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

Western New England Bancorp, Inc. (NASDAQ:WNEB) shares traded down 0.5% during mid-day trading on Thursday . The stock traded as low as $9.01 and last traded at $9.15. 47,005 shares changed 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 Price Performance

The stock has a market cap of $192.31 million, a PE ratio of 17.60 and a beta of 0.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50 day moving average price is $9.16 and its two-hundred day moving average price is $8.45.

Western New England Bancorp (NASDAQ:WNEB) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.09 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 for the quarter, compared to analysts’ expectations of $17.39 million. On average, research analysts expect that Western New England Bancorp, Inc. will post 0.52 earnings per share for the current year.

Western New England Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.28 annualized dividend and a dividend yield of 3.06%. Western New England Bancorp’s dividend payout ratio (DPR) is presently 53.85%.

Insider Buying and Selling at Western New England Bancorp

In other news, SVP Darlene M. Libiszewski sold 5,000 shares of Western New England Bancorp stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $9.18, for a total value of $45,900.00. Following the transaction, the senior vice president now owns 16,020 shares in the company, valued at approximately $147,063.60. The trade was a 23.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Western New England Bancorp

Hedge funds have recently modified their holdings of the company. Panagora Asset Management Inc. purchased a new stake in Western New England Bancorp in the second quarter worth about $170,000. Barclays PLC boosted its position in shares of 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 valued at $378,000 after purchasing an additional 8,532 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in 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. Empowered Funds LLC raised its holdings in 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 worth $676,000 after purchasing an additional 4,020 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted 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 valued at $702,000 after buying an additional 11,936 shares during the period. 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.