Western New England Bancorp Inc (NASDAQ:WNEB) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of Western New England Bancorp Inc (NASDAQ:WNEB) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 337,825 shares of the financial services provider’s stock after purchasing an additional 6,033 shares during the quarter. Northern Trust Corp owned about 1.25% of Western New England Bancorp worth $3,155,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Panagora Asset Management Inc. boosted its holdings in shares of Western New England Bancorp by 11.7% during the second quarter. Panagora Asset Management Inc. now owns 54,639 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 5,740 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Western New England Bancorp by 31.1% during the second quarter. Acadian Asset Management LLC now owns 38,822 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 9,205 shares during the last quarter. Context BH Capital Management LP acquired a new stake in shares of Western New England Bancorp during the second quarter worth $250,000. Renaissance Technologies LLC boosted its holdings in shares of Western New England Bancorp by 1.7% during the second quarter. Renaissance Technologies LLC now owns 1,713,327 shares of the financial services provider’s stock worth $16,002,000 after purchasing an additional 28,118 shares during the last quarter. Finally, Seizert Capital Partners LLC acquired a new stake in shares of Western New England Bancorp during the second quarter worth $325,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

Several equities research analysts have recently issued reports on WNEB shares. ValuEngine upgraded Western New England Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. DA Davidson restated a “neutral” rating on shares of Western New England Bancorp in a report on Monday, July 22nd. Zacks Investment Research restated a “hold” rating on shares of Western New England Bancorp in a report on Saturday, September 28th. Finally, BidaskClub upgraded Western New England Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Western New England Bancorp has an average rating of “Hold” and an average price target of $10.50.

Shares of Western New England Bancorp stock opened at $9.52 on Friday. Western New England Bancorp Inc has a twelve month low of $8.50 and a twelve month high of $10.59. The stock has a market capitalization of $250.01 million, a P/E ratio of 17.70 and a beta of 0.21. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average price is $9.31 and its 200 day moving average price is $9.31.

Western New England Bancorp (NASDAQ:WNEB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $0.12 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.12. Western New England Bancorp had a return on equity of 6.16% and a net margin of 16.17%. The firm had revenue of $16.72 million for the quarter, compared to analysts’ expectations of $16.93 million. As a group, sell-side analysts predict that Western New England Bancorp Inc will post 0.51 EPS for the current year.

Western New England Bancorp Company 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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