Western New England Bancorp, Inc. (NASDAQ:WNEB - Get Free Report) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 60,800 shares, an increase of 19.7% from the February 13th total of 50,800 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 54,900 shares, the days-to-cover ratio is currently 1.1 days.
Institutional Trading of Western New England Bancorp
Several institutional investors have recently bought and sold shares of WNEB. Barclays PLC lifted its position in shares of Western New England Bancorp by 23.8% during 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 in the last quarter. Empowered Funds LLC lifted its holdings 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 purchasing an additional 4,020 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Western New England Bancorp during the fourth quarter valued at $120,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of 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 worth $702,000 after purchasing an additional 11,936 shares in the last quarter. Finally, Fourthstone LLC raised its position in shares of Western New England Bancorp by 372.5% during the 3rd quarter. Fourthstone LLC now owns 769,807 shares of the financial services provider's stock worth $6,543,000 after purchasing an additional 606,897 shares during the last quarter. 67.95% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Seaport Res Ptn upgraded Western New England Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th.
View Our Latest Research Report on WNEB
Western New England Bancorp Stock Performance
Shares of NASDAQ WNEB traded up $0.05 during midday trading on Friday, reaching $9.15. 55,434 shares of the stock were exchanged, compared to its average volume of 42,008. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a 50-day simple moving average of $9.24 and a two-hundred day simple moving average of $9.05. Western New England Bancorp has a twelve month low of $6.00 and a twelve month high of $10.08. The firm has a market cap of $189.84 million, a price-to-earnings ratio of 16.34 and a beta of 0.71.
Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates 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 previous year, the business earned $0.12 earnings per share. As a group, analysts anticipate that Western New England Bancorp will post 0.6 EPS for the current fiscal year.
Western New England Bancorp Announces Dividend
The firm also recently declared 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 dividend on an annualized basis and a yield of 3.06%. Western New England Bancorp's dividend payout ratio is currently 50.00%.
Western New England Bancorp Company Profile
(
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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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