Barclays PLC Buys 8,532 Shares of Western New England Bancorp, Inc. (NASDAQ:WNEB)

Barclays PLC increased its stake in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB) by 23.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,422 shares of the financial services provider’s stock after purchasing an additional 8,532 shares during the period. Barclays PLC owned approximately 0.21% of Western New England Bancorp worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in Western New England Bancorp by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,200,362 shares of the financial services provider’s stock valued at $8,258,000 after buying an additional 32,700 shares during the last quarter. Fourthstone LLC lifted its stake in shares of Western New England Bancorp by 372.5% in the 3rd quarter. Fourthstone LLC now owns 769,807 shares of the financial services provider’s stock worth $6,543,000 after purchasing an additional 606,897 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Western New England Bancorp by 16.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,605 shares of the financial services provider’s stock worth $702,000 after buying an additional 11,936 shares during the last quarter. Empowered Funds LLC raised its position in 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 worth $676,000 after acquiring an additional 4,020 shares during the period. Finally, Assenagon Asset Management S.A. grew its position 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 valued at $419,000 after acquiring an additional 16,158 shares during the period. Institutional investors own 67.95% of the company’s stock.

Western New England Bancorp Price Performance

Shares of Western New England Bancorp stock opened at $9.09 on Friday. The stock’s fifty day moving average is $9.19 and its 200 day moving average is $8.64. Western New England Bancorp, Inc. has a one year low of $6.00 and a one year high of $10.08. 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 stock has a market cap of $191.07 million, a P/E ratio of 17.48 and a beta of 0.70.

Western New England Bancorp (NASDAQ:WNEB) last posted 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). The company had revenue of $30.98 million for the quarter, compared to analysts’ expectations of $17.39 million. Western New England Bancorp had a net margin of 9.05% and a return on equity of 4.58%. Sell-side analysts anticipate that Western New England Bancorp, Inc. will post 0.52 earnings per share for the current year.

Western New England Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.28 annualized dividend and a dividend yield of 3.08%. Western New England Bancorp’s payout ratio is 53.85%.

Insider Buying and Selling

In other Western New England Bancorp news, SVP Darlene M. Libiszewski sold 5,000 shares of Western New England Bancorp stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $9.18, for a total value of $45,900.00. Following the sale, the senior vice president now directly owns 16,020 shares in the company, valued at approximately $147,063.60. The trade was a 23.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.80% of the stock is currently owned by company insiders.

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.