Western New England Bancorp, Inc. (NASDAQ:WNEB) Short Interest Up 20.2% in May

Western New England Bancorp, Inc. (NASDAQ:WNEB) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 90,500 shares, a growth of 20.2% from the April 30th total of 75,300 shares. Based on an average daily volume of 64,900 shares, the short-interest ratio is presently 1.4 days. Currently, 0.5% of the company’s stock are short sold.

Western New England Bancorp Stock Performance

Shares of WNEB stock opened at $9.29 on Wednesday. The company’s fifty day simple moving average is $9.03 and its 200-day simple moving average is $9.18. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.62. Western New England Bancorp has a 12 month low of $6.10 and a 12 month high of $10.08. The firm has a market cap of $192.41 million, a PE ratio of 16.59 and a beta of 0.74.

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

Western New England Bancorp Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WNEB. Schonfeld Strategic Advisors LLC bought a new position in Western New England Bancorp during the fourth quarter worth about $253,000. Balyasny Asset Management L.P. acquired a new position in Western New England Bancorp during the fourth quarter worth about $108,000. Dimensional Fund Advisors LP lifted its stake in Western New England Bancorp by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,495,233 shares of the financial services provider’s stock valued at $13,756,000 after purchasing an additional 5,560 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Western New England Bancorp by 5.1% in the 4th quarter. Empowered Funds LLC now owns 83,595 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 4,050 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Western New England Bancorp during the fourth quarter valued at about $120,000. Institutional investors and hedge funds own 67.95% of the company’s stock.

Western New England Bancorp Company 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.