12,993 Shares in Western New England Bancorp, Inc. (NASDAQ:WNEB) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,993 shares of the financial services provider’s stock, valued at approximately $120,000. Y Intercept Hong Kong Ltd owned 0.06% of Western New England Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Empowered Funds LLC grew its position in shares of Western New England Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 79,545 shares of the financial services provider’s stock valued at $676,000 after acquiring an additional 4,020 shares during the period. Barclays PLC lifted its stake in Western New England Bancorp by 23.8% in 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. Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 purchasing an additional 11,936 shares during the period. Finally, Fourthstone LLC increased its position in Western New England Bancorp by 372.5% in the third quarter. Fourthstone LLC now owns 769,807 shares of the financial services provider’s stock worth $6,543,000 after buying an additional 606,897 shares during the last quarter. Hedge funds and other institutional investors own 67.95% of the company’s stock.

Analyst Ratings Changes

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

Western New England Bancorp Price Performance

Shares of NASDAQ:WNEB opened at $9.37 on Thursday. The firm has a market capitalization of $196.94 million, a PE ratio of 16.73 and a beta of 0.69. 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 50-day moving average price of $9.24 and a two-hundred day moving average price of $9.02. Western New England Bancorp, Inc. has a twelve month low of $6.00 and a twelve month 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 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 in the prior year, the firm posted $0.12 earnings per share. Equities analysts forecast that Western New England Bancorp, Inc. will post 0.6 EPS for the current year.

Western New England Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Wednesday, February 12th. Western New England Bancorp’s dividend payout ratio (DPR) is presently 50.00%.

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.