Maltese Capital Management LLC Sells 170,000 Shares of Western New England Bancorp Inc (WNEB)

Maltese Capital Management LLC reduced its holdings in shares of Western New England Bancorp Inc (NASDAQ:WNEB) by 54.8% during the 4th quarter, HoldingsChannel reports. The fund owned 140,000 shares of the financial services provider’s stock after selling 170,000 shares during the period. Maltese Capital Management LLC’s holdings in Western New England Bancorp were worth $1,526,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WNEB. Renaissance Technologies LLC boosted its position in shares of Western New England Bancorp by 8.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,374,409 shares of the financial services provider’s stock valued at $13,950,000 after acquiring an additional 109,500 shares in the last quarter. Royce & Associates LP boosted its position in shares of Western New England Bancorp by 31.5% during the 3rd quarter. Royce & Associates LP now owns 354,454 shares of the financial services provider’s stock valued at $3,864,000 after acquiring an additional 85,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Western New England Bancorp by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,936,560 shares of the financial services provider’s stock valued at $19,656,000 after acquiring an additional 75,456 shares in the last quarter. State Street Corp boosted its position in shares of Western New England Bancorp by 11.0% during the 2nd quarter. State Street Corp now owns 501,790 shares of the financial services provider’s stock valued at $5,091,000 after acquiring an additional 49,883 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its position in shares of Western New England Bancorp by 26.9% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 220,081 shares of the financial services provider’s stock valued at $2,399,000 after acquiring an additional 46,708 shares in the last quarter. Institutional investors and hedge funds own 56.76% of the company’s stock.

WNEB has been the topic of several recent research reports. BidaskClub upgraded shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Sandler O’Neill initiated coverage on shares of Western New England Bancorp in a report on Tuesday, December 5th. They set a “buy” rating and a $13.00 price target for the company. Zacks Investment Research downgraded shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Piper Jaffray Companies downgraded shares of Western New England Bancorp from an “overweight” rating to a “neutral” rating and set a $10.50 price target for the company. in a report on Friday, November 3rd. Finally, Compass Point downgraded shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Western New England Bancorp currently has an average rating of “Hold” and a consensus price target of $11.80.

Western New England Bancorp Inc (NASDAQ:WNEB) opened at $10.10 on Thursday. Western New England Bancorp Inc has a 1-year low of $9.30 and a 1-year high of $11.25. The stock has a market cap of $307.92, a PE ratio of 20.20 and a beta of 0.35. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, February 13th. This is an increase from Western New England Bancorp’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.58%. Western New England Bancorp’s payout ratio is currently 29.27%.

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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.

Want to see what other hedge funds are holding WNEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western New England Bancorp Inc (NASDAQ:WNEB).

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

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