Western New England Bancorp, Inc. (NASDAQ:WNEB - Get Free Report) SVP Darlene M. Libiszewski sold 5,000 shares of Western New England Bancorp stock in a transaction on Friday, November 22nd. The shares were 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 owns 16,020 shares of the company's stock, valued at approximately $147,063.60. This trade represents a 23.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Western New England Bancorp Trading Down 0.5 %
NASDAQ:WNEB opened at $9.35 on Wednesday. The firm has a market cap of $196.54 million, a PE ratio of 17.98 and a beta of 0.68. The stock has a fifty day moving average price of $8.75 and a 200 day moving average price of $7.93. Western New England Bancorp, Inc. has a 12-month low of $6.00 and a 12-month high of $9.76. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.
Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last announced its quarterly 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). The business had revenue of $30.98 million for the quarter, compared to analysts' expectations of $17.39 million. Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. Sell-side analysts anticipate that Western New England Bancorp, Inc. will post 0.52 earnings per share for the current fiscal year.
Western New England Bancorp Dividend Announcement
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The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Thursday, November 7th. Western New England Bancorp's dividend payout ratio (DPR) is 53.85%.
Institutional Trading of Western New England Bancorp
Institutional investors have recently bought and sold shares of the business. Legato Capital Management LLC lifted its holdings in Western New England Bancorp by 39.0% during the 2nd quarter. Legato Capital Management LLC now owns 21,441 shares of the financial services provider's stock worth $148,000 after buying an additional 6,021 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Western New England Bancorp by 50.9% in the 1st quarter. Quadrature Capital Ltd now owns 22,173 shares of the financial services provider's stock valued at $170,000 after purchasing an additional 7,482 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of Western New England Bancorp in the 2nd quarter valued at about $170,000. ST Germain D J Co. Inc. lifted its holdings in shares of Western New England Bancorp by 45.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 32,130 shares of the financial services provider's stock valued at $221,000 after purchasing an additional 10,006 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Western New England Bancorp by 23.8% in the 3rd 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 during the last quarter. 67.95% of the stock is owned by hedge funds and other institutional investors.
Western New England Bancorp Company Profile
(
Get Free Report)
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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