Western New England Bancorp, Inc. (NASDAQ:WNEB) Position Decreased by Royce & Associates LP

Royce & Associates LP decreased its holdings in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB) by 8.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 912,731 shares of the financial services provider’s stock after selling 80,380 shares during the period. Royce & Associates LP’s holdings in Western New England Bancorp were worth $7,758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in WNEB. Janney Montgomery Scott LLC bought a new position in shares of Western New England Bancorp during the 1st quarter valued at about $85,000. Acadian Asset Management LLC boosted its holdings in shares of Western New England Bancorp by 8.5% in the first quarter. Acadian Asset Management LLC now owns 344,810 shares of the financial services provider’s stock worth $2,643,000 after buying an additional 26,960 shares during the period. Quadrature Capital Ltd boosted its holdings in shares of Western New England Bancorp by 50.9% in the first quarter. Quadrature Capital Ltd now owns 22,173 shares of the financial services provider’s stock worth $170,000 after buying an additional 7,482 shares during the period. ST Germain D J Co. Inc. boosted its holdings in shares of Western New England Bancorp by 45.2% in the second quarter. ST Germain D J Co. Inc. now owns 32,130 shares of the financial services provider’s stock worth $221,000 after buying an additional 10,006 shares during the period. Finally, Hennessy Advisors Inc. boosted its holdings in shares of Western New England Bancorp by 7.1% in the second quarter. Hennessy Advisors Inc. now owns 425,000 shares of the financial services provider’s stock worth $2,924,000 after buying an additional 28,000 shares during the period. Institutional investors own 67.95% of the company’s stock.

Wall Street Analyst Weigh In

WNEB has been the subject of several recent analyst reports. Seaport Res Ptn cut shares of Western New England Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th. Piper Sandler raised their target price on shares of Western New England Bancorp from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Janney Montgomery Scott cut shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th.

Western New England Bancorp Price Performance

Shares of WNEB opened at $8.90 on Monday. The firm has a market cap of $187.06 million, a PE ratio of 17.12 and a beta of 0.68. The firm’s 50 day moving average price is $8.69 and its 200 day moving average price is $7.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.95. Western New England Bancorp, Inc. has a twelve month low of $6.00 and a twelve month high of $9.25.

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). Western New England Bancorp had a net margin of 9.05% and a return on equity of 4.58%. The business had revenue of $30.98 million for the quarter, compared to the consensus estimate of $17.39 million. As a group, research analysts expect that Western New England Bancorp, Inc. will post 0.52 EPS for the current fiscal year.

Western New England Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, November 7th. Western New England Bancorp’s dividend payout ratio is 53.85%.

Western New England Bancorp 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.