Bank of America Corp DE Has $517,000 Stock Position in Western New England Bancorp, Inc. (NASDAQ:WNEB)

Bank of America Corp DE raised its holdings in Western New England Bancorp, Inc. (NASDAQ:WNEB) by 17.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,202 shares of the financial services provider’s stock after buying an additional 8,434 shares during the quarter. Bank of America Corp DE owned 0.27% of Western New England Bancorp worth $517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WNEB. Susquehanna International Group LLP grew its holdings in Western New England Bancorp by 186.2% in the 4th quarter. Susquehanna International Group LLP now owns 284,223 shares of the financial services provider’s stock valued at $2,615,000 after buying an additional 184,907 shares during the last quarter. Fourthstone LLC grew its holdings in Western New England Bancorp by 18.3% in the 4th quarter. Fourthstone LLC now owns 910,788 shares of the financial services provider’s stock valued at $8,379,000 after buying an additional 140,981 shares during the last quarter. 683 Capital Management LLC acquired a new stake in Western New England Bancorp in the 4th quarter valued at approximately $366,000. Alliancebernstein L.P. acquired a new stake in Western New England Bancorp in the 4th quarter valued at approximately $327,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Western New England Bancorp by 22.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 186,592 shares of the financial services provider’s stock valued at $1,717,000 after buying an additional 34,297 shares during the last quarter. Institutional investors and hedge funds own 67.95% of the company’s stock.

Western New England Bancorp Stock Performance

WNEB opened at $9.46 on Wednesday. The firm has a market capitalization of $195.93 million, a P/E ratio of 16.89 and a beta of 0.77. The stock’s 50 day moving average price is $9.04 and its two-hundred day moving average price is $9.19. 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, Inc. has a 12-month low of $6.10 and a 12-month high of $10.08.

Western New England Bancorp (NASDAQ:WNEB) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $28.44 million during the quarter, compared to analyst estimates of $15.58 million. On average, equities analysts forecast that Western New England Bancorp, Inc. will post 0.6 earnings per share for the current year.

Western New England Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Wednesday, May 7th. Western New England Bancorp’s payout ratio is presently 52.83%.

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.