Renaissance Technologies LLC Reduces Stock Position in Western New England Bancorp, Inc. (NASDAQ:WNEB)

Renaissance Technologies LLC cut its holdings in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,133,162 shares of the financial services provider's stock after selling 38,100 shares during the period. Renaissance Technologies LLC owned 5.39% of Western New England Bancorp worth $10,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Empowered Funds LLC boosted its stake 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 worth $769,000 after purchasing an additional 4,050 shares in the last quarter. Barclays PLC raised its holdings in shares of Western New England Bancorp by 23.8% in the third 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 last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Western New England Bancorp during the fourth quarter worth $120,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Western New England Bancorp by 15.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,624 shares of the financial services provider's stock valued at $880,000 after buying an additional 13,019 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Western New England Bancorp in the 4th quarter valued at $209,000. Hedge funds and other institutional investors own 67.95% of the company's stock.

Wall Street Analysts Forecast Growth

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

Western New England Bancorp Price Performance

Shares of Western New England Bancorp stock traded up $0.41 on Tuesday, reaching $8.95. The company's stock had a trading volume of 79,056 shares, compared to its average volume of 44,781. 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 capitalization of $186.26 million, a P/E ratio of 15.98 and a beta of 0.57. The stock has a 50-day moving average price of $9.00 and a 200-day moving average price of $9.05. Western New England Bancorp, Inc. has a 52-week low of $6.00 and a 52-week high of $10.08.

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 earnings per share 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%. Analysts expect that Western New England Bancorp, Inc. will post 0.6 EPS for the current year.

Western New England Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.28 annualized dividend and a yield of 3.13%. Western New England Bancorp's dividend payout ratio (DPR) is currently 50.00%.

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.