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.
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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