0.6 EPS for the current year.

Western New England Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.28 annualized dividend and a dividend yield of 3.27%. Western New England Bancorp's dividend payout ratio (DPR) is presently 50.00%.

Western New England Bancorp Company Profile

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.