California Public Employees Retirement System Boosts Holdings in Western New England Bancorp Inc (NASDAQ:WNEB)

California Public Employees Retirement System grew its position in Western New England Bancorp Inc (NASDAQ:WNEB) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,658 shares of the financial services provider’s stock after buying an additional 3,042 shares during the period. California Public Employees Retirement System owned 0.30% of Western New England Bancorp worth $750,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Context BH Capital Management LP purchased a new stake in shares of Western New England Bancorp in the 2nd quarter valued at approximately $250,000. Seizert Capital Partners LLC purchased a new stake in shares of Western New England Bancorp in the 2nd quarter valued at approximately $325,000. Acadian Asset Management LLC grew its stake in shares of Western New England Bancorp by 31.1% in the 2nd quarter. Acadian Asset Management LLC now owns 38,822 shares of the financial services provider’s stock valued at $363,000 after buying an additional 9,205 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Western New England Bancorp in the 2nd quarter valued at approximately $419,000. Finally, Rhumbline Advisers grew its stake in shares of Western New England Bancorp by 7.5% in the 3rd quarter. Rhumbline Advisers now owns 44,585 shares of the financial services provider’s stock valued at $425,000 after buying an additional 3,097 shares during the period. 52.25% of the stock is owned by institutional investors and hedge funds.

NASDAQ:WNEB opened at $9.74 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $260.57 million, a P/E ratio of 17.39 and a beta of 0.21. The company has a 50 day moving average price of $9.67 and a 200 day moving average price of $9.34. Western New England Bancorp Inc has a fifty-two week low of $8.50 and a fifty-two week high of $10.27.

Western New England Bancorp (NASDAQ:WNEB) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). The company had revenue of $17.14 million for the quarter, compared to analysts’ expectations of $17.20 million. Western New England Bancorp had a return on equity of 5.93% and a net margin of 15.15%. Research analysts forecast that Western New England Bancorp Inc will post 0.5 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.05%. Western New England Bancorp’s payout ratio is currently 35.71%.

WNEB has been the subject of several analyst reports. BidaskClub raised shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Zacks Investment Research cut shares of Western New England Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Western New England Bancorp currently has an average rating of “Hold” and a consensus target price of $10.50.

Western New England Bancorp Profile

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

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

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