Western New England Bancorp, Inc. (NASDAQ:WNEB) CFO Guida R. Sajdak Acquires 1,495 Shares of Stock

Western New England Bancorp, Inc. (NASDAQ:WNEBGet Free Report) CFO Guida R. Sajdak purchased 1,495 shares of Western New England Bancorp stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $6.72 per share, for a total transaction of $10,046.40. Following the completion of the purchase, the chief financial officer now owns 15,456 shares in the company, valued at approximately $103,864.32. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Western New England Bancorp Stock Performance

Shares of WNEB stock opened at $6.53 on Wednesday. The firm has a market capitalization of $141.24 million, a price-to-earnings ratio of 10.88 and a beta of 0.68. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average price is $6.75 and its 200-day moving average price is $7.76. Western New England Bancorp, Inc. has a 12 month low of $5.63 and a 12 month high of $9.25.

Western New England Bancorp (NASDAQ:WNEBGet Free Report) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Western New England Bancorp had a net margin of 11.10% and a return on equity of 5.43%. The firm had revenue of $18.02 million for the quarter, compared to analyst estimates of $18.46 million. Equities research analysts forecast that Western New England Bancorp, Inc. will post 0.49 EPS for the current year.

Western New England Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.28 dividend on an annualized basis and a yield of 4.29%. Western New England Bancorp’s payout ratio is 46.67%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Hennessy Advisors Inc. increased its stake in shares of Western New England Bancorp by 5.9% in the first quarter. Hennessy Advisors Inc. now owns 397,000 shares of the financial services provider’s stock valued at $3,045,000 after buying an additional 22,000 shares during the period. Acadian Asset Management LLC increased its position in Western New England Bancorp by 8.5% during the 1st quarter. Acadian Asset Management LLC now owns 344,810 shares of the financial services provider’s stock valued at $2,643,000 after purchasing an additional 26,960 shares during the period. Federated Hermes Inc. raised its holdings in Western New England Bancorp by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 168,218 shares of the financial services provider’s stock worth $1,514,000 after purchasing an additional 2,656 shares during the last quarter. White Pine Capital LLC lifted its position in shares of Western New England Bancorp by 28.6% in the 4th quarter. White Pine Capital LLC now owns 101,352 shares of the financial services provider’s stock worth $912,000 after purchasing an additional 22,541 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Western New England Bancorp by 32.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 81,972 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 20,025 shares during the last quarter. 67.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler reissued a “neutral” rating and issued a $7.50 price objective (down previously from $9.00) on shares of Western New England Bancorp in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $7.50.

Read Our Latest Stock Analysis on WNEB

About Western New England Bancorp

(Get Free Report)

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.

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