Squarepoint Ops LLC Grows Stock Position in Western New England Bancorp, Inc. (NASDAQ:WNEB)

Squarepoint Ops LLC boosted its stake in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB) by 61.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,820 shares of the financial services provider’s stock after buying an additional 7,904 shares during the period. Squarepoint Ops LLC’s holdings in Western New England Bancorp were worth $170,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Occudo Quantitative Strategies LP increased its stake in Western New England Bancorp by 19.0% in the second quarter. Occudo Quantitative Strategies LP now owns 12,340 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 1,974 shares during the period. Morgan Stanley increased its stake in Western New England Bancorp by 16.8% in the first quarter. Morgan Stanley now owns 21,812 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 3,138 shares during the period. Royal Bank of Canada increased its stake in Western New England Bancorp by 16.7% in the second quarter. Royal Bank of Canada now owns 22,181 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 3,175 shares during the period. Jump Financial LLC increased its stake in Western New England Bancorp by 47.0% in the second quarter. Jump Financial LLC now owns 14,700 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 4,700 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Western New England Bancorp by 28.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,706 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 5,943 shares during the period. Institutional investors own 50.15% of the company’s stock.

A number of analysts have weighed in on WNEB shares. Hovde Group upgraded Western New England Bancorp from a “market perform” rating to an “outperform” rating in a research note on Friday, September 17th. Zacks Investment Research upgraded Western New England Bancorp from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Friday, October 29th.

Shares of Western New England Bancorp stock opened at $9.60 on Thursday. The firm has a market cap of $217.86 million, a P/E ratio of 10.11 and a beta of 0.43. The company has a current ratio of 0.89, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11. Western New England Bancorp, Inc. has a 12 month low of $6.29 and a 12 month high of $9.98. The stock’s fifty day moving average price is $9.02 and its 200-day moving average price is $8.59.

Western New England Bancorp (NASDAQ:WNEB) last announced its quarterly earnings results on Monday, October 25th. The financial services provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Western New England Bancorp had a return on equity of 10.09% and a net margin of 24.24%. Analysts forecast that Western New England Bancorp, Inc. will post 0.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 24th. Stockholders of record on Wednesday, November 10th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, November 9th. This represents a $0.20 annualized dividend and a dividend yield of 2.08%. Western New England Bancorp’s dividend payout ratio is currently 21.05%.

About Western New England Bancorp

Western New England Bancorp, Inc is a holding company, which engages in the provision of financial services. It offers a range of investment advisory and wealth management services. Its loan portfolio includes commercial real estate, residential real estate, commercial and industrial, and consumer loans.

Recommended Story: Net Income

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)

Receive News & Ratings for Western New England Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western New England Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.