Key Points
- SVP Darlene Libiszewski sold 3,680 shares of Western New England Bancorp at an average price of $13.42, totaling about $49,386. After the sale, she still held 14,048 shares, a 20.76% reduction in ownership.
- The company recently beat earnings expectations, reporting quarterly EPS of $0.24 versus the $0.21 consensus, though revenue came in slightly below estimates at $21.82 million.
- Western New England Bancorp pays a quarterly dividend of $0.07 per share, which annualizes to $0.28 and implies a 2.1% yield.
Western New England Bancorp (NASDAQ:WNEB - Get Free Report) SVP Darlene Libiszewski sold 3,680 shares of Western New England Bancorp stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $13.42, for a total transaction of $49,385.60. Following the sale, the senior vice president owned 14,048 shares of the company's stock, valued at approximately $188,524.16. This represents a 20.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Western New England Bancorp Price Performance
Shares of WNEB opened at $13.39 on Friday. Western New England Bancorp has a 1-year low of $8.52 and a 1-year high of $14.52. The stock has a market cap of $269.41 million, a PE ratio of 15.05 and a beta of 0.79. The firm has a 50-day simple moving average of $13.40 and a two-hundred day simple moving average of $13.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.93 and a quick ratio of 0.93.
Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. Western New England Bancorp had a net margin of 13.27% and a return on equity of 7.25%. The business had revenue of $21.82 million during the quarter, compared to analysts' expectations of $21.96 million. As a group, analysts forecast that Western New England Bancorp will post 1 EPS for the current year.
Western New England Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.28 annualized dividend and a dividend yield of 2.1%. Western New England Bancorp's dividend payout ratio (DPR) is presently 31.46%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on WNEB shares. Piper Sandler reissued an "overweight" rating and issued a $15.00 price objective on shares of Western New England Bancorp in a research note on Wednesday, April 29th. Weiss Ratings raised shares of Western New England Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, May 11th. Hovde Group raised shares of Western New England Bancorp to a "hold" rating in a research note on Thursday, April 2nd. Seaport Research Partners raised their price objective on shares of Western New England Bancorp from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Finally, Zacks Research lowered shares of Western New England Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Western New England Bancorp has an average rating of "Moderate Buy" and an average target price of $15.00.
Get Our Latest Stock Report on Western New England Bancorp
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in WNEB. Cubist Systematic Strategies LLC lifted its stake in Western New England Bancorp by 141.6% in the first quarter. Cubist Systematic Strategies LLC now owns 17,672 shares of the financial services provider's stock worth $164,000 after acquiring an additional 10,358 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Western New England Bancorp by 36.5% in the first quarter. Goldman Sachs Group Inc. now owns 92,006 shares of the financial services provider's stock worth $856,000 after acquiring an additional 24,597 shares during the last quarter. Empowered Funds LLC lifted its stake in Western New England Bancorp by 7.0% in the first quarter. Empowered Funds LLC now owns 89,478 shares of the financial services provider's stock worth $832,000 after acquiring an additional 5,883 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Western New England Bancorp by 190.1% during the 1st quarter. Jane Street Group LLC now owns 80,657 shares of the financial services provider's stock worth $750,000 after buying an additional 52,858 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Western New England Bancorp by 103.6% during the 2nd quarter. Geode Capital Management LLC now owns 434,123 shares of the financial services provider's stock worth $4,007,000 after buying an additional 220,852 shares during the last quarter. Hedge funds and other institutional investors own 67.95% of the company's stock.
About Western New England Bancorp
(
Get Free Report)
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.
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