Renaissance Technologies LLC Increases Position in Western New England Bancorp Inc (WNEB)

Renaissance Technologies LLC boosted its stake in Western New England Bancorp Inc (NASDAQ:WNEB) by 5.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,463,409 shares of the financial services provider’s stock after buying an additional 77,374 shares during the period. Renaissance Technologies LLC’s holdings in Western New England Bancorp were worth $15,951,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Western New England Bancorp in the 3rd quarter valued at about $186,000. The Manufacturers Life Insurance Company boosted its holdings in Western New England Bancorp by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,189 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 1,873 shares during the period. Wells Fargo & Company MN boosted its holdings in Western New England Bancorp by 42.2% in the 3rd quarter. Wells Fargo & Company MN now owns 35,603 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 10,557 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Western New England Bancorp by 48.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 57,949 shares of the financial services provider’s stock valued at $632,000 after purchasing an additional 18,849 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Western New England Bancorp by 7.1% in the 4th quarter. Bank of New York Mellon Corp now owns 184,152 shares of the financial services provider’s stock valued at $2,007,000 after purchasing an additional 12,137 shares during the period. Institutional investors and hedge funds own 54.45% of the company’s stock.

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In other news, SVP Cidalia Inacio sold 12,125 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $10.69, for a total transaction of $129,616.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.58% of the company’s stock.

NASDAQ WNEB opened at $10.65 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $322.45, a price-to-earnings ratio of 21.30 and a beta of 0.42. Western New England Bancorp Inc has a 12-month low of $9.30 and a 12-month high of $11.25.

Western New England Bancorp (NASDAQ:WNEB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). Western New England Bancorp had a net margin of 14.93% and a return on equity of 6.00%. The business had revenue of $17.35 million during the quarter, compared to the consensus estimate of $17.51 million. research analysts forecast that Western New England Bancorp Inc will post 0.56 EPS for the current fiscal year.

A number of research firms have issued reports on WNEB. BidaskClub raised shares of Western New England Bancorp from a “hold” rating to a “buy” rating in a report on Friday. Piper Jaffray reissued a “hold” rating and issued a $11.50 price objective on shares of Western New England Bancorp in a report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Western New England Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Finally, Sandler O’Neill began coverage on shares of Western New England Bancorp in a report on Tuesday, December 5th. They issued a “buy” rating and a $13.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $11.88.

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Western New England Bancorp Profile

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.

Want to see what other hedge funds are holding WNEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western New England Bancorp Inc (NASDAQ:WNEB).

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

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