Western New England Bancorp (NASDAQ:WNEB) SVP Darlene Libiszewski Sells 3,680 Shares

Western New England Bancorp (NASDAQ:WNEB) SVP Darlene Libiszewski sold 3,680 shares of Western New England Bancorp stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $13.42, for a total value of $49,385.60. Following the completion of the transaction, the senior vice president owned 14,048 shares of the company’s stock, valued at approximately $188,524.16. The trade was a 20.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Western New England Bancorp Stock Performance

WNEB stock traded down $0.20 during midday trading on Friday, reaching $13.39. The company had a trading volume of 32,202 shares, compared to its average volume of 60,400. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $13.38 and a 200 day moving average price of $13.03. Western New England Bancorp has a fifty-two week low of $8.52 and a fifty-two week high of $14.52. The firm has a market capitalization of $269.41 million, a PE ratio of 15.05 and a beta of 0.79.

Western New England Bancorp (NASDAQ:WNEB) last issued its earnings results on Tuesday, April 28th. The financial services provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $21.82 million during the quarter, compared to the consensus estimate of $21.96 million. Western New England Bancorp had a return on equity of 7.25% and a net margin of 13.27%. Analysts anticipate that Western New England Bancorp will post 1 earnings per share for the current year.

Western New England Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, May 13th. This represents a $0.28 annualized dividend and a dividend yield of 2.1%. Western New England Bancorp’s payout ratio is currently 31.46%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and set a $15.00 price objective on shares of Western New England Bancorp in a research report on Wednesday, April 29th. Seaport Research Partners boosted their target price on Western New England Bancorp from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Zacks Research cut Western New England Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings raised Western New England Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Finally, Hovde Group raised Western New England Bancorp to a “hold” rating in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Western New England Bancorp by 3.2% in the first quarter. Bank of America Corp DE now owns 61,268 shares of the financial services provider’s stock valued at $792,000 after buying an additional 1,884 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Western New England Bancorp by 10.0% in the first quarter. Empowered Funds LLC now owns 123,791 shares of the financial services provider’s stock valued at $1,601,000 after buying an additional 11,291 shares in the last quarter. Sei Investments Co. bought a new position in shares of Western New England Bancorp in the first quarter valued at $265,000. Sound Income Strategies LLC bought a new position in shares of Western New England Bancorp in the first quarter valued at $40,000. Finally, Invesco Ltd. increased its holdings in shares of Western New England Bancorp by 15.9% in the fourth quarter. Invesco Ltd. now owns 24,223 shares of the financial services provider’s stock valued at $306,000 after buying an additional 3,328 shares in the last quarter. Institutional investors own 67.95% of the company’s stock.

Western New England Bancorp Company Profile

Western New England Bancorp is a bank holding company headquartered in Westfield, Massachusetts. Through its wholly owned subsidiary, Westfield Bank, the company provides a full suite of commercial and consumer banking services. Its operations focus on serving small to mid-sized businesses, professional practices, and individual customers, with a strategy centered on relationship-driven banking and community involvement.

The company’s core offerings include deposit products such as checking, savings and money market accounts, along with business cash-management solutions.