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

Barclays PLC grew its holdings in Western New England Bancorp, Inc. (NASDAQ:WNEB) by 23.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,422 shares of the financial services provider’s stock after purchasing an additional 8,532 shares during the quarter. Barclays PLC owned about 0.21% of Western New England Bancorp worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Acadian Asset Management LLC lifted its stake in Western New England Bancorp by 16.6% in 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 buying an additional 57,099 shares during the period. Renaissance Technologies LLC lifted its position in shares of 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 acquiring an additional 32,700 shares during the period. Assenagon Asset Management S.A. boosted its stake in Western New England Bancorp by 48.8% during the third quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 16,158 shares in the last quarter. Empowered Funds LLC grew its holdings 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 purchasing an additional 4,020 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in 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 valued at $702,000 after purchasing an additional 11,936 shares in the last quarter. Institutional investors own 67.95% of the company’s stock.

Insider Activity at Western New England Bancorp

In other Western New England Bancorp news, SVP Darlene M. Libiszewski sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $9.18, for a total transaction of $45,900.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.80% of the stock is currently owned by insiders.

Western New England Bancorp Price Performance

Shares of NASDAQ WNEB opened at $9.06 on Friday. The firm has a market capitalization of $190.42 million, a P/E ratio of 17.42 and a beta of 0.69. The firm’s 50-day moving average price is $9.17 and its 200-day moving average price is $8.47. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Western New England Bancorp, Inc. has a 1-year low of $6.00 and a 1-year high of $10.08.

Western New England Bancorp (NASDAQ:WNEB) last posted its quarterly earnings results 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 firm had revenue of $30.98 million for the quarter, compared to analyst estimates of $17.39 million. Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. Equities research analysts anticipate that Western New England Bancorp, Inc. will post 0.52 earnings per share for the current fiscal year.

Western New England Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Thursday, November 7th. Western New England Bancorp’s dividend payout ratio is currently 53.85%.

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.