Royce & Associates LP Has $7.87 Million Position in Western New England Bancorp, Inc. (NASDAQ:WNEB)

Royce & Associates LP cut its position in Western New England Bancorp, Inc. (NASDAQ:WNEB) by 6.3% during the 4th quarter, HoldingsChannel reports. The firm owned 855,581 shares of the financial services provider’s stock after selling 57,150 shares during the quarter. Royce & Associates LP’s holdings in Western New England Bancorp were worth $7,871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Fourthstone LLC increased its position in shares of Western New England Bancorp by 372.5% in the 3rd quarter. Fourthstone LLC now owns 769,807 shares of the financial services provider’s stock valued at $6,543,000 after buying an additional 606,897 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Western New England Bancorp by 15.8% in 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 acquiring an additional 13,019 shares during the period. Empowered Funds LLC increased its holdings in shares of Western New England Bancorp by 5.1% in the fourth quarter. Empowered Funds LLC now owns 83,595 shares of the financial services provider’s stock worth $769,000 after acquiring an additional 4,050 shares in the last quarter. Barclays PLC raised its position in shares of Western New England Bancorp by 23.8% during the third quarter. Barclays PLC now owns 44,422 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 8,532 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Western New England Bancorp during the 4th quarter valued at about $209,000. 67.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

WNEB stock opened at $9.07 on Wednesday. The stock has a market cap of $188.18 million, a PE ratio of 16.20 and a beta of 0.71. The stock has a 50-day moving average price of $9.23 and a two-hundred day moving average price of $9.05. Western New England Bancorp, Inc. has a 1 year low of $6.00 and a 1 year high of $10.08. 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 (NASDAQ:WNEB) last released its quarterly 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 in the prior year, the company posted $0.12 earnings per share. Equities analysts forecast that Western New England Bancorp, Inc. will post 0.6 EPS for the current fiscal year.

Western New England Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.28 annualized dividend and a yield of 3.09%. Western New England Bancorp’s dividend payout ratio (DPR) is presently 50.00%.

Western New England Bancorp 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.