Short Interest in Western New England Bancorp, Inc. (NASDAQ:WNEB) Drops By 46.3%

Western New England Bancorp, Inc. (NASDAQ:WNEB - Get Free Report) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 79,100 shares, a decline of 46.3% from the March 15th total of 147,400 shares. Based on an average trading volume of 61,100 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.4% of the company's shares are short sold.

Western New England Bancorp Stock Up 0.9 %

WNEB stock traded up $0.08 during trading on Friday, reaching $8.55. 59,739 shares of the stock were exchanged, compared to its average volume of 44,664. The firm's 50 day moving average is $9.03 and its 200 day moving average is $9.05. The firm has a market cap of $177.93 million, a P/E ratio of 15.27 and a beta of 0.57. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Western New England Bancorp has a twelve month low of $6.00 and a twelve month high of $10.08.

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. Western New England Bancorp had a return on equity of 4.91% and a net margin of 9.51%. During the same quarter last year, the business earned $0.12 EPS. As a group, research analysts forecast that Western New England Bancorp will post 0.6 EPS for the current year.

Western New England Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Wednesday, February 12th. Western New England Bancorp's dividend payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Western New England Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Western New England Bancorp by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,495,233 shares of the financial services provider's stock valued at $13,756,000 after purchasing an additional 5,560 shares during the last quarter. Fourthstone LLC lifted its holdings in shares of Western New England Bancorp by 18.3% in the fourth quarter. Fourthstone LLC now owns 910,788 shares of the financial services provider's stock valued at $8,379,000 after purchasing an additional 140,981 shares in the last quarter. Susquehanna International Group LLP boosted its position in shares of Western New England Bancorp by 186.2% during the fourth quarter. Susquehanna International Group LLP now owns 284,223 shares of the financial services provider's stock valued at $2,615,000 after buying an additional 184,907 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Western New England Bancorp by 22.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 186,592 shares of the financial services provider's stock worth $1,717,000 after buying an additional 34,297 shares in the last quarter. Finally, Millennium Management LLC raised its position in Western New England Bancorp by 2.2% in the 4th quarter. Millennium Management LLC now owns 129,892 shares of the financial services provider's stock valued at $1,195,000 after buying an additional 2,735 shares during the last quarter. 67.95% of the stock is owned by institutional investors.

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.