Dimensional Fund Advisors LP reduced its position in shares of Western New England Bancorp (NASDAQ:WNEB) by 0.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,861,104 shares of the financial services provider’s stock after selling 7,000 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of Western New England Bancorp worth $19,541,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Teachers Advisors LLC acquired a new stake in shares of Western New England Bancorp during the fourth quarter valued at approximately $328,000. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Western New England Bancorp by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 181,620 shares of the financial services provider’s stock valued at $1,907,000 after buying an additional 706 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Western New England Bancorp by 32.5% in the first quarter. Nationwide Fund Advisors now owns 18,068 shares of the financial services provider’s stock valued at $190,000 after buying an additional 4,428 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new stake in shares of Western New England Bancorp during the first quarter valued at approximately $440,000. Finally, First Trust Advisors LP acquired a new stake in shares of Western New England Bancorp during the first quarter valued at approximately $225,000. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Shares of Western New England Bancorp (NASDAQ WNEB) traded down 1.04% during mid-day trading on Friday, hitting $9.50. The stock had a trading volume of 54,081 shares. The firm has a market cap of $284.81 million, a PE ratio of 21.94 and a beta of 0.40. The stock has a 50 day moving average price of $10.08 and a 200 day moving average price of $10.15. Western New England Bancorp has a 52 week low of $7.41 and a 52 week high of $10.95.

Western New England Bancorp (NASDAQ:WNEB) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by $0.01. The company had revenue of $16.82 million during the quarter, compared to analysts’ expectations of $16.74 million. Western New England Bancorp had a return on equity of 5.47% and a net margin of 15.93%. Equities research analysts expect that Western New England Bancorp will post $0.58 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, August 7th. Western New England Bancorp’s dividend payout ratio (DPR) is presently 30.00%.

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WNEB has been the topic of several research analyst reports. TheStreet upgraded Western New England Bancorp from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. Zacks Investment Research upgraded Western New England Bancorp from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, May 4th. Piper Jaffray Companies restated a “buy” rating and set a $11.50 target price on shares of Western New England Bancorp in a report on Friday, July 28th. ValuEngine upgraded Western New England Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods restated a “neutral” rating on shares of Western New England Bancorp in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Western New England Bancorp has a consensus rating of “Hold” and an average price target of $11.67.

In other news, insider William J. Wagner sold 162,363 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $10.21, for a total value of $1,657,726.23. Following the completion of the sale, the insider now directly owns 341,900 shares of the company’s stock, valued at $3,490,799. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.10% of the company’s stock.

Western New England Bancorp Company Profile

Western New England Bancorp, Inc, formerly Westfield Financial, Inc, is a Massachusetts-chartered stock holding company. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products.

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Institutional Ownership by Quarter for Western New England Bancorp (NASDAQ:WNEB)

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