Darlene M. Libiszewski Sells 5,000 Shares of Western New England Bancorp, Inc. (NASDAQ:WNEB) Stock

Western New England Bancorp, Inc. (NASDAQ:WNEB) SVP Darlene M. Libiszewski sold 5,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $9.18, for a total transaction of $45,900.00. Following the transaction, the senior vice president now directly owns 16,020 shares in the company, valued at approximately $147,063.60. The trade was a 23.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Western New England Bancorp Stock Up 0.2 %

Shares of WNEB opened at $9.37 on Thursday. The firm has a market cap of $196.96 million, a P/E ratio of 18.02 and a beta of 0.68. Western New England Bancorp, Inc. has a 12-month low of $6.00 and a 12-month high of $9.76. The company’s 50-day moving average price is $8.76 and its 200 day moving average price is $7.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

Western New England Bancorp (NASDAQ:WNEB) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $30.98 million during the quarter, compared to analysts’ expectations of $17.39 million. Western New England Bancorp had a net margin of 9.05% and a return on equity of 4.58%. On average, sell-side analysts forecast that Western New England Bancorp, Inc. will post 0.52 earnings per share for the current year.

Western New England Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a $0.07 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.28 annualized dividend and a yield of 2.99%. Western New England Bancorp’s dividend payout ratio (DPR) is currently 53.85%.

Institutional Trading of Western New England Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC increased its stake 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. Legato Capital Management LLC increased its stake in Western New England Bancorp by 39.0% during the second quarter. Legato Capital Management LLC now owns 21,441 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 6,021 shares during the period. Quadrature Capital Ltd increased its stake in Western New England Bancorp by 50.9% during the first quarter. Quadrature Capital Ltd now owns 22,173 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 7,482 shares during the period. Barclays PLC increased its stake in Western New England Bancorp by 23.8% during the third quarter. Barclays PLC now owns 44,422 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 8,532 shares during the period. Finally, ST Germain D J Co. Inc. increased its stake in Western New England Bancorp by 45.2% during the second quarter. ST Germain D J Co. Inc. now owns 32,130 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 10,006 shares during the period. 67.95% of the stock is currently owned by hedge funds and other institutional investors.

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.