Western New England Bancorp Inc (NASDAQ:WNEB) – FIG Partners issued their Q1 2018 EPS estimates for shares of Western New England Bancorp in a research note issued to investors on Wednesday. FIG Partners analyst D. Bishop forecasts that the financial services provider will earn $0.13 per share for the quarter. FIG Partners also issued estimates for Western New England Bancorp’s Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.16 EPS and FY2018 earnings at $0.58 EPS.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Western New England Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Piper Jaffray Companies restated a “hold” rating and set a $11.50 price objective on shares of Western New England Bancorp in a research report on Tuesday, January 9th. BidaskClub cut shares of Western New England Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, January 26th. Sandler O’Neill started coverage on shares of Western New England Bancorp in a research note on Tuesday, December 5th. They issued a “buy” rating and a $13.00 target price for the company. Finally, Compass Point cut shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Western New England Bancorp has an average rating of “Hold” and a consensus price target of $11.80.

Western New England Bancorp (WNEB) opened at $9.95 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.96. Western New England Bancorp has a 12-month low of $9.30 and a 12-month high of $11.25. The stock has a market capitalization of $307.92, a P/E ratio of 20.20 and a beta of 0.35.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be paid a $0.04 dividend. This is a boost from Western New England Bancorp’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of 1.61%. The ex-dividend date is Tuesday, February 13th. Western New England Bancorp’s payout ratio is presently 29.27%.

A number of hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its stake in Western New England Bancorp by 33.3% in the 4th quarter. Wells Fargo & Company MN now owns 47,451 shares of the financial services provider’s stock worth $517,000 after acquiring an additional 11,848 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Western New England Bancorp by 48.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 57,949 shares of the financial services provider’s stock worth $632,000 after acquiring an additional 18,849 shares during the period. Dalton Greiner Hartman Maher & Co. grew its stake in Western New England Bancorp by 26.9% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 220,081 shares of the financial services provider’s stock worth $2,399,000 after acquiring an additional 46,708 shares during the period. Royce & Associates LP grew its stake in Western New England Bancorp by 31.5% in the 3rd quarter. Royce & Associates LP now owns 354,454 shares of the financial services provider’s stock worth $3,864,000 after acquiring an additional 85,000 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Western New England Bancorp by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,994,548 shares of the financial services provider’s stock worth $21,741,000 after acquiring an additional 57,988 shares during the period. 56.76% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Western New England Bancorp Inc (WNEB) Forecasted to Earn Q1 2018 Earnings of $0.13 Per Share” was posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.watchlistnews.com/western-new-england-bancorp-inc-wneb-forecasted-to-earn-q1-2018-earnings-of-0-13-per-share/1854534.html.

About Western New England Bancorp

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.

Receive News & Ratings for Western New England Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western New England Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.