Teachers Advisors LLC increased its stake in Western New England Bancorp (NASDAQ:WNEB) by 38.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,650 shares of the financial services provider’s stock after purchasing an additional 13,551 shares during the period. Teachers Advisors LLC owned 0.16% of Western New England Bancorp worth $494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its holdings in shares of Western New England Bancorp by 7.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,264,909 shares of the financial services provider’s stock worth $13,282,000 after purchasing an additional 91,679 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Western New England Bancorp by 0.6% in the 1st 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. Deprince Race & Zollo Inc. lifted its holdings in shares of Western New England Bancorp by 129.4% in the 2nd 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. Monarch Partners Asset Management LLC raised its stake in Western New England Bancorp by 585.6% during the 2nd quarter. Monarch Partners Asset Management LLC now owns 287,550 shares of the financial services provider’s stock valued at $2,919,000 after acquiring an additional 245,610 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Western New England Bancorp by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 222,774 shares of the financial services provider’s stock valued at $2,339,000 after acquiring an additional 3,209 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts have recently issued reports on the company. ValuEngine upgraded Western New England Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Piper Jaffray Companies reiterated a “buy” rating and set a $11.50 price target on shares of Western New England Bancorp in a research report on Friday, July 28th. Zacks Investment Research upgraded Western New England Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.00 price target on shares of Western New England Bancorp in a research report on Tuesday, October 3rd. Finally, Compass Point cut Western New England Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. Five investment analysts have rated the stock with a hold rating, Western New England Bancorp presently has a consensus rating of “Hold” and a consensus target price of $11.25.

Western New England Bancorp (NASDAQ:WNEB) opened at $10.10 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $310.94, a price-to-earnings ratio of 20.30 and a beta of 0.39. Western New England Bancorp has a 1-year low of $8.02 and a 1-year high of $11.10.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Sunday, October 8th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.19%. Western New England Bancorp’s dividend payout ratio is 24.49%.

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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