Royce & Associates LP Sells 57,150 Shares of Western New England Bancorp, Inc. (NASDAQ:WNEB)

Royce & Associates LP cut its holdings in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 855,581 shares of the financial services provider’s stock after selling 57,150 shares during the period. Royce & Associates LP owned about 4.07% of Western New England Bancorp worth $7,871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WNEB. Y Intercept Hong Kong Ltd acquired a new stake in shares of Western New England Bancorp in the fourth quarter valued at $120,000. Raymond James Financial Inc. bought a new stake in shares of Western New England Bancorp during the fourth quarter valued at approximately $209,000. Barclays PLC grew its stake 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 during the last quarter. Empowered Funds LLC increased its holdings in shares of 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 valued at $676,000 after purchasing an additional 4,020 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Western New England Bancorp by 16.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,605 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 11,936 shares during the last quarter. 67.95% of the stock is owned by institutional investors and hedge funds.

Western New England Bancorp Stock Performance

Western New England Bancorp stock opened at $9.07 on Wednesday. The company has a market cap of $188.18 million, a PE ratio of 16.20 and a beta of 0.71. 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 1 year low of $6.00 and a 1 year high of $10.08. The company’s 50-day moving average is $9.23 and its two-hundred day moving average is $9.05.

Western New England Bancorp (NASDAQ:WNEB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share for the quarter, beating 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 period last year, the company earned $0.12 EPS. Equities analysts anticipate that Western New England Bancorp, Inc. will post 0.6 earnings per share for the current year.

Western New England Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.07 per share. 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 3.09%. Western New England Bancorp’s dividend payout ratio (DPR) is presently 50.00%.

Analyst Upgrades and Downgrades

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

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.