Western New England Bancorp, Inc. (NASDAQ:WNEB) Short Interest Update

Western New England Bancorp, Inc. (NASDAQ:WNEB - Get Free Report) was the recipient of a significant increase in short interest during the month of 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. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 64,900 shares, the days-to-cover ratio is currently 1.4 days.

Western New England Bancorp Price Performance

WNEB stock traded up $0.15 during trading on Friday, hitting $9.32. 69,505 shares of the company's stock traded hands, compared to its average volume of 46,963. Western New England Bancorp has a 52 week low of $6.10 and a 52 week high of $10.08. 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 business has a fifty day simple moving average of $9.02 and a 200 day simple moving average of $9.19. The stock has a market capitalization of $193.03 million, a price-to-earnings ratio of 16.64 and a beta of 0.77.

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.11 EPS 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 the consensus estimate 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, research analysts expect that Western New England Bancorp will post 0.6 EPS for the current fiscal year.

Western New England Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Wednesday, May 7th. Western New England Bancorp's dividend payout ratio is currently 52.83%.

Institutional Investors Weigh In On Western New England Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC increased its position in Western New England Bancorp by 483.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 7,314 shares of the financial services provider's stock valued at $67,000 after purchasing an additional 6,060 shares during the period. Balyasny Asset Management L.P. purchased a new position in Western New England Bancorp during the 4th quarter valued at about $108,000. Y Intercept Hong Kong Ltd purchased a new position in Western New England Bancorp during the 4th quarter valued at about $120,000. Janney Montgomery Scott LLC increased its position in Western New England Bancorp by 28.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,180 shares of the financial services provider's stock valued at $132,000 after purchasing an additional 3,100 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new position in Western New England Bancorp during the 1st quarter valued at about $142,000. Institutional investors own 67.95% of the company's stock.

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.