Western New England Bancorp (WNEB) Holdings Increased by Rhumbline Advisers

Rhumbline Advisers raised its position in shares of Western New England Bancorp (NASDAQ:WNEB) by 46.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 36,620 shares of the financial services provider’s stock after purchasing an additional 11,545 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Western New England Bancorp worth $372,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. American International Group Inc. increased its position in Western New England Bancorp by 49.6% during the 1st quarter. American International Group Inc. now owns 13,691 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 4,540 shares during the period. Nationwide Fund Advisors grew its position in shares of Western New England Bancorp by 32.5% during the 1st quarter. Nationwide Fund Advisors now owns 18,068 shares of the financial services provider’s stock worth $190,000 after buying an additional 4,428 shares during the period. Trexquant Investment LP acquired a new stake in shares of Western New England Bancorp during the 1st quarter worth approximately $201,000. Metropolitan Life Insurance Co. NY grew its position in shares of Western New England Bancorp by 17.8% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 19,248 shares of the financial services provider’s stock worth $202,000 after buying an additional 2,902 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Western New England Bancorp during the 1st quarter worth approximately $225,000. 56.02% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on WNEB. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.00 price objective on shares of Western New England Bancorp in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. ValuEngine raised shares of Western New England Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $11.50 price objective on shares of Western New England Bancorp in a research report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $11.33.

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Shares of Western New England Bancorp (NASDAQ:WNEB) opened at 10.80 on Friday. The firm has a market cap of $323.78 million, a P/E ratio of 24.94 and a beta of 0.42. Western New England Bancorp has a 12 month low of $7.45 and a 12 month high of $11.03. The stock’s 50 day moving average is $10.33 and its 200 day moving average is $10.24.

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

About Western New England Bancorp

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.

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

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