Western New England Bancorp, Inc. (NASDAQ:WNEB) Shares Acquired by Fourthstone LLC

Fourthstone LLC boosted its holdings in Western New England Bancorp, Inc. (NASDAQ:WNEB) by 372.5% in the 3rd quarter, HoldingsChannel reports. The fund 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 about 1.5% of Fourthstone LLC’s investment portfolio, making the stock its 19th biggest holding. Fourthstone LLC’s holdings in Western New England Bancorp were worth $6,543,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 57,099 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 worth $8,258,000 after purchasing an additional 32,700 shares during the last quarter. Hennessy Advisors Inc. raised its position in shares of Western New England Bancorp by 7.1% in the second quarter. Hennessy Advisors Inc. now owns 425,000 shares of the financial services provider’s stock valued at $2,924,000 after buying an additional 28,000 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in Western New England Bancorp during the second quarter worth approximately $170,000. Finally, Assenagon Asset Management S.A. grew its stake in Western New England Bancorp by 48.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 16,158 shares during the period. 67.95% of the stock is owned by hedge funds and other institutional investors.

Western New England Bancorp Trading Up 0.2 %

Shares of Western New England Bancorp stock traded up $0.02 during trading hours on Thursday, reaching $9.37. 40,868 shares of the company’s stock were exchanged, compared to its average volume of 35,123. Western New England Bancorp, Inc. has a 52-week low of $6.00 and a 52-week high of $9.76. The company has a fifty day moving average of $8.78 and a 200-day moving average of $7.96. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $196.96 million, a price-to-earnings ratio of 18.02 and a beta of 0.68.

Western New England Bancorp (NASDAQ:WNEB) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $30.98 million during the quarter, compared to analysts’ expectations of $17.39 million. Western New England Bancorp had a net margin of 9.05% and a return on equity of 4.58%. 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 business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a $0.07 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.99%. Western New England Bancorp’s dividend payout ratio (DPR) is presently 53.85%.

Insider Activity

In related news, SVP Darlene M. Libiszewski sold 5,000 shares of Western New England Bancorp stock in a transaction 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 transaction, the senior vice president now owns 16,020 shares in the company, valued at approximately $147,063.60. This trade represents a 23.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.80% of the company’s stock.

Western New England Bancorp 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.