Western New England Bancorp Inc (WNEB) Increases Dividend to $0.04 Per Share
Western New England Bancorp Inc (NASDAQ:WNEB) announced a quarterly dividend on Wednesday, January 31st, Wall Street Journal reports. Stockholders of record on Wednesday, February 14th will be given a dividend of 0.04 per share by the financial services provider on Wednesday, February 28th. This represents a $0.16 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, February 13th. This is a boost from Western New England Bancorp’s previous quarterly dividend of $0.03.
Shares of Western New England Bancorp (NASDAQ WNEB) opened at $9.95 on Monday. The company has a market cap of $303.35, a price-to-earnings ratio of 24.27 and a beta of 0.35. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.42. Western New England Bancorp has a twelve month low of $9.30 and a twelve month high of $11.25.
A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Western New England Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Sunday, January 21st. Piper Jaffray Companies downgraded shares of Western New England Bancorp from an “overweight” rating to a “neutral” rating and set a $10.50 price target on the stock. in a report on Friday, November 3rd. BidaskClub downgraded shares of Western New England Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. Sandler O’Neill assumed coverage on shares of Western New England Bancorp in a report on Tuesday, December 5th. They set a “buy” rating and a $13.00 price target on the stock. Finally, Compass Point downgraded shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.80.
Western New England Bancorp Company Profile
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.
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