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WNEB beat earnings expectations but saw stock drop as an insider sold shares.
Western New England Bancorp (WNEB) reported a third-quarter earnings per share (EPS) of $0.16, exceeding analysts' expectations of $0.12.
Despite the positive earnings, WNEB's stock price fell by $0.03 to $8.88 on the release day.
The company's return on equity was 4.58%, and the net margin was 9.05%.
Westfield Bank, a subsidiary of WNEB, provides banking services.
An insider, SVP Darlene M. Libiszewski, sold 5,000 shares recently.
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WNEB venció las expectativas de ganancias, pero vio la caída de acciones como un informante vendido acciones.