Wall Street analysts forecast that Western New England Bancorp Inc (NASDAQ:WNEB) will post earnings per share of $0.13 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Western New England Bancorp’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.14. Western New England Bancorp reported earnings of $0.14 per share during the same quarter last year, which indicates a negative year over year growth rate of 7.1%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, October 22nd.

On average, analysts expect that Western New England Bancorp will report full-year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.49 to $0.53. For the next fiscal year, analysts anticipate that the company will report earnings of $0.56 per share, with EPS estimates ranging from $0.52 to $0.60. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Western New England Bancorp.

Western New England Bancorp (NASDAQ:WNEB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Western New England Bancorp had a return on equity of 6.16% and a net margin of 16.17%. The business had revenue of $16.72 million during the quarter, compared to the consensus estimate of $16.93 million.

A number of research analysts have recently commented on the stock. BidaskClub raised shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Zacks Investment Research raised shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. ValuEngine raised shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Western New England Bancorp in a research note on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $10.50.

Shares of NASDAQ WNEB traded up $0.08 on Friday, reaching $8.78. 74,800 shares of the company traded hands, compared to its average volume of 26,770. Western New England Bancorp has a fifty-two week low of $8.50 and a fifty-two week high of $11.00. The company has a 50 day moving average of $9.15 and a 200 day moving average of $9.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $232.15 million, a PE ratio of 15.68 and a beta of 0.20.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.28%. The ex-dividend date is Tuesday, August 6th. Western New England Bancorp’s dividend payout ratio is presently 35.71%.

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its stake in shares of Western New England Bancorp by 525.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,407 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 4,542 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Western New England Bancorp by 346.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,660 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 7,494 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Western New England Bancorp in the 1st quarter worth about $112,000. Bank of America Corp DE lifted its stake in Western New England Bancorp by 34.6% in the 4th quarter. Bank of America Corp DE now owns 26,725 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 6,876 shares in the last quarter. Finally, Context BH Capital Management LP purchased a new stake in Western New England Bancorp in the 2nd quarter worth about $250,000. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

Western New England Bancorp Company Profile

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, savings, business and municipal savings, money market and business sweep, and individual retirement accounts; time deposits; term certificates of deposit; and interest on lawyers trust accounts.

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

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