Brokerages predict that Western New England Bancorp Inc (NASDAQ:WNEB) will post $0.14 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Western New England Bancorp’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.13. Western New England Bancorp posted earnings of $0.12 per share during the same quarter last year, which would indicate a positive year over year growth rate of 16.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, January 29th.

On average, analysts expect that Western New England Bancorp will report full-year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.57. For the next year, analysts forecast that the company will post earnings of $0.58 per share, with EPS estimates ranging from $0.56 to $0.59. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Western New England Bancorp.

Western New England Bancorp (NASDAQ:WNEB) last announced its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $16.90 million for the quarter, compared to analyst estimates of $17.49 million. Western New England Bancorp had a return on equity of 6.60% and a net margin of 14.03%.

Several brokerages have recently commented on WNEB. BidaskClub lowered Western New England Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered Western New England Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $11.88.

In other news, Director Philip R. Smith purchased 4,000 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were purchased at an average price of $10.29 per share, for a total transaction of $41,160.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.35% of the company’s stock.

A number of hedge funds have recently modified their holdings of WNEB. Citadel Advisors LLC bought a new stake in Western New England Bancorp during the third quarter valued at about $114,000. JPMorgan Chase & Co. boosted its position in Western New England Bancorp by 119.2% during the third quarter. JPMorgan Chase & Co. now owns 11,990 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 6,520 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in Western New England Bancorp by 55.9% during the third quarter. MetLife Investment Advisors LLC now owns 20,891 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 7,494 shares in the last quarter. California Public Employees Retirement System boosted its position in Western New England Bancorp by 7.5% during the second quarter. California Public Employees Retirement System now owns 78,716 shares of the financial services provider’s stock valued at $866,000 after purchasing an additional 5,510 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Western New England Bancorp by 1.7% during the third quarter. Royce & Associates LP now owns 500,154 shares of the financial services provider’s stock valued at $5,402,000 after purchasing an additional 8,400 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.

Shares of Western New England Bancorp stock traded up $0.06 during trading on Friday, hitting $9.77. 57,733 shares of the stock traded hands, compared to its average volume of 62,685. The firm has a market cap of $284.66 million, a P/E ratio of 19.54 and a beta of 0.34. 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 has a 52-week low of $9.55 and a 52-week high of $11.25.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.16 annualized dividend and a dividend yield of 1.64%. Western New England Bancorp’s dividend payout ratio is currently 32.00%.

About Western New England Bancorp

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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Earnings History and Estimates for Western New England Bancorp (NASDAQ:WNEB)

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