Western New England Bancorp, Inc. (NASDAQ:WNEB) Position Reduced by Seizert Capital Partners LLC

Seizert Capital Partners LLC decreased its position in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,898 shares of the financial services provider’s stock after selling 1,250 shares during the period. Seizert Capital Partners LLC owned 0.26% of Western New England Bancorp worth $505,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WNEB. Y Intercept Hong Kong Ltd acquired a new position in Western New England Bancorp in the fourth quarter worth approximately $120,000. Barclays PLC grew its position in 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. Empowered Funds LLC grew its position in Western New England Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 79,545 shares of the financial services provider’s stock worth $676,000 after buying an additional 4,020 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in 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 buying an additional 11,936 shares during the last quarter. Finally, Fourthstone LLC grew its position in 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 buying an additional 606,897 shares during the last quarter. Institutional investors own 67.95% of the company’s stock.

Western New England Bancorp Trading Down 0.3 %

NASDAQ WNEB opened at $9.37 on Thursday. Western New England Bancorp, Inc. has a twelve month low of $6.00 and a twelve month 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 stock has a market cap of $196.94 million, a price-to-earnings ratio of 16.73 and a beta of 0.69. The firm’s 50 day moving average price is $9.24 and its two-hundred day moving average price is $9.02.

Western New England Bancorp (NASDAQ:WNEB) last posted its quarterly earnings data 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 net margin of 9.51% and a return on equity of 4.91%. During the same quarter in the previous year, the business posted $0.12 EPS. Equities analysts anticipate that Western New England Bancorp, Inc. will post 0.6 EPS for the current year.

Western New England Bancorp Dividend Announcement

The company also recently disclosed 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. This represents a $0.28 annualized dividend and a yield of 2.99%. The ex-dividend date was Wednesday, February 12th. Western New England Bancorp’s payout ratio is 50.00%.

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 research report on Wednesday, January 29th.

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.