Dalton Greiner Hartman Maher & Co. Raises Stake in Western New England Bancorp Inc (NASDAQ:WNEB)

Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of Western New England Bancorp Inc (NASDAQ:WNEB) by 4.5% in the fourth quarter, HoldingsChannel reports. The fund owned 326,678 shares of the financial services provider’s stock after acquiring an additional 14,166 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Western New England Bancorp were worth $3,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Metropolitan Life Insurance Co NY purchased a new position in Western New England Bancorp during the 3rd quarter valued at about $84,000. Squarepoint Ops LLC purchased a new position in Western New England Bancorp during the 3rd quarter valued at about $111,000. Rhumbline Advisers lifted its position in Western New England Bancorp by 7.5% during the 3rd quarter. Rhumbline Advisers now owns 44,585 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 3,097 shares during the period. California Public Employees Retirement System lifted its position in Western New England Bancorp by 4.0% during the 3rd quarter. California Public Employees Retirement System now owns 78,658 shares of the financial services provider’s stock valued at $750,000 after acquiring an additional 3,042 shares during the period. Finally, Northern Trust Corp lifted its position in Western New England Bancorp by 1.8% during the 2nd quarter. Northern Trust Corp now owns 337,825 shares of the financial services provider’s stock valued at $3,155,000 after acquiring an additional 6,033 shares during the period. 52.25% of the stock is owned by institutional investors.

Shares of Western New England Bancorp stock opened at $9.40 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $249.95 million, a PE ratio of 16.79 and a beta of 0.20. Western New England Bancorp Inc has a 52-week low of $8.50 and a 52-week high of $10.18. The company has a 50-day simple moving average of $9.69 and a two-hundred day simple moving average of $9.43.

Western New England Bancorp (NASDAQ:WNEB) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $17.14 million during the quarter, compared to analysts’ expectations of $17.20 million. Western New England Bancorp had a return on equity of 5.93% and a net margin of 15.15%. As a group, equities research analysts forecast that Western New England Bancorp Inc will post 0.5 EPS for the current fiscal year.

In other Western New England Bancorp news, EVP Allen J. Miles III sold 2,911 shares of Western New England Bancorp stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $9.78, for a total value of $28,469.58. 5.22% of the stock is currently owned by insiders.

Several research analysts have issued reports on WNEB shares. BidaskClub cut shares of Western New England Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 31st. Zacks Investment Research cut shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Western New England Bancorp has an average rating of “Hold” and an average target price of $10.50.

About Western New England Bancorp

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, savings, business and municipal savings, money market and business sweep, and individual retirement accounts; time deposits; term certificates of deposit; and interest on lawyers trust accounts.

Featured Story: What causes a stock to be most active?

Want to see what other hedge funds are holding WNEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western New England Bancorp Inc (NASDAQ:WNEB).

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

Receive News & Ratings for Western New England Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western New England Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.