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

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC raised its position in shares of Western New England Bancorp by 23.8% in the 3rd quarter. Barclays PLC now owns 44,422 shares of the financial services provider's stock worth $378,000 after buying an additional 8,532 shares during the period. Empowered Funds LLC increased its holdings in Western New England Bancorp by 5.1% in the 4th quarter. Empowered Funds LLC now owns 83,595 shares of the financial services provider's stock valued at $769,000 after purchasing an additional 4,050 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Western New England Bancorp in the 4th quarter valued at $120,000. Raymond James Financial Inc. acquired a new stake in Western New England Bancorp in the 4th quarter valued at $209,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Western New England Bancorp by 15.8% in 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 purchasing an additional 13,019 shares in the last quarter. 67.95% of the stock is currently owned by institutional investors and hedge funds.

Western New England Bancorp Stock Up 0.2%

Shares of Western New England Bancorp stock traded up $0.02 during trading hours on Monday, hitting $9.45. 34,773 shares of the company's stock traded hands, compared to its average volume of 45,358. The stock has a 50 day simple moving average of $8.99 and a 200-day simple moving average of $9.15. 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 company has a market cap of $195.72 million, a PE ratio of 16.88 and a beta of 0.74. Western New England Bancorp, Inc. has a twelve month low of $6.10 and a twelve month 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 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $28.44 million for the quarter, compared to analyst estimates of $15.58 million. Western New England Bancorp had a net margin of 9.51% and a return on equity of 4.91%. Equities 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.28 dividend on an annualized basis and a yield of 2.96%. Western New England Bancorp's dividend payout ratio is currently 52.83%.

Analysts Set New Price Targets

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 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.