Western New England Bancorp (NASDAQ:WNEB) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Western New England Bancorp, Inc. (NASDAQ:WNEB) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.23 and traded as low as $8.94. Western New England Bancorp shares last traded at $8.96, with a volume of 58,625 shares trading hands.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn raised shares of 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

The company’s fifty day moving average price is $9.23 and its 200 day moving average price is $9.05. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $185.90 million, a price-to-earnings ratio of 16.00 and a beta of 0.71.

Western New England Bancorp (NASDAQ:WNEB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $0.12 earnings per share. Equities research analysts expect that Western New England Bancorp, Inc. will post 0.6 earnings per share for the current year.

Western New England Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, February 12th. Western New England Bancorp’s payout ratio is 50.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC raised its position in shares of Western New England Bancorp by 483.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 7,314 shares of the financial services provider’s stock worth $67,000 after buying an additional 6,060 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Western New England Bancorp during the 4th quarter worth about $108,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Western New England Bancorp during the 4th quarter worth about $120,000. Raymond James Financial Inc. bought a new stake in shares of Western New England Bancorp during the 4th quarter worth about $209,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Western New England Bancorp during the 4th quarter worth about $253,000. 67.95% of the stock is owned by institutional investors and hedge funds.

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.