Deprince Race & Zollo Inc. Sells 2,649 Shares of Western New England Bancorp Inc (WNEB)

Deprince Race & Zollo Inc. cut its position in shares of Western New England Bancorp Inc (NASDAQ:WNEB) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 237,644 shares of the financial services provider’s stock after selling 2,649 shares during the period. Deprince Race & Zollo Inc.’s holdings in Western New England Bancorp were worth $2,495,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American International Group Inc. boosted its position in Western New England Bancorp by 49.6% in the first quarter. American International Group Inc. now owns 13,691 shares of the financial services provider’s stock worth $144,000 after buying an additional 4,540 shares during the period. 1st Global Advisors Inc. purchased a new position in Western New England Bancorp during the first quarter worth about $121,000. Trexquant Investment LP bought a new stake in shares of Western New England Bancorp during the first quarter worth $201,000. Bank of New York Mellon Corp raised its stake in shares of Western New England Bancorp by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 161,219 shares of the financial services provider’s stock worth $1,694,000 after buying an additional 5,980 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Western New England Bancorp during the first quarter worth $225,000. Institutional investors own 37.36% of the company’s stock.

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

Shares of Western New England Bancorp Inc (WNEB) traded down 1.48% during mid-day trading on Tuesday, hitting $10.00. 17,821 shares of the company were exchanged. The firm has a market capitalization of $295.97 million, a P/E ratio of 28.90 and a beta of 0.43. The company’s 50-day moving average price is $10.29 and its 200-day moving average price is $9.63. Western New England Bancorp Inc has a 12-month low of $7.35 and a 12-month high of $10.75.

Western New England Bancorp (NASDAQ:WNEB) last issued its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The business had revenue of $16.53 million during the quarter. Western New England Bancorp had a net margin of 8.86% and a return on equity of 5.28%. Equities research analysts predict that Western New England Bancorp Inc will post $0.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Monday, May 8th. Western New England Bancorp’s payout ratio is 50.00%.

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WNEB has been the subject of a number of research reports. Compass Point raised shares of Western New England Bancorp from a “neutral” rating to a “buy” rating and set a $11.50 price target for the company in a report on Tuesday, February 28th. Zacks Investment Research raised shares of Western New England Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, May 4th. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Western New England Bancorp in a report on Wednesday, April 26th. Piper Jaffray Companies raised their price target on shares of Western New England Bancorp from $10.50 to $11.50 and gave the company an “overweight” rating in a report on Tuesday, February 7th. Finally, TheStreet raised shares of Western New England Bancorp from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Western New England Bancorp has an average rating of “Buy” and an average target price of $11.67.

In related news, Director Paul C. Picknelly sold 15,558 shares of the stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $10.65, for a total value of $165,692.70. Following the completion of the transaction, the director now owns 86,659 shares of the company’s stock, valued at approximately $922,918.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.10% of the stock is owned by corporate insiders.

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.

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).

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