Western New England Bancorp (NASDAQ:WNEB) Rating Increased to Strong-Buy 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 Stock Performance

Western New England Bancorp stock opened at $9.30 on Wednesday. The stock has a fifty day moving average price of $9.20 and a 200 day moving average price 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. Western New England Bancorp has a 52 week low of $6.00 and a 52 week high of $10.08. The firm has a market capitalization of $195.49 million, a P/E ratio of 17.88 and a beta of 0.70.

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

Western New England Bancorp Announces Dividend

The business 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 dividend payout ratio is presently 53.85%.

Insider Activity

In other news, 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 value of $45,900.00. Following the completion of the sale, the senior vice president now owns 16,020 shares of the company’s stock, valued at approximately $147,063.60. The trade was a 23.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.80% of the company’s stock.

Institutional Trading of Western New England Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its position in shares of Western New England Bancorp by 5.3% during the 3rd 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. Barclays PLC increased its position in Western New England Bancorp by 23.8% in the third quarter. Barclays PLC now owns 44,422 shares of the financial services provider’s stock worth $378,000 after buying an additional 8,532 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Western New England Bancorp by 16.9% in 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 buying an additional 11,936 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Western New England Bancorp by 48.8% during the third quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 16,158 shares during the period. Finally, Fourthstone LLC grew its position in shares of Western New England Bancorp by 372.5% during the third quarter. Fourthstone LLC now owns 769,807 shares of the financial services provider’s stock worth $6,543,000 after acquiring an additional 606,897 shares during the last quarter. Institutional investors own 67.95% of the company’s stock.

Western New England Bancorp Company Profile

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.