Western New England Bancorp (NASDAQ:WNEB - Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.14 by $0.09, Zacks reports. Western New England Bancorp had a net margin of 8.83% and a return on equity of 4.63%.
Western New England Bancorp Trading Up 1.1%
Shares of NASDAQ WNEB traded up $0.11 during mid-day trading on Tuesday, hitting $10.15. The stock had a trading volume of 93,804 shares, compared to its average volume of 62,166. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.93 and a current ratio of 0.93. Western New England Bancorp has a 1 year low of $7.38 and a 1 year high of $10.23. The business has a 50 day moving average price of $9.41 and a two-hundred day moving average price of $9.20. The firm has a market cap of $210.22 million, a P/E ratio of 19.15 and a beta of 0.75.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in WNEB. Cubist Systematic Strategies LLC increased its stake in shares of Western New England Bancorp by 141.6% in the first quarter. Cubist Systematic Strategies LLC now owns 17,672 shares of the financial services provider's stock worth $164,000 after buying an additional 10,358 shares during the period. Jane Street Group LLC increased its stake in shares of Western New England Bancorp by 190.1% in the first quarter. Jane Street Group LLC now owns 80,657 shares of the financial services provider's stock worth $750,000 after buying an additional 52,858 shares during the period. Empowered Funds LLC increased its stake in shares of Western New England Bancorp by 7.0% in the first quarter. Empowered Funds LLC now owns 89,478 shares of the financial services provider's stock worth $832,000 after buying an additional 5,883 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Western New England Bancorp by 36.5% in the first quarter. Goldman Sachs Group Inc. now owns 92,006 shares of the financial services provider's stock worth $856,000 after buying an additional 24,597 shares during the period. 67.95% of the stock is owned by hedge funds and other institutional investors.
About Western New England Bancorp
(
Get Free Report)
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.
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