Quadrature Capital Ltd Lowers Holdings in Western New England Bancorp, Inc. (NASDAQ:WNEB)

Quadrature Capital Ltd reduced its position in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB) by 29.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,691 shares of the financial services provider’s stock after selling 5,998 shares during the period. Quadrature Capital Ltd owned approximately 0.07% of Western New England Bancorp worth $133,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WNEB. International Assets Investment Management LLC raised its position in shares of Western New England Bancorp by 808.9% during the 4th quarter. International Assets Investment Management LLC now owns 5,017 shares of the financial services provider’s stock valued at $45,000 after buying an additional 4,465 shares in the last quarter. Essex Financial Services Inc. raised its position in Western New England Bancorp by 14.2% during the third quarter. Essex Financial Services Inc. now owns 15,513 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,929 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Western New England Bancorp by 6.8% during the third quarter. Hsbc Holdings PLC now owns 28,836 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 1,838 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Western New England Bancorp by 8.7% in the 4th quarter. Ritholtz Wealth Management now owns 24,039 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 1,917 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Western New England Bancorp by 14.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 53,376 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 6,671 shares during the last quarter. Hedge funds and other institutional investors own 67.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $7.50 target price (down previously from $9.00) on shares of Western New England Bancorp in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.50.

Western New England Bancorp Trading Up 0.9 %

NASDAQ WNEB opened at $6.88 on Friday. The firm has a market cap of $148.81 million, a PE ratio of 11.47 and a beta of 0.68. Western New England Bancorp, Inc. has a 1-year low of $5.68 and a 1-year high of $9.25. The stock has a 50-day moving average of $6.52 and a 200-day moving average of $7.57. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60.

Western New England Bancorp (NASDAQ:WNEB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Western New England Bancorp had a return on equity of 5.43% and a net margin of 11.10%. The firm had revenue of $18.02 million during the quarter, compared to the consensus estimate of $18.46 million. As a group, sell-side analysts forecast that Western New England Bancorp, Inc. will post 0.49 EPS for the current year.

Western New England Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Tuesday, May 7th. Western New England Bancorp’s dividend payout ratio (DPR) is presently 46.67%.

Western New England Bancorp 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.