Western New England Bancorp (NASDAQ:WNEB) Stock Rating Upgraded by Seaport Res Ptn

Western New England Bancorp (NASDAQ:WNEB) was upgraded by analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports. Seaport Res Ptn also issued estimates for Western New England Bancorp’s Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.18 EPS and Q4 2025 earnings at $0.20 EPS.

Western New England Bancorp Price Performance

Shares of NASDAQ:WNEB opened at $9.40 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.62. The company has a market cap of $197.59 million, a P/E ratio of 18.08 and a beta of 0.70. The business has a fifty day simple moving average of $9.21 and a 200-day simple moving average of $8.77. Western New England Bancorp has a 52 week low of $6.00 and a 52 week high of $10.08.

Western New England Bancorp (NASDAQ:WNEB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. During the same quarter in the prior year, the business posted $0.12 earnings per share. Equities research analysts forecast that Western New England Bancorp will post 0.52 EPS for the current year.

Insider Transactions at Western New England Bancorp

In other news, SVP Darlene M. Libiszewski sold 5,000 shares of Western New England Bancorp stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $9.18, for a total transaction of $45,900.00. Following the sale, the senior vice president now directly owns 16,020 shares of the company’s stock, valued at approximately $147,063.60. The trade was a 23.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Western New England Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its position 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 worth $378,000 after purchasing an additional 8,532 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Western New England Bancorp by 48.8% in the third quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 16,158 shares in the last quarter. Empowered Funds LLC boosted its position 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 worth $676,000 after buying an additional 4,020 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Western New England Bancorp by 16.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,605 shares of the financial services provider’s stock valued at $702,000 after buying an additional 11,936 shares in the last quarter. Finally, Fourthstone LLC grew its holdings in shares of Western New England Bancorp by 372.5% during the third quarter. Fourthstone LLC now owns 769,807 shares of the financial services provider’s stock valued at $6,543,000 after buying an additional 606,897 shares in the last quarter. 67.95% of the stock is currently owned by hedge funds and other institutional investors.

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.