Jane Street Group LLC Makes New $256,000 Investment in Western New England Bancorp, Inc. (NASDAQ:WNEB)

Jane Street Group LLC purchased a new position in shares of Western New England Bancorp, Inc. (NASDAQ:WNEB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 27,799 shares of the financial services provider’s stock, valued at approximately $256,000. Jane Street Group LLC owned approximately 0.13% of Western New England Bancorp as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Y Intercept Hong Kong Ltd purchased a new position in Western New England Bancorp during the 4th quarter worth $120,000. Raymond James Financial Inc. purchased a new position in shares of Western New England Bancorp during the fourth quarter valued at approximately $209,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Western New England Bancorp during the fourth quarter valued at approximately $253,000. Alliancebernstein L.P. purchased a new position in Western New England Bancorp during the fourth quarter worth approximately $327,000. Finally, Barclays PLC raised its stake in Western New England Bancorp by 30.9% during the fourth quarter. Barclays PLC now owns 58,165 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 13,743 shares during the period. Hedge funds and other institutional investors own 67.95% of the company’s stock.

Western New England Bancorp Price Performance

WNEB opened at $9.29 on Wednesday. The firm has a market cap of $192.41 million, a price-to-earnings ratio of 16.59 and a beta of 0.74. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Western New England Bancorp, Inc. has a twelve month low of $6.10 and a twelve month high of $10.08. The company has a fifty day simple moving average of $9.03 and a 200 day simple moving average of $9.18.

Western New England Bancorp (NASDAQ:WNEB) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). Western New England Bancorp had a net margin of 9.51% and a return on equity of 4.91%. The firm had revenue of $28.44 million during the quarter, compared to the consensus estimate of $15.58 million. Equities research analysts expect that Western New England Bancorp, Inc. will post 0.6 EPS for the current fiscal year.

Western New England Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Wednesday, May 7th. Western New England Bancorp’s payout ratio is presently 52.83%.

Western New England Bancorp 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.