Western New England Bancorp (NASDAQ:WNEB) EVP Guida R. Sajdak sold 36,375 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $9.73, for a total value of $353,928.75. Following the completion of the transaction, the executive vice president now directly owns 56,082 shares of the company’s stock, valued at $545,677.86. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Western New England Bancorp (NASDAQ:WNEB) opened at 9.70 on Wednesday. The firm’s 50-day moving average price is $9.45 and its 200 day moving average price is $8.31. The stock has a market cap of $259.57 million, a P/E ratio of 40.42 and a beta of 0.43. Western New England Bancorp has a 52-week low of $7.35 and a 52-week high of $9.95.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Thursday, February 16th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.24%. Western New England Bancorp’s dividend payout ratio is presently 50.00%.
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Several equities analysts recently weighed in on the company. Piper Jaffray Companies assumed coverage on Western New England Bancorp in a research note on Thursday, December 22nd. They issued an “overweight” rating and a $10.50 price objective for the company. Zacks Investment Research raised Western New England Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 28th.
Western New England Bancorp Company 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.
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