Bridgeway Capital Management LLC Sells 7,450 Shares of Western New England Bancorp, Inc. (NASDAQ:WNEB)

Bridgeway Capital Management LLC lessened its holdings in Western New England Bancorp, Inc. (NASDAQ:WNEB) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,936 shares of the financial services provider’s stock after selling 7,450 shares during the quarter. Bridgeway Capital Management LLC owned 1.09% of Western New England Bancorp worth $2,106,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Balyasny Asset Management L.P. bought a new stake in Western New England Bancorp in the fourth quarter valued at about $108,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Western New England Bancorp in the 4th quarter valued at approximately $120,000. Raymond James Financial Inc. acquired a new position in shares of Western New England Bancorp in the 4th quarter worth approximately $209,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Western New England Bancorp during the 4th quarter worth approximately $253,000. Finally, Jane Street Group LLC acquired a new stake in Western New England Bancorp in the 4th quarter valued at $256,000. Institutional investors and hedge funds own 67.95% of the company’s stock.

Western New England Bancorp Stock Performance

NASDAQ WNEB opened at $9.64 on Friday. Western New England Bancorp, Inc. has a 1-year low of $6.10 and a 1-year high of $10.08. The company has a 50 day moving average of $8.95 and a 200-day moving average of $9.11. 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 $200.62 million, a price-to-earnings ratio of 17.21 and a beta of 0.74.

Western New England Bancorp (NASDAQ:WNEB) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The business had revenue of $28.44 million for the quarter, compared to analyst estimates of $15.58 million. Western New England Bancorp had a net margin of 9.51% and a return on equity of 4.91%. On average, equities analysts forecast that Western New England Bancorp, Inc. will post 0.6 earnings per share for the current fiscal year.

Western New England Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.28 annualized dividend and a yield of 2.90%. Western New England Bancorp’s dividend payout ratio (DPR) is 52.83%.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn raised Western New England Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th.

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.