TIAA CREF Investment Management LLC Has $786,000 Position in Western New England Bancorp (WNEB)

TIAA CREF Investment Management LLC increased its position in shares of Western New England Bancorp (NASDAQ:WNEB) by 40.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,445 shares of the financial services provider’s stock after purchasing an additional 22,388 shares during the period. TIAA CREF Investment Management LLC owned 0.26% of Western New England Bancorp worth $786,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Teachers Advisors LLC grew its stake in shares of Western New England Bancorp by 38.6% during the second quarter. Teachers Advisors LLC now owns 48,650 shares of the financial services provider’s stock worth $494,000 after purchasing an additional 13,551 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of Western New England Bancorp during the second quarter worth $191,000. Wells Fargo & Company MN grew its stake in shares of Western New England Bancorp by 2.0% during the second quarter. Wells Fargo & Company MN now owns 25,046 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 491 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Western New England Bancorp by 161.7% during the second quarter. Federated Investors Inc. PA now owns 122,537 shares of the financial services provider’s stock worth $1,244,000 after purchasing an additional 75,718 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in shares of Western New England Bancorp by 129.4% during 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 in the last quarter. Hedge funds and other institutional investors own 56.55% of the company’s stock.

A number of brokerages recently commented on WNEB. Zacks Investment Research downgraded shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a research note on Friday. Piper Jaffray Companies cut 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 report on Friday, November 3rd. Compass Point cut shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 price target on shares of Western New England Bancorp in a research report on Tuesday, October 3rd. Finally, ValuEngine cut shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Five research analysts have rated the stock with a hold rating, Western New England Bancorp has a consensus rating of “Hold” and a consensus price target of $11.25.

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Shares of Western New England Bancorp (WNEB) opened at $10.20 on Tuesday. Western New England Bancorp has a 1 year low of $8.10 and a 1 year high of $11.10. The firm has a market cap of $309.40, a price-to-earnings ratio of 20.20 and a beta of 0.39. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Sunday, October 8th will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.18%. Western New England Bancorp’s dividend payout ratio (DPR) is presently 24.49%.

Western New England Bancorp 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.

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

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