EJF Capital LLC Cuts Position in Western New England Bancorp Inc (WNEB)

EJF Capital LLC cut its stake in Western New England Bancorp Inc (NASDAQ:WNEB) by 14.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,000,000 shares of the financial services provider’s stock after selling 167,517 shares during the period. EJF Capital LLC owned about 3.26% of Western New England Bancorp worth $10,900,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in Western New England Bancorp by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,994,548 shares of the financial services provider’s stock worth $21,741,000 after purchasing an additional 57,988 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Western New England Bancorp by 8.7% in the second quarter. Renaissance Technologies LLC now owns 1,374,409 shares of the financial services provider’s stock worth $13,950,000 after purchasing an additional 109,500 shares during the last quarter. Vanguard Group Inc. lifted its stake in Western New England Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 988,528 shares of the financial services provider’s stock worth $10,379,000 after purchasing an additional 5,622 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Western New England Bancorp by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 646,439 shares of the financial services provider’s stock worth $6,560,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its stake in Western New England Bancorp by 129.4% in the second quarter. Deprince Race & Zollo Inc. now owns 545,058 shares of the financial services provider’s stock worth $5,532,000 after purchasing an additional 307,414 shares during the last quarter. Institutional investors own 56.72% of the company’s stock.

Several research firms have weighed in on WNEB. Piper Jaffray Companies downgraded shares of Western New England Bancorp from an “overweight” rating to a “neutral” rating and set a $10.50 price target for the company. in a research note on Friday, November 3rd. Sandler O’Neill began coverage on shares of Western New England Bancorp in a research note on Tuesday. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 price target on shares of Western New England Bancorp in a research note on Tuesday, October 3rd. Finally, Compass Point downgraded shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 18th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Western New England Bancorp has an average rating of “Hold” and a consensus target price of $11.25.

Western New England Bancorp Inc (NASDAQ WNEB) opened at $10.70 on Tuesday. The company has a market cap of $326.25, a PE ratio of 21.30 and a beta of 0.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.96. Western New England Bancorp Inc has a one year low of $8.35 and a one year high of $11.10.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Sunday, October 8th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, October 5th. Western New England Bancorp’s dividend payout ratio (DPR) is 24.49%.

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Western New England Bancorp Company Profile

Western New England Bancorp, Inc, formerly Westfield Financial, Inc, is a Massachusetts-chartered stock holding company. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products.

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Institutional Ownership by Quarter for Western New England Bancorp (NASDAQ:WNEB)

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