Western New England Bancorp, Inc. (NASDAQ:WNEB) EVP Allen J. Miles III Buys 1,934 Shares

Western New England Bancorp, Inc. (NASDAQ:WNEB) EVP Allen J. Miles III acquired 1,934 shares of the stock in a transaction dated Thursday, November 18th. The shares were bought at an average price of $9.67 per share, for a total transaction of $18,701.78. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NASDAQ:WNEB opened at $9.60 on Thursday. The stock has a market cap of $217.86 million, a PE ratio of 10.11 and a beta of 0.43. The company’s fifty day moving average is $9.02 and its 200 day moving average is $8.59. Western New England Bancorp, Inc. has a 52 week low of $6.29 and a 52 week high of $9.98. The company has a quick ratio of 0.90, a current ratio of 0.89 and a debt-to-equity ratio of 0.11.

Western New England Bancorp (NASDAQ:WNEB) last announced its earnings results on Monday, October 25th. The financial services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Western New England Bancorp had a net margin of 24.24% and a return on equity of 10.09%. Sell-side analysts anticipate that Western New England Bancorp, Inc. will post 0.98 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 24th. Stockholders of record on Wednesday, November 10th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Tuesday, November 9th. Western New England Bancorp’s payout ratio is 21.05%.

Several institutional investors and hedge funds have recently made changes to their positions in WNEB. Millennium Management LLC boosted its stake in shares of Western New England Bancorp by 468.3% during the 2nd quarter. Millennium Management LLC now owns 482,634 shares of the financial services provider’s stock valued at $3,933,000 after purchasing an additional 397,712 shares in the last quarter. Ergoteles LLC bought a new stake in shares of Western New England Bancorp during the 2nd quarter valued at about $796,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Western New England Bancorp during the 1st quarter valued at about $748,000. Susquehanna Fundamental Investments LLC bought a new stake in Western New England Bancorp during the second quarter worth about $717,000. Finally, Renaissance Technologies LLC boosted its stake in Western New England Bancorp by 4.1% during the second quarter. Renaissance Technologies LLC now owns 1,836,944 shares of the financial services provider’s stock worth $14,971,000 after acquiring an additional 72,100 shares in the last quarter. 50.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the stock. Hovde Group upgraded shares of Western New England Bancorp from a “market perform” rating to an “outperform” rating in a research report on Friday, September 17th. Zacks Investment Research upgraded shares of Western New England Bancorp from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Friday, October 29th.

About Western New England Bancorp

Western New England Bancorp, Inc is a holding company, which engages in the provision of financial services. It offers a range of investment advisory and wealth management services. Its loan portfolio includes commercial real estate, residential real estate, commercial and industrial, and consumer loans.

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