<div id="readability-page-1" class="page"><p>Western New England Bancorp (NASDAQ:WNEB - Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03), Zacks reports. Western New England Bancorp had a return on equity of 5.07% and a net margin of 9.51%.</p><h2>Western New England Bancorp Trading Down 0.7%</h2><p>Shares of NASDAQ:WNEB traded down $0.08 during trading on Tuesday, reaching $11.32. 27,885 shares of the stock were exchanged, compared to its average volume of 79,475. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. Western New England Bancorp has a 12-month low of $7.63 and a 12-month high of $12.80. The firm has a market cap of $231.97 million, a price-to-earnings ratio of 19.19 and a beta of 0.88. The firm's 50-day moving average price is $11.92 and its 200 day moving average price is $10.46. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of brokerages have recently issued reports on WNEB. Wall Street Zen upgraded shares of Western New England Bancorp from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, July 26th. Piper Sandler lifted their price objective on shares of Western New England Bancorp from $10.00 to $11.00 and gave the company a &#34;neutral&#34; rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings  reiterated a &#34;hold (c+)&#34; rating on shares of Western New England Bancorp in a research report on Wednesday, October 8th. One equities research analyst  has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $11.00.</p><p><b>Read Our Latest Research Report on Western New England Bancorp</b></p><h2>Insider Transactions at Western New England Bancorp</h2><p>In other Western New England Bancorp news, SVP Darlene M. Libiszewski sold 3,600 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $12.39, for a total value of $44,604.00. Following the completion of the transaction, the senior vice president owned 16,044 shares in the company, valued at $198,785.16. This represents a 18.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through the SEC website. Also, Director Philip R. Smith sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $10.79, for a total value of $43,160.00. Following the completion of the transaction, the director owned 10,497 shares of the company's stock, valued at approximately $113,262.63. This represents a 27.59% decrease in their position. The SEC filing for this sale provides additional information. 6.12% of the stock is currently owned by insiders. </p><h2>Institutional Investors Weigh In On Western New England Bancorp</h2><p>Several institutional investors and hedge funds have recently made changes to their positions in WNEB. Russell Investments Group Ltd. acquired a new stake in  Western New England Bancorp in the second quarter worth $39,000.  JPMorgan Chase &amp; Co. increased its position in  Western New England Bancorp by 51,300.0% in the second quarter. JPMorgan Chase &amp; Co. now owns 8,738 shares of the financial services provider's stock worth $81,000 after buying an additional 8,721 shares during the period.  MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in  Western New England Bancorp in the second quarter worth $93,000.  Occudo Quantitative Strategies LP acquired a new stake in  Western New England Bancorp in the second quarter worth $100,000.  Finally, New York State Common Retirement Fund acquired a new stake in  Western New England Bancorp in the second quarter worth $102,000. 67.95% of the stock is owned by institutional investors and hedge funds. </p><h2>Western New England Bancorp Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Western New England Bancorp</li><li>Biggest Stock Losers - Today’s Biggest Percentage Decliners</li><li>Qualcomm Just Hit A 52 Week High—Time to Buckle Up</li><li>Retail Stocks Investing, Explained</li><li>1 Trial, 2 Franchises: Zenas Stock Climbs on Landmark Data</li><li>3 Grocery Stocks That Can Help Take a Bite Out of Inflation </li><li>Will D-Wave's Federal Government Boost Last?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V05FQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V05FQg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Western New England Bancorp Right Now?</h2><p>Before you consider Western New England Bancorp, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Western New England Bancorp wasn't on the list.</p><p>While Western New England Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

WNEB

<p>Western New England Bancorp (NASDAQ:WNEB) reported quarterly earnings of $0.16 EPS, missing estimates by $0.03. The company had a return on equity of 5.07% and a net margin of 9.51%. Shares traded down 0.7% to $11.32. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average target price of $11.00. Recent insider transactions showed significant stock sales. Institutional investors hold 67.95% of the stock, indicating strong institutional interest in the company.</p>

Western New England Bancorp (NASDAQ:WNEB) Releases Earnings Results, Misses Estimates By $0.03 EPS