Western New England Bancorp, Inc. (NASDAQ:WNEB) Short Interest Up 142.4% in March

Western New England Bancorp, Inc. (NASDAQ:WNEB) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 147,400 shares, an increase of 142.4% from the February 28th total of 60,800 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 55,400 shares, the short-interest ratio is currently 2.7 days.

Analysts Set New Price Targets

Separately, Seaport Res Ptn raised shares of Western New England Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th.

Institutional Investors Weigh In On Western New England Bancorp

Large investors have recently modified their holdings of the business. Fourthstone LLC boosted its stake in shares of 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 purchasing an additional 606,897 shares in the last quarter. Susquehanna International Group LLP boosted its position in Western New England Bancorp by 186.2% during the 4th quarter. Susquehanna International Group LLP now owns 284,223 shares of the financial services provider’s stock valued at $2,615,000 after acquiring an additional 184,907 shares in the last quarter. 683 Capital Management LLC purchased a new position in shares of Western New England Bancorp in the 4th quarter valued at $366,000. Alliancebernstein L.P. bought a new position in shares of Western New England Bancorp in the 4th quarter worth $327,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Western New England Bancorp by 22.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 186,592 shares of the financial services provider’s stock worth $1,717,000 after purchasing an additional 34,297 shares during the last quarter. Institutional investors own 67.95% of the company’s stock.

Western New England Bancorp Stock Up 0.9 %

Shares of NASDAQ WNEB opened at $9.43 on Friday. Western New England Bancorp has a 52-week low of $6.00 and a 52-week high of $10.08. The firm has a market capitalization of $195.65 million, a price-to-earnings ratio of 16.84 and a beta of 0.71. The stock has a 50 day moving average price of $9.30 and a 200 day moving average price of $9.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.95.

Western New England Bancorp (NASDAQ:WNEB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Western New England Bancorp had a return on equity of 4.91% and a net margin of 9.51%. During the same period in the previous year, the business posted $0.12 earnings per share. Sell-side analysts expect that Western New England Bancorp will post 0.6 earnings per share for the current year.

Western New England Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.97%. The ex-dividend date was Wednesday, February 12th. Western New England Bancorp’s payout ratio is 50.00%.

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.