Western New England Bancorp (NASDAQ:WNEB) Upgraded to Strong-Buy at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Western New England Bancorp (NASDAQ:WNEB - Free Report) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports. Seaport Res Ptn also issued estimates for Western New England Bancorp's Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.18 EPS and Q4 2025 earnings at $0.20 EPS.

Western New England Bancorp Stock Performance

NASDAQ WNEB traded up $0.11 on Wednesday, hitting $9.41. 56,431 shares of the stock traded hands, compared to its average volume of 49,468. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.95. The business's fifty day moving average is $9.20 and its two-hundred day moving average is $8.77. Western New England Bancorp has a 12 month low of $6.00 and a 12 month high of $10.08. The firm has a market capitalization of $197.88 million, a price-to-earnings ratio of 18.10 and a beta of 0.70.

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. During the same quarter in the prior year, the business posted $0.12 earnings per share. As a group, equities analysts anticipate that Western New England Bancorp will post 0.52 EPS for the current fiscal year.

Western New England Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.28 dividend on an annualized basis and a yield of 2.97%. Western New England Bancorp's payout ratio is 53.85%.

Insiders Place Their Bets

In related news, SVP Darlene M. Libiszewski sold 5,000 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 16,020 shares of the company's stock, valued at approximately $147,063.60. This represents a 23.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.80% of the company's stock.

Institutional Trading of Western New England Bancorp

Several institutional investors and hedge funds have recently modified their holdings of WNEB. Barclays PLC increased its position in shares of Western New England Bancorp by 23.8% in the third quarter. Barclays PLC now owns 44,422 shares of the financial services provider's stock worth $378,000 after purchasing an additional 8,532 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Western New England Bancorp by 48.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider's stock worth $419,000 after buying an additional 16,158 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Western New England Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 79,545 shares of the financial services provider's stock worth $676,000 after buying an additional 4,020 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised 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 valued at $702,000 after buying an additional 11,936 shares in the last quarter. Finally, Fourthstone LLC lifted its holdings 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 acquiring an additional 606,897 shares during the last quarter. Hedge funds and other institutional investors own 67.95% of the company's stock.

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.