Western New England Bancorp (NASDAQ:WNEB) Upgraded at Seaport Res Ptn

Western New England Bancorp (NASDAQ:WNEB) was upgraded by research analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports. Seaport Res Ptn also issued estimates for Western New England Bancorp’s Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.18 EPS and Q4 2025 earnings at $0.20 EPS.

Western New England Bancorp Price Performance

Shares of WNEB stock opened at $9.30 on Wednesday. Western New England Bancorp has a 1-year low of $6.00 and a 1-year high of $10.08. The stock’s 50-day moving average is $9.20 and its 200 day moving average is $8.77. The company has a market cap of $195.49 million, a P/E ratio of 17.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95.

Western New England Bancorp (NASDAQ:WNEB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. During the same period in the prior year, the firm earned $0.12 earnings per share. Research analysts predict that Western New England Bancorp will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at Western New England Bancorp

In related news, SVP Darlene M. Libiszewski sold 5,000 shares of Western New England Bancorp stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $9.18, for a total transaction of $45,900.00. Following the completion of the transaction, the senior vice president now directly owns 16,020 shares in the company, valued at approximately $147,063.60. This trade represents a 23.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.80% of the company’s stock.

Institutional Trading of Western New England Bancorp

Institutional investors have recently bought and sold shares of the business. Fourthstone LLC boosted its stake in shares of Western New England Bancorp by 372.5% in the third quarter. Fourthstone LLC now owns 769,807 shares of the financial services provider’s stock worth $6,543,000 after acquiring an additional 606,897 shares during the last quarter. Empowered Funds LLC boosted its stake 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Western New England Bancorp by 16.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,605 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 11,936 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Western New England Bancorp by 48.8% in the third quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 16,158 shares during the last quarter. Finally, Barclays PLC boosted its stake 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 acquiring an additional 8,532 shares during the last quarter. 67.95% of the stock is owned by institutional investors and hedge funds.

About Western New England Bancorp

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.