Arrowstreet Capital Limited Partnership lifted its position in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB - Free Report) by 22.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 186,592 shares of the financial services provider's stock after buying an additional 34,297 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.89% of Western New England Bancorp worth $1,717,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC grew its holdings in 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 during the last quarter. Empowered Funds LLC boosted its position 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 acquiring an additional 4,050 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Western New England Bancorp in the fourth quarter valued at $120,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 valued at $880,000 after buying an additional 13,019 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Western New England Bancorp during the fourth quarter worth approximately $209,000. 67.95% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
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.
Read Our Latest Analysis on Western New England Bancorp
Western New England Bancorp Stock Up 0.1 %
NASDAQ WNEB traded up $0.01 during trading hours on Wednesday, hitting $8.36. The company had a trading volume of 4,706 shares, compared to its average volume of 44,464. Western New England Bancorp, Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $10.08. The firm's 50 day moving average is $9.10 and its 200 day moving average is $9.05. 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 company has a market capitalization of $173.88 million, a price-to-earnings ratio of 14.92 and a beta of 0.57.
Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share 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 earned $0.12 earnings per share. Sell-side analysts anticipate that Western New England Bancorp, Inc. will post 0.6 earnings per share for the current fiscal year.
Western New England Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Wednesday, February 12th. Western New England Bancorp's payout ratio is currently 50.00%.
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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