Hennessy Advisors Inc. Has $3.68 Million Stock Holdings in Western New England Bancorp, Inc. (NASDAQ:WNEB)

Hennessy Advisors Inc. decreased its stake in Western New England Bancorp, Inc. (NASDAQ:WNEB) by 9.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 400,000 shares of the financial services provider’s stock after selling 40,000 shares during the quarter. Hennessy Advisors Inc. owned 1.90% of Western New England Bancorp worth $3,680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Fourthstone LLC raised its stake in Western New England Bancorp by 372.5% during the 3rd 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 during the period. Renaissance Technologies LLC grew its holdings in shares of Western New England Bancorp by 2.8% during the second quarter. Renaissance Technologies LLC now owns 1,200,362 shares of the financial services provider’s stock valued at $8,258,000 after buying an additional 32,700 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Western New England Bancorp by 48.8% during the third quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider’s stock valued at $419,000 after buying an additional 16,158 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Western New England Bancorp by 16.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,605 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 11,936 shares in the last quarter. Finally, Barclays PLC boosted its position 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 acquiring an additional 8,532 shares during the period. Hedge funds and other institutional investors own 67.95% of the company’s stock.

Western New England Bancorp Price Performance

Shares of WNEB opened at $9.09 on Friday. The business’s 50-day moving average is $9.19 and its 200-day moving average is $8.63. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $191.07 million, a price-to-earnings ratio of 17.48 and a beta of 0.70. Western New England Bancorp, Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $10.08.

Western New England Bancorp (NASDAQ:WNEB) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $30.98 million during the quarter, compared to analyst estimates of $17.39 million. Western New England Bancorp had a net margin of 9.05% and a return on equity of 4.58%. Equities research analysts expect that Western New England Bancorp, Inc. will post 0.52 EPS for the current fiscal year.

Western New England Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.28 annualized dividend and a dividend yield of 3.08%. Western New England Bancorp’s dividend payout ratio is 53.85%.

Insider Activity at Western New England Bancorp

In related news, SVP Darlene M. Libiszewski sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $9.18, for a total value of $45,900.00. Following the transaction, the senior vice president now owns 16,020 shares in the company, valued at approximately $147,063.60. This represents a 23.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.80% of the company’s stock.

About Western New England Bancorp

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.