JPMorgan Chase & Co. Has $129,000 Stake in Western New England Bancorp Inc (WNEB)

JPMorgan Chase & Co. grew its position in Western New England Bancorp Inc (NASDAQ:WNEB) by 119.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,990 shares of the financial services provider’s stock after buying an additional 6,520 shares during the period. JPMorgan Chase & Co.’s holdings in Western New England Bancorp were worth $129,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System grew its stake in shares of Western New England Bancorp by 7.5% in the 2nd quarter. California Public Employees Retirement System now owns 78,716 shares of the financial services provider’s stock valued at $866,000 after buying an additional 5,510 shares during the period. BlackRock Inc. grew its stake in shares of Western New England Bancorp by 1.6% in the 2nd quarter. BlackRock Inc. now owns 2,217,666 shares of the financial services provider’s stock valued at $24,393,000 after buying an additional 35,747 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Western New England Bancorp by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,196,685 shares of the financial services provider’s stock valued at $24,163,000 after buying an additional 35,140 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Western New England Bancorp by 7.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,574,409 shares of the financial services provider’s stock valued at $17,318,000 after buying an additional 102,982 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

Shares of WNEB stock opened at $8.98 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.93. Western New England Bancorp Inc has a one year low of $8.51 and a one year high of $11.25. The company has a market capitalization of $259.15 million, a PE ratio of 17.96 and a beta of 0.28.

Western New England Bancorp (NASDAQ:WNEB) last issued its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. Western New England Bancorp had a net margin of 14.03% and a return on equity of 6.60%. The firm had revenue of $16.90 million for the quarter, compared to analyst estimates of $17.49 million. Equities analysts expect that Western New England Bancorp Inc will post 0.56 earnings per share for the current year.

In related news, Director Philip R. Smith acquired 4,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were purchased at an average cost of $10.29 per share, for a total transaction of $41,160.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.35% of the company’s stock.

WNEB has been the subject of several analyst reports. Zacks Investment Research raised shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. BidaskClub raised shares of Western New England Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Finally, Compass Point cut shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 8th.

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Western New England Bancorp Company Profile

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides community banking products and services to individuals and businesses. The company accepts various deposit accounts, including time deposits, money market accounts, savings accounts, demand accounts, and interest bearing checking accounts.

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

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