Western New England Bancorp Inc (WNEB) Stake Lifted by State Street Corp

State Street Corp lifted its holdings in Western New England Bancorp Inc (NASDAQ:WNEB) by 11.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 501,790 shares of the financial services provider’s stock after purchasing an additional 49,883 shares during the quarter. State Street Corp owned 1.67% of Western New England Bancorp worth $5,091,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Voya Investment Management LLC bought a new position in shares of Western New England Bancorp in the second quarter worth $119,000. Alliancebernstein L.P. bought a new position in shares of Western New England Bancorp in the second quarter worth $191,000. OxFORD Asset Management LLP bought a new position in shares of Western New England Bancorp in the second quarter worth $194,000. Nationwide Fund Advisors grew its stake in shares of Western New England Bancorp by 9.5% in the second quarter. Nationwide Fund Advisors now owns 19,793 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 1,725 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of Western New England Bancorp by 17.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,248 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 2,902 shares in the last quarter. 56.72% of the stock is owned by institutional investors.

Several brokerages recently weighed in on WNEB. Sandler O’Neill began coverage on Western New England Bancorp in a research note on Tuesday. They set a “buy” rating and a $13.00 target price for the company. Zacks Investment Research cut Western New England Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Piper Jaffray Companies cut Western New England Bancorp from an “overweight” rating to a “neutral” rating and set a $10.50 target price for the company. in a research note on Friday, November 3rd. Compass Point cut Western New England Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.00 target price on shares of Western New England Bancorp in a research note on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $11.60.

Western New England Bancorp Inc (WNEB) opened at $10.85 on Wednesday. Western New England Bancorp Inc has a 52 week low of $8.35 and a 52 week high of $11.10. The firm has a market capitalization of $327.79, a PE ratio of 21.40 and a beta of 0.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Sunday, October 8th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.12 annualized dividend and a yield of 1.11%. Western New England Bancorp’s dividend payout ratio is currently 24.49%.

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Western New England Bancorp 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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Institutional Ownership by Quarter for Western New England Bancorp (NASDAQ:WNEB)

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