Western New England Bancorp, Inc. (NASDAQ:WNEB - Get Free Report) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 54,100 shares, a drop of 19.3% from the December 15th total of 67,000 shares. Based on an average trading volume of 38,800 shares, the short-interest ratio is currently 1.4 days. Currently, 0.3% of the shares of the company are short sold.
Western New England Bancorp Stock Performance
Shares of NASDAQ WNEB traded up $0.16 during mid-day trading on Thursday, reaching $9.05. 104,075 shares of the company were exchanged, compared to its average volume of 49,298. The stock has a market capitalization of $190.21 million, a P/E ratio of 17.40 and a beta of 0.70. 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 company's 50-day simple moving average is $9.18 and its 200-day simple moving average is $8.62. Western New England Bancorp has a twelve month low of $6.00 and a twelve month high of $10.08.
Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. The company had revenue of $30.98 million for the quarter, compared to analyst estimates of $17.39 million. As a group, research analysts predict that Western New England Bancorp will post 0.52 earnings per share for the current year.
Western New England Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.28 annualized dividend and a yield of 3.09%. Western New England Bancorp's dividend payout ratio (DPR) is presently 53.85%.
Insider Activity
In other Western New England Bancorp news, SVP Darlene M. Libiszewski sold 5,000 shares of Western New England Bancorp stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $9.18, for a total transaction of $45,900.00. Following the completion of the transaction, the senior vice president now directly owns 16,020 shares of the company's stock, valued at $147,063.60. The trade was a 23.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.80% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in shares of Western New England Bancorp by 2.8% in 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 acquiring an additional 32,700 shares during the period. Fourthstone LLC boosted its holdings in Western New England Bancorp by 372.5% in the 3rd quarter. Fourthstone LLC now owns 769,807 shares of the financial services provider's stock valued at $6,543,000 after purchasing an additional 606,897 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Western New England Bancorp by 16.9% during the 3rd 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. Empowered Funds LLC increased its holdings in shares of 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 worth $676,000 after purchasing an additional 4,020 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of 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 worth $419,000 after purchasing an additional 16,158 shares during the period. Institutional investors own 67.95% of the company's stock.
About Western New England Bancorp
(
Get 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.
Recommended Stories
Before you consider Western New England Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Western New England Bancorp wasn't on the list.
While Western New England Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
