First Trust Advisors LP boosted its stake in Western New England Bancorp (NASDAQ:WNEB) by 223.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,360 shares of the financial services provider’s stock after acquiring an additional 47,949 shares during the period. First Trust Advisors LP owned 0.23% of Western New England Bancorp worth $704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 1st Global Advisors Inc. acquired a new stake in Western New England Bancorp in the first quarter valued at $121,000. American International Group Inc. raised its holdings in Western New England Bancorp by 49.6% in the first quarter. American International Group Inc. now owns 13,691 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 4,540 shares in the last quarter. Nationwide Fund Advisors raised its holdings in 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 acquiring an additional 4,428 shares in the last quarter. Trexquant Investment LP acquired a new stake in Western New England Bancorp in the first quarter valued at $201,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Western New England Bancorp by 17.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,248 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 2,902 shares in the last quarter. 56.02% of the stock is currently owned by hedge funds and other institutional investors.

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Several analysts have weighed in on the stock. Zacks Investment Research lowered shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. ValuEngine upgraded shares of Western New England Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $11.50 target price on shares of Western New England Bancorp in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Western New England Bancorp has a consensus rating of “Hold” and a consensus target price of $11.67.

Shares of Western New England Bancorp (NASDAQ WNEB) opened at 10.75 on Friday. The firm’s 50-day moving average is $9.94 and its 200 day moving average is $10.20. Western New England Bancorp has a 1-year low of $7.45 and a 1-year high of $10.95. The company has a market cap of $322.29 million, a price-to-earnings ratio of 24.83 and a beta of 0.41.

Western New England Bancorp (NASDAQ:WNEB) last issued its earnings results 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 firm had revenue of $16.82 million during the quarter, compared to the consensus estimate of $16.74 million. Western New England Bancorp had a return on equity of 5.47% and a net margin of 15.93%. Equities analysts expect that Western New England Bancorp will post $0.58 EPS for the current fiscal year.

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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