Western New England Bancorp, Inc. (NASDAQ:WNEB) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,133,162 shares of the financial services provider’s stock after selling 38,100 shares during the period. Renaissance Technologies LLC owned approximately 0.05% of Western New England Bancorp worth $10,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WNEB. Barclays PLC grew its stake 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 worth $378,000 after purchasing an additional 8,532 shares during the last quarter. Empowered Funds LLC boosted its holdings in Western New England Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 83,595 shares of the financial services provider’s stock worth $769,000 after buying an additional 4,050 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Western New England Bancorp in the fourth quarter worth approximately $120,000. Raymond James Financial Inc. bought a new position in shares of Western New England Bancorp in the fourth quarter valued at $209,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Western New England Bancorp by 15.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,624 shares of the financial services provider’s stock valued at $880,000 after acquiring an additional 13,019 shares during the last quarter. 67.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Western New England Bancorp Price Performance

WNEB stock opened at $8.47 on Thursday. The firm has a 50-day moving average of $9.08 and a two-hundred day moving average of $9.04. The firm has a market capitalization of $176.27 million, a PE ratio of 15.13 and a beta of 0.57. 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, Inc. has a one year low of $6.00 and a one year high of $10.08.

Western New England Bancorp (NASDAQ:WNEB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Western New England Bancorp had a net margin of 9.51% and a return on equity of 4.91%. During the same quarter in the previous year, the business posted $0.12 EPS. On average, analysts forecast that Western New England Bancorp, Inc. will post 0.6 earnings per share for the current year.

Western New England Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.31%. Western New England Bancorp’s dividend payout ratio is 50.00%.

About Western New England Bancorp

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.