Schonfeld Strategic Advisors LLC Takes $253,000 Position in Western New England Bancorp, Inc. (NASDAQ:WNEB)

Schonfeld Strategic Advisors LLC purchased a new position in Western New England Bancorp, Inc. (NASDAQ:WNEB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,486 shares of the financial services provider's stock, valued at approximately $253,000. Schonfeld Strategic Advisors LLC owned about 0.13% of Western New England Bancorp as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of WNEB. Barclays PLC lifted its position in shares of Western New England Bancorp by 23.8% during the third quarter. Barclays PLC now owns 44,422 shares of the financial services provider's stock worth $378,000 after purchasing an additional 8,532 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Western New England Bancorp by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,495,233 shares of the financial services provider's stock worth $13,756,000 after purchasing an additional 5,560 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Western New England Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 83,595 shares of the financial services provider's stock valued at $769,000 after buying an additional 4,050 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Western New England Bancorp during the fourth quarter valued at $120,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 valued at $1,717,000 after acquiring an additional 34,297 shares in the last quarter. 67.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Western New England Bancorp Stock Down 0.3%

Shares of WNEB stock traded down $0.03 on Friday, hitting $9.43. The stock had a trading volume of 39,823 shares, compared to its average volume of 45,434. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $8.98 and a 200 day moving average price of $9.14. The company has a market cap of $196.25 million, a PE ratio of 16.84 and a beta of 0.74. Western New England Bancorp, Inc. has a one year low of $6.10 and a one year high of $10.08.

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). Western New England Bancorp had a return on equity of 4.91% and a net margin of 9.51%. The firm had revenue of $28.44 million during the quarter, compared to the consensus estimate of $15.58 million. Research analysts anticipate that Western New England Bancorp, Inc. will post 0.6 earnings per share for the current fiscal 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 2.97%. Western New England Bancorp's dividend payout ratio (DPR) is 52.83%.

About Western New England Bancorp

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.