Western New England Bancorp (WNEB) EVP Allen J. Miles III Sells 2,000 Shares

Western New England Bancorp (NASDAQ:WNEB) EVP Allen J. Miles III sold 2,000 shares of Western New England Bancorp stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $10.40, for a total transaction of $20,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Western New England Bancorp (NASDAQ WNEB) traded up $0.10 during mid-day trading on Tuesday, reaching $10.40. 53,600 shares of the company’s stock traded hands, compared to its average volume of 76,086. The company has a market capitalization of $315.53, a price-to-earnings ratio of 20.60 and a beta of 0.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. Western New England Bancorp has a twelve month low of $8.17 and a twelve month high of $11.10.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Sunday, October 8th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.15%. The ex-dividend date is Thursday, October 5th. Western New England Bancorp’s dividend payout ratio is 24.49%.

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WNEB has been the topic of several research reports. ValuEngine raised shares of Western New England Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. 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. Compass Point lowered shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Western New England Bancorp in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $11.50 price objective on shares of Western New England Bancorp in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $11.25.

Institutional investors and hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Western New England Bancorp in the second quarter worth about $117,000. 1st Global Advisors Inc. increased its stake in shares of Western New England Bancorp by 1.0% in the second quarter. 1st Global Advisors Inc. now owns 11,655 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 117 shares in the last quarter. Voya Investment Management LLC purchased a new position in shares of Western New England Bancorp in the second quarter worth about $119,000. American International Group Inc. increased its stake in shares of 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 worth $144,000 after purchasing an additional 4,540 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Western New England Bancorp in the third quarter worth about $186,000. Hedge funds and other institutional investors own 56.57% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Western New England Bancorp (NASDAQ:WNEB)

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