Western New England Bancorp Inc (WNEB) EVP Sells $20,800.00 in Stock

Western New England Bancorp Inc (NASDAQ:WNEB) EVP Allen J. Miles III sold 2,000 shares of Western New England Bancorp stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $10.40, for a total transaction of $20,800.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Western New England Bancorp Inc (NASDAQ WNEB) traded up $0.10 during mid-day trading on Friday, hitting $10.50. 33,100 shares of the stock were exchanged, compared to its average volume of 75,764. Western New England Bancorp Inc has a 52-week low of $8.35 and a 52-week high of $11.10. The company has a market capitalization of $322.04, a price-to-earnings ratio of 21.00 and a beta of 0.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.96 and a quick ratio of 0.96.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Sunday, October 8th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.14%. Western New England Bancorp’s dividend payout ratio is presently 24.49%.

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Several hedge funds have recently made changes to their positions in the company. Royce & Associates LP grew its stake in shares of Western New England Bancorp by 31.5% in the third quarter. Royce & Associates LP now owns 354,454 shares of the financial services provider’s stock worth $3,864,000 after acquiring an additional 85,000 shares during the period. Dimensional Fund Advisors LP grew its position in Western New England Bancorp by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,994,548 shares of the financial services provider’s stock valued at $21,741,000 after buying an additional 57,988 shares during the period. Wells Fargo & Company MN grew its position in Western New England Bancorp by 42.2% during the third quarter. Wells Fargo & Company MN now owns 35,603 shares of the financial services provider’s stock valued at $388,000 after buying an additional 10,557 shares during the period. SG Americas Securities LLC bought a new stake in Western New England Bancorp during the third quarter valued at approximately $186,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Western New England Bancorp during the second quarter valued at approximately $117,000. Hedge funds and other institutional investors own 56.57% of the company’s stock.

A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Piper Jaffray Companies lowered shares of Western New England Bancorp from an “overweight” rating to a “neutral” rating and set a $10.50 price objective for the company. in a research note on Friday, November 3rd. Compass Point lowered shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods restated a “hold” rating and set a $11.00 price objective on shares of Western New England Bancorp in a research note on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Five research analysts have rated the stock with a hold rating, Western New England Bancorp has an average rating of “Hold” and an average target price of $11.25.

Western New England Bancorp Company Profile

Western New England Bancorp, Inc, formerly Westfield Financial, Inc, is a Massachusetts-chartered stock holding company. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products.

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