Fourthstone LLC Boosts Stock Holdings in Western New England Bancorp, Inc. (NASDAQ:WNEB)

Fourthstone LLC grew its position in Western New England Bancorp, Inc. (NASDAQ:WNEB) by 372.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 769,807 shares of the financial services provider’s stock after acquiring an additional 606,897 shares during the quarter. Western New England Bancorp comprises 1.5% of Fourthstone LLC’s holdings, making the stock its 19th largest position. Fourthstone LLC owned 3.66% of Western New England Bancorp worth $6,543,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of 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 last quarter. Empowered Funds LLC grew its holdings in shares of Western New England Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 79,545 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 4,020 shares during the period. Assenagon Asset Management S.A. increased its holdings 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 buying an additional 16,158 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Western New England Bancorp by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,200,362 shares of the financial services provider’s stock valued at $8,258,000 after buying an additional 32,700 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Western New England Bancorp by 16.6% in the second quarter. Acadian Asset Management LLC now owns 401,909 shares of the financial services provider’s stock valued at $2,762,000 after acquiring an additional 57,099 shares during the last quarter. 67.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Western New England Bancorp

In other news, SVP Darlene M. Libiszewski sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 16,020 shares of the company’s stock, valued at approximately $147,063.60. This represents a 23.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.80% of the company’s stock.

Western New England Bancorp Trading Up 0.2 %

Shares of NASDAQ:WNEB traded up $0.02 during midday trading on Thursday, reaching $9.37. 40,868 shares of the company’s stock were exchanged, compared to its average volume of 35,123. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $196.96 million, a price-to-earnings ratio of 18.02 and a beta of 0.68. The firm’s 50 day simple moving average is $8.78 and its two-hundred day simple moving average is $7.96. 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 announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $30.98 million for the quarter, compared to analysts’ expectations of $17.39 million. Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. As a group, sell-side analysts forecast that Western New England Bancorp, Inc. will post 0.52 EPS for the current fiscal year.

Western New England Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.28 annualized dividend and a dividend yield of 2.99%. Western New England Bancorp’s dividend payout ratio (DPR) is currently 53.85%.

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.