Western New England Bancorp (NASDAQ:WNEB) SVP Darlene Libiszewski Sells 3,680 Shares of Stock

Western New England Bancorp (NASDAQ:WNEB) SVP Darlene Libiszewski sold 3,680 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $13.42, for a total transaction of $49,385.60. Following the transaction, the senior vice president directly owned 14,048 shares in the company, valued at approximately $188,524.16. The trade was a 20.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Western New England Bancorp Stock Performance

WNEB opened at $13.39 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.37. The company has a market cap of $269.41 million, a price-to-earnings ratio of 15.05 and a beta of 0.79. Western New England Bancorp has a 52-week low of $8.52 and a 52-week high of $14.52. The firm’s fifty day simple moving average is $13.40 and its two-hundred day simple moving average is $13.03.

Western New England Bancorp (NASDAQ:WNEB) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The business had revenue of $21.82 million for the quarter, compared to the consensus estimate of $21.96 million. Western New England Bancorp had a net margin of 13.27% and a return on equity of 7.25%. Equities analysts anticipate that Western New England Bancorp will post 1 earnings per share for the current fiscal year.

Western New England Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, May 13th. Western New England Bancorp’s dividend payout ratio is 31.46%.

Institutional Investors Weigh In On Western New England Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MetLife Investment Management LLC increased its position in Western New England Bancorp by 9.8% during the fourth quarter. MetLife Investment Management LLC now owns 8,130 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 726 shares during the last quarter. Bank of America Corp DE increased its position in Western New England Bancorp by 3.2% during the first quarter. Bank of America Corp DE now owns 61,268 shares of the financial services provider’s stock worth $792,000 after purchasing an additional 1,884 shares during the last quarter. Empowered Funds LLC increased its position in Western New England Bancorp by 2.0% during the fourth quarter. Empowered Funds LLC now owns 112,500 shares of the financial services provider’s stock worth $1,420,000 after purchasing an additional 2,171 shares during the last quarter. Bridgeway Capital Management LLC increased its position in shares of Western New England Bancorp by 1.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 223,641 shares of the financial services provider’s stock valued at $2,822,000 after acquiring an additional 2,171 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Western New England Bancorp by 3.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 68,387 shares of the financial services provider’s stock valued at $864,000 after acquiring an additional 2,405 shares during the last quarter. 67.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on WNEB. Zacks Research cut shares of Western New England Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Seaport Research Partners increased their target price on shares of Western New England Bancorp from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Hovde Group upgraded shares of Western New England Bancorp to a “hold” rating in a research report on Thursday, April 2nd. Weiss Ratings upgraded shares of Western New England Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $15.00 target price on shares of Western New England Bancorp in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

About Western New England Bancorp

Western New England Bancorp is a bank holding company headquartered in Westfield, Massachusetts. Through its wholly owned subsidiary, Westfield Bank, the company provides a full suite of commercial and consumer banking services. Its operations focus on serving small to mid-sized businesses, professional practices, and individual customers, with a strategy centered on relationship-driven banking and community involvement.

The company’s core offerings include deposit products such as checking, savings and money market accounts, along with business cash-management solutions.