Western New England Bancorp, Inc. (NASDAQ:WNEB) SVP Sells $45,900.00 in Stock

Western New England Bancorp, Inc. (NASDAQ:WNEB) SVP Darlene M. Libiszewski sold 5,000 shares of the stock in a transaction dated 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 in the company, valued at $147,063.60. The trade was a 23.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Western New England Bancorp Price Performance

Shares of WNEB opened at $9.37 on Friday. The firm has a market capitalization of $196.96 million, a PE ratio of 18.02 and a beta of 0.68. The company’s 50-day moving average is $8.79 and its 200-day moving average is $7.97. Western New England Bancorp, Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $9.76. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95.

Western New England Bancorp (NASDAQ:WNEB) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $30.98 million during the quarter, compared to the consensus estimate of $17.39 million. Western New England Bancorp had a net margin of 9.05% and a return on equity of 4.58%. Equities analysts forecast that Western New England Bancorp, Inc. will post 0.52 EPS for the current year.

Western New England Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Thursday, November 7th. Western New England Bancorp’s dividend payout ratio is 53.85%.

Hedge Funds Weigh In On Western New England Bancorp

A number of hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in Western New England Bancorp by 2.8% during the second quarter. Renaissance Technologies LLC now owns 1,200,362 shares of the financial services provider’s stock worth $8,258,000 after acquiring an additional 32,700 shares during the period. Fourthstone LLC increased its position in Western New England Bancorp by 372.5% during the third 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 period. Hennessy Advisors Inc. increased its position in Western New England Bancorp by 7.1% during the second quarter. Hennessy Advisors Inc. now owns 425,000 shares of the financial services provider’s stock worth $2,924,000 after acquiring an additional 28,000 shares during the period. Acadian Asset Management LLC increased its position in Western New England Bancorp by 16.6% during the second quarter. Acadian Asset Management LLC now owns 401,909 shares of the financial services provider’s stock worth $2,762,000 after acquiring an additional 57,099 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in 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 acquiring an additional 11,936 shares during the period. 67.95% of the stock is owned by institutional investors.

About Western New England Bancorp

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.