Short Interest in Western New England Bancorp, Inc. (NASDAQ:WNEB) Increases By 20.2%

Western New England Bancorp, Inc. (NASDAQ:WNEB - Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 90,500 shares, an increase of 20.2% from the April 30th total of 75,300 shares. Based on an average daily trading volume, of 64,900 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.5% of the company's shares are short sold.

Western New England Bancorp Stock Down 0.7%

Shares of NASDAQ WNEB traded down $0.06 on Thursday, hitting $9.17. The company had a trading volume of 71,007 shares, compared to its average volume of 61,496. The business has a 50 day moving average of $9.03 and a two-hundred day moving average of $9.18. Western New England Bancorp has a 12-month low of $6.10 and a 12-month high of $10.08. 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 firm has a market capitalization of $189.92 million, a P/E ratio of 16.38 and a beta of 0.74.

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $15.58 million. As a group, equities research analysts forecast that Western New England Bancorp will post 0.6 earnings per share for the current fiscal year.

Western New England Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Wednesday, May 7th. Western New England Bancorp's payout ratio is 52.83%.

Institutional Trading of Western New England Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC raised its holdings in shares of 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 during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Western New England Bancorp during the 4th quarter worth approximately $120,000. Raymond James Financial Inc. acquired a new position in shares of Western New England Bancorp during the 4th quarter worth approximately $209,000. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 acquiring an additional 13,019 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Western New England Bancorp by 22.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 186,592 shares of the financial services provider's stock valued at $1,717,000 after purchasing an additional 34,297 shares during the last quarter. 67.95% of the stock is currently owned by institutional investors and hedge funds.

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.