Alliancebernstein L.P. Makes New $327,000 Investment in Western New England Bancorp, Inc. (NASDAQ:WNEB)

Alliancebernstein L.P. purchased a new position in Western New England Bancorp, Inc. (NASDAQ:WNEB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,500 shares of the financial services provider's stock, valued at approximately $327,000. Alliancebernstein L.P. owned 0.17% of Western New England Bancorp as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in Western New England Bancorp by 22.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 186,592 shares of the financial services provider's stock worth $1,717,000 after purchasing an additional 34,297 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Western New England Bancorp by 15.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,624 shares of the financial services provider's stock valued at $880,000 after buying an additional 13,019 shares during the period. Empowered Funds LLC grew its holdings in shares of 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 acquiring an additional 4,050 shares during the period. Barclays PLC grew its holdings in shares of Western New England Bancorp by 23.8% in the third quarter. Barclays PLC now owns 44,422 shares of the financial services provider's stock worth $378,000 after acquiring an additional 8,532 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Western New England Bancorp during the fourth quarter valued at $209,000. 67.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Western New England Bancorp Stock Performance

Shares of Western New England Bancorp stock traded down $0.06 on Friday, hitting $9.14. 33,047 shares of the company's stock were exchanged, compared to its average volume of 44,907. Western New England Bancorp, Inc. has a 1 year low of $6.00 and a 1 year high of $10.08. The company has a 50-day simple moving average of $8.98 and a 200-day simple moving average of $9.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $190.21 million, a PE ratio of 16.32 and a beta of 0.57.

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

Western New England Bancorp Dividend Announcement

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 dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Wednesday, May 7th. Western New England Bancorp's payout ratio is 50.00%.

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.