Western New England Bancorp, Inc. (NASDAQ:WNEB) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in Western New England Bancorp, Inc. (NASDAQ:WNEB) by 5.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,545 shares of the financial services provider’s stock after acquiring an additional 4,020 shares during the period. Empowered Funds LLC owned 0.37% of Western New England Bancorp worth $676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in shares of Western New England Bancorp by 48.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 16,158 shares during the period. Renaissance Technologies LLC boosted its stake in Western New England Bancorp by 2.8% during the second quarter. Renaissance Technologies LLC now owns 1,200,362 shares of the financial services provider’s stock worth $8,258,000 after buying an additional 32,700 shares during the period. Acadian Asset Management LLC increased its position in shares of Western New England Bancorp by 16.6% during the second quarter. Acadian Asset Management LLC now owns 401,909 shares of the financial services provider’s stock valued at $2,762,000 after acquiring an additional 57,099 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 approximately $170,000. Finally, Legato Capital Management LLC raised its stake in shares of Western New England Bancorp by 39.0% in the 2nd quarter. Legato Capital Management LLC now owns 21,441 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 6,021 shares during the period. Hedge funds and other institutional investors own 67.95% of the company’s stock.

Western New England Bancorp Stock Up 4.7 %

Western New England Bancorp stock opened at $9.50 on Friday. The company has a market capitalization of $199.69 million, a PE ratio of 18.27 and a beta of 0.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.95. Western New England Bancorp, Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $9.50. The firm has a 50 day moving average price of $8.74 and a 200 day moving average price of $7.89.

Western New England Bancorp (NASDAQ:WNEB) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Western New England Bancorp had a net margin of 9.05% and a return on equity of 4.58%. The firm had revenue of $30.98 million during the quarter, compared to analyst estimates of $17.39 million. Research analysts expect that Western New England Bancorp, Inc. will post 0.52 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 Thursday, November 21st. Investors of record on Thursday, November 7th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.95%. The ex-dividend date was Thursday, November 7th. Western New England Bancorp’s payout ratio is currently 53.85%.

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.