Western New England Bancorp (NASDAQ:WNEB) Trading Down 0.5% – Should You Sell?

Western New England Bancorp, Inc. (NASDAQ:WNEB) traded down 0.5% during mid-day trading on Thursday . The company traded as low as $9.01 and last traded at $9.15. 47,005 shares traded hands during mid-day trading, an increase of 20% from the average session volume of 39,132 shares. The stock had previously closed at $9.20.

Western New England Bancorp Stock Performance

The stock has a fifty day moving average price of $9.17 and a 200 day moving average price of $8.47. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a market cap of $190.42 million, a price-to-earnings ratio of 17.42 and a beta of 0.69.

Western New England Bancorp (NASDAQ:WNEB) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $30.98 million during the quarter, compared to analyst estimates of $17.39 million. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.28 annualized dividend and a dividend yield of 3.09%. Western New England Bancorp’s payout ratio is 53.85%.

Insider Buying and Selling

In other news, SVP Darlene M. Libiszewski sold 5,000 shares of the firm’s 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 of the company’s stock, valued at approximately $147,063.60. This trade represents a 23.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.80% of the stock is owned by company insiders.

Institutional Trading of Western New England Bancorp

Several institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its stake in Western New England Bancorp by 23.8% during the third 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 last quarter. Assenagon Asset Management S.A. increased its holdings in Western New England Bancorp by 48.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 16,158 shares in the last quarter. Empowered Funds LLC raised its position in 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 valued at $676,000 after purchasing an additional 4,020 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Western New England Bancorp by 16.9% in 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 purchasing an additional 11,936 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of 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 purchasing an additional 57,099 shares during the last quarter. Institutional investors and hedge funds 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.