Western New England Bancorp (NASDAQ:WNEB) Upgraded at Seaport Res Ptn

Western New England Bancorp (NASDAQ:WNEB) was upgraded by investment 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

NASDAQ:WNEB opened at $9.30 on Wednesday. Western New England Bancorp has a 52 week low of $6.00 and a 52 week high of $10.08. 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 capitalization of $195.49 million, a P/E ratio of 17.88 and a beta of 0.70. The stock’s fifty day moving average is $9.20 and its two-hundred day moving average is $8.77.

Western New England Bancorp (NASDAQ:WNEB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.16 EPS for the quarter, beating 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 period in the prior year, the company earned $0.12 EPS. Equities analysts expect that Western New England Bancorp will post 0.52 EPS for the current year.

Insider Activity at Western New England Bancorp

In related news, 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 sale, the senior vice president now owns 16,020 shares in the company, valued at approximately $147,063.60. The trade was a 23.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On Western New England Bancorp

Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in Western New England Bancorp by 5.1% during the 4th quarter. Empowered Funds LLC now owns 83,595 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 4,050 shares during the period. Barclays PLC increased its holdings in Western New England Bancorp by 23.8% during the 3rd 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 period. Fourthstone LLC increased its holdings in Western New England Bancorp by 372.5% during 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. increased its holdings in Western New England Bancorp by 16.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,605 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 11,936 shares during the period. Finally, Assenagon Asset Management S.A. boosted 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 worth $419,000 after acquiring an additional 16,158 shares in the last quarter. Hedge funds and other institutional investors own 67.95% of the company’s stock.

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.