39,751 Shares in Western New England Bancorp, Inc. (NASDAQ:WNEB) Purchased by 683 Capital Management LLC

683 Capital Management LLC acquired a new stake in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,751 shares of the financial services provider's stock, valued at approximately $366,000. 683 Capital Management LLC owned about 0.19% of Western New England Bancorp at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WNEB. Barclays PLC boosted its position in Western New England Bancorp by 23.8% during the 3rd quarter. Barclays PLC now owns 44,422 shares of the financial services provider's stock valued at $378,000 after acquiring an additional 8,532 shares in the last quarter. Empowered Funds LLC boosted its holdings in Western New England Bancorp by 5.1% in the fourth quarter. Empowered Funds LLC now owns 83,595 shares of the financial services provider's stock worth $769,000 after purchasing an additional 4,050 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Western New England Bancorp during the 4th quarter valued at $120,000. Raymond James Financial Inc. bought a new position in shares of Western New England Bancorp during the 4th quarter valued at $209,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Western New England Bancorp by 15.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,624 shares of the financial services provider's stock worth $880,000 after acquiring an additional 13,019 shares during the period. 67.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn upgraded shares of Western New England Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th.

Western New England Bancorp Trading Up 2.4 %

Western New England Bancorp stock traded up $0.22 during trading hours on Thursday, hitting $9.58. The company had a trading volume of 11,735 shares, compared to its average volume of 45,717. Western New England Bancorp, Inc. has a 1 year low of $6.10 and a 1 year high of $10.08. The firm has a market cap of $199.39 million, a P/E ratio of 17.11 and a beta of 0.74. The company has a 50-day moving average price of $8.94 and a two-hundred day moving average price of $9.09. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.95.

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $28.44 million during the quarter, compared to the consensus estimate of $15.58 million. Western New England Bancorp had a net margin of 9.51% and a return on equity of 4.91%. On average, sell-side analysts anticipate that Western New England Bancorp, Inc. will post 0.6 earnings per share for the current year.

Western New England Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.28 annualized dividend and a yield of 2.92%. Western New England Bancorp's dividend payout ratio (DPR) is 52.83%.

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.