Western New England Bancorp (NASDAQ:WNEB) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Western New England Bancorp (NASDAQ:WNEB) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports. Seaport Res Ptn also issued estimates for Western New England Bancorp’s Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.18 EPS and Q4 2025 earnings at $0.20 EPS.

Western New England Bancorp Trading Up 4.7 %

Shares of NASDAQ:WNEB opened at $9.30 on Wednesday. The company has a 50 day moving average of $9.20 and a 200-day moving average of $8.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a market cap of $195.49 million, a P/E ratio of 17.88 and a beta of 0.70. Western New England Bancorp has a twelve month low of $6.00 and a twelve month high of $10.08.

Western New England Bancorp (NASDAQ:WNEB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. During the same quarter last year, the company posted $0.12 earnings per share. As a group, analysts anticipate that Western New England Bancorp will post 0.52 earnings per share for the current fiscal year.

Western New England Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, February 12th. Western New England Bancorp’s payout ratio is 53.85%.

Insider Buying and Selling at Western New England Bancorp

In related news, SVP Darlene M. Libiszewski sold 5,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $9.18, for a total value of $45,900.00. Following the completion of the sale, the senior vice president now directly owns 16,020 shares of the company’s stock, valued at approximately $147,063.60. This represents a 23.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.80% of the stock is owned by corporate insiders.

Institutional Trading of Western New England Bancorp

A number of institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Western New England Bancorp by 23.8% during the 3rd quarter. Barclays PLC now owns 44,422 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 8,532 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Western New England Bancorp by 48.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 16,158 shares during the last quarter. Empowered Funds LLC boosted its position in Western New England Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 79,545 shares of the financial services provider’s stock worth $676,000 after purchasing an additional 4,020 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Western New England Bancorp by 16.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,605 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 11,936 shares during the last quarter. Finally, Fourthstone LLC raised its position in shares of Western New England Bancorp by 372.5% in the third quarter. Fourthstone LLC now owns 769,807 shares of the financial services provider’s stock valued at $6,543,000 after purchasing an additional 606,897 shares during the period. Institutional investors and hedge funds own 67.95% of the company’s stock.

About Western New England Bancorp

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including interest-bearing and noninterest-bearing checking, commercial checking, business, nonprofit and municipal checking, savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyer's trust accounts.