Western New England Bancorp, Inc. (NASDAQ:WNEB) SVP Darlene M. Libiszewski Sells 5,000 Shares

Western New England Bancorp, Inc. (NASDAQ:WNEB) SVP Darlene M. Libiszewski sold 5,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $9.18, for a total value of $45,900.00. Following the transaction, the senior vice president now owns 16,020 shares in the company, valued at approximately $147,063.60. This trade represents 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 the SEC website.

Western New England Bancorp Stock Down 0.5 %

Western New England Bancorp stock opened at $9.35 on Wednesday. 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 business’s 50-day simple moving average is $8.75 and its two-hundred day simple moving average is $7.93. The company has a market cap of $196.54 million, a PE ratio of 17.98 and a beta of 0.68. Western New England Bancorp, Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $9.76.

Western New England Bancorp (NASDAQ:WNEB) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. The company had revenue of $30.98 million during the quarter, compared to analysts’ expectations of $17.39 million. Equities analysts anticipate that Western New England Bancorp, Inc. will post 0.52 EPS for the current year.

Western New England Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a $0.07 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.28 dividend on an annualized basis and a yield of 2.99%. Western New England Bancorp’s payout ratio is 53.85%.

Hedge Funds Weigh In On Western New England Bancorp

Large investors have recently bought and sold shares of the business. Legato Capital Management LLC raised its holdings in 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 worth $148,000 after purchasing an additional 6,021 shares during the period. Quadrature Capital Ltd lifted its position in Western New England Bancorp by 50.9% during the first quarter. Quadrature Capital Ltd now owns 22,173 shares of the financial services provider’s stock worth $170,000 after buying an additional 7,482 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in Western New England Bancorp during the second quarter worth approximately $170,000. ST Germain D J Co. Inc. lifted its position in Western New England Bancorp by 45.2% during the second quarter. ST Germain D J Co. Inc. now owns 32,130 shares of the financial services provider’s stock worth $221,000 after buying an additional 10,006 shares in the last quarter. Finally, Barclays PLC lifted its position in 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 buying an additional 8,532 shares in the last quarter. Institutional investors and hedge funds own 67.95% of the company’s stock.

Western New England Bancorp Company 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.