Western New England Bancorp, Inc: Rmb Capital Management Makes Purchase

February 14, 2018 - By Marry Poplack

 Western New England Bancorp, Inc: Rmb Capital Management Makes Purchase

The New Rmb Capital Management Holding in Western New England Bancorp, Inc

Rmb Capital Management reported SC 13G form with the SEC for Western New England Bancorp, Inc. Access it here: 000117266118000485. As reported by Rmb Capital Management, the filler owns 7.1% or 2,166,464 shares of the Finance–company.

Western New England Bancorp, Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Rmb Capital Management’s positive view for Western New England Bancorp, Inc. For a hedge fund managing $3.98 billion in assets and having 75+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Rmb Capital Management’s portfolio is in the sector.

Western New England Bancorp, Inc Institutional Sentiment

Filings show 47 investors own Western New England Bancorp, Inc. The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 582575. 8340439 were owned by these investors. 2 funds opened new Western New England Bancorp, Inc stakes, 14 increased positions. There were 5 that closed positions and 14 reduced them.

Salzhauer Michael is an investor bullish on Western New England Bancorp, Inc, owning 53333 shares as of Q3 2015 for 0.33% of its portfolio. J. Carlo Cannell Cannell Capital Llc owns 32472 shares or 0.09% of its portfolio. VA Ejf Capital Llc have 0.44% of its portfolio for 1172607 shares. Further, Fsi Group Llc reported stake worth 0.50% of its portfolio. The MD Corbyn Investment Management Inc owns 124831 shares. Western New England Bancorp, Inc is 0.24% of its portfolio.

Business Profile

Westfield Corporation is an Australia-based shopping center company. The Company is engaged in ownership, development, design, construction, asset management, leasing and marketing activities with respect to the United States and the United Kingdom portfolio. The Company’s segments include Property investments, Property and project management, and Corporate. The Property investments segment includes net property income from shopping centers and completed developments, and other operational expenses. The Property and project management segment includes external fee income from third parties, primarily property management and development fees, and associated business expenses. Its shopping center portfolio includes over 30 centers in the United States, the United Kingdom and Europe encompassing approximately 6,480 retail outlets. Its portfolio of shopping centers includes Westfield London, Westfield Stratford City, Old Orchard, Brandon, Broward and Citrus Park, among others.

SEC Form 13G.

Rmb Capital Management website.

The stock decreased 0.00% or $7.9 during the last trading session, reaching $7.9. It is down 0.00% since February 14, 2017 and is . It has underperformed by 16.70% the S&P500.

WESTERN NEW ENGLAND BANCORP INC (NASDAQ:WFD) Ratings Coverage

Among 4 analysts covering Westfield Financial (NASDAQ:WFD), 0 have Buy rating, 2 Sell and 2 Hold. Therefore 0 are positive. Westfield Financial has $9.50 highest and $8 lowest target. $8.75’s average target is 10.76% above currents $7.9 stock price. Westfield Financial had 5 analyst reports since September 22, 2015 according to SRatingsIntel. As per Tuesday, April 5, the company rating was downgraded by Compass Point. The firm has “Buy” rating given on Monday, November 2 by Compass Point. The stock of WESTERN NEW ENGLAND BANCORP INC (NASDAQ:WFD) earned “Underperform” rating by Macquarie Research on Wednesday, August 24. Zacks downgraded the shares of WFD in report on Tuesday, September 22 to “Sell” rating.

More important recent WESTERN NEW ENGLAND BANCORP INC (NASDAQ:WFD) news were published by: Globenewswire.com which released: “Western New England Bancorp, Inc. Reports Results for Three and Twelve Months …” on January 30, 2018, also Globenewswire.com published article titled: “Western New England Bancorp, Inc. Board Elects Tapases as Chairman”, Globenewswire.com published: “Western New England Bancorp, Inc. Reports Results for Three and Nine Months …” on October 24, 2017. More interesting news about WESTERN NEW ENGLAND BANCORP INC (NASDAQ:WFD) was released by: Businesswire.com and their article: “Westfield Financial, Inc. and Chicopee Bancorp, Inc. Complete Merger—Combined …” with publication date: October 21, 2016.

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