Hennessy Advisors Inc. lessened its stake in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB – Free Report) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 400,000 shares of the financial services provider’s stock after selling 40,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in Western New England Bancorp were worth $3,680,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in WNEB. Barclays PLC boosted its holdings 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 worth $378,000 after buying an additional 8,532 shares during the period. Fourthstone LLC lifted its position in 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. Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 valued at $702,000 after acquiring an additional 11,936 shares during the period. Empowered Funds LLC grew its position in shares of Western New England Bancorp by 5.3% in 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 during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Western New England Bancorp by 48.8% in 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 and hedge funds own 67.95% of the company’s stock.
Insider Buying and Selling
In related news, SVP Darlene M. Libiszewski sold 5,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $9.18, for a total value 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. This trade represents 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 through this hyperlink. 5.80% of the stock is owned by company insiders.
Western New England Bancorp Price Performance
Western New England Bancorp (NASDAQ:WNEB – Get Free Report) last announced 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). The company had revenue of $30.98 million during the quarter, compared to analyst estimates of $17.39 million. Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. Research analysts predict that Western New England Bancorp, Inc. will post 0.52 earnings per share for the current year.
Western New England Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Thursday, November 7th. Western New England Bancorp’s payout ratio is presently 53.85%.
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.
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