Geode Capital Management LLC Sells 5,164 Shares of Western New England Bancorp, Inc. (NASDAQ:WNEB)

Geode Capital Management LLC trimmed its stake in Western New England Bancorp, Inc. (NASDAQ:WNEB) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,752 shares of the financial services provider’s stock after selling 5,164 shares during the period. Geode Capital Management LLC’s holdings in Western New England Bancorp were worth $1,783,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in WNEB. Renaissance Technologies LLC boosted its holdings in shares of Western New England Bancorp by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,200,362 shares of the financial services provider’s stock valued at $8,258,000 after buying an additional 32,700 shares in the last quarter. Fourthstone LLC lifted its position in 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 valued at $6,543,000 after acquiring an additional 606,897 shares during the last quarter. Acadian Asset Management LLC lifted its position in Western New England Bancorp by 16.6% during the second quarter. Acadian Asset Management LLC now owns 401,909 shares of the financial services provider’s stock valued at $2,762,000 after acquiring an additional 57,099 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted 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 acquiring an additional 11,936 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Western New England Bancorp by 5.3% in the third 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 last quarter. Institutional investors own 67.95% of the company’s stock.

Western New England Bancorp Stock Performance

Shares of WNEB opened at $8.81 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a market cap of $185.17 million, a PE ratio of 16.94 and a beta of 0.70. Western New England Bancorp, Inc. has a 12 month low of $6.00 and a 12 month high of $10.08. The stock has a fifty day moving average price of $9.18 and a 200-day moving average price of $8.54.

Western New England Bancorp (NASDAQ:WNEB) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. The business had revenue of $30.98 million during the quarter, compared to analyst estimates of $17.39 million. Equities research analysts predict that Western New England Bancorp, Inc. will post 0.52 earnings per share for the current fiscal year.

Western New England Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, November 7th. Western New England Bancorp’s dividend payout ratio is presently 53.85%.

Insider Transactions at Western New England Bancorp

In other Western New England Bancorp news, SVP Darlene M. Libiszewski sold 5,000 shares of Western New England Bancorp stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $9.18, for a total transaction of $45,900.00. Following the completion of the sale, the senior vice president now directly owns 16,020 shares in the company, valued at approximately $147,063.60. The trade was a 23.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.80% of the company’s stock.

About Western New England Bancorp

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.