Western New England Bancorp, Inc. (NASDAQ:WNEB) Short Interest Up 61.1% in November

Western New England Bancorp, Inc. (NASDAQ:WNEB) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 67,000 shares, an increase of 61.1% from the November 15th total of 41,600 shares. Based on an average daily volume of 36,300 shares, the short-interest ratio is presently 1.8 days. Approximately 0.4% of the company’s shares are sold short.

Western New England Bancorp Price Performance

Shares of NASDAQ WNEB opened at $9.99 on Friday. The firm has a market capitalization of $209.99 million, a P/E ratio of 19.21 and a beta of 0.69. The firm’s 50-day moving average price is $8.99 and its 200-day moving average price is $8.18. 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 1-year low of $6.00 and a 1-year high of $10.08.

Western New England Bancorp (NASDAQ:WNEB) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $30.98 million for the quarter, compared to analyst estimates of $17.39 million. Equities research analysts anticipate that Western New England Bancorp will post 0.52 earnings per share for the current fiscal year.

Western New England Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.80%. The ex-dividend date was Thursday, November 7th. Western New England Bancorp’s payout ratio is currently 53.85%.

Insider Activity at Western New England Bancorp

In related news, SVP Darlene M. Libiszewski sold 5,000 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 16,020 shares in the company, valued at $147,063.60. The trade was a 23.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.80% of the stock is owned by corporate insiders.

Institutional Trading of Western New England Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legato Capital Management LLC grew its holdings in shares of Western New England Bancorp by 39.0% during the second quarter. Legato Capital Management LLC now owns 21,441 shares of the financial services provider’s stock valued at $148,000 after buying an additional 6,021 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in Western New England Bancorp during the 2nd quarter valued at about $170,000. Barclays PLC increased its holdings in Western New England Bancorp by 23.8% during the 3rd quarter. Barclays PLC now owns 44,422 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 8,532 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Western New England Bancorp by 48.8% in the third quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 16,158 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of 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 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.