Equities analysts expect Western New England Bancorp Inc (NASDAQ:WNEB) to report sales of $17.19 million for the current quarter, according to Zacks. Two analysts have made estimates for Western New England Bancorp’s earnings, with the highest sales estimate coming in at $17.37 million and the lowest estimate coming in at $17.00 million. Western New England Bancorp reported sales of $17.35 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.9%. The firm is expected to issue its next earnings report on Tuesday, January 29th.

According to Zacks, analysts expect that Western New England Bancorp will report full year sales of $69.24 million for the current fiscal year, with estimates ranging from $69.20 million to $69.28 million. For the next year, analysts expect that the firm will post sales of $70.89 million, with estimates ranging from $70.10 million to $71.67 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Western New England Bancorp.

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

WNEB has been the topic of several research analyst reports. Zacks Investment Research downgraded Western New England Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. BidaskClub upgraded Western New England Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Western New England Bancorp has a consensus rating of “Hold” and a consensus target price of $11.88.

In other news, Director Philip R. Smith acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The shares were acquired at an average price of $10.29 per share, for a total transaction of $41,160.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.35% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in Western New England Bancorp during the 3rd quarter valued at $114,000. JPMorgan Chase & Co. raised its holdings in Western New England Bancorp by 119.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,990 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 6,520 shares during the period. MetLife Investment Advisors LLC raised its holdings in Western New England Bancorp by 55.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 20,891 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 7,494 shares during the period. California Public Employees Retirement System raised its holdings in Western New England Bancorp by 7.5% during the 2nd quarter. California Public Employees Retirement System now owns 78,716 shares of the financial services provider’s stock valued at $866,000 after acquiring an additional 5,510 shares during the period. Finally, Royce & Associates LP raised its holdings in Western New England Bancorp by 17.0% during the 2nd quarter. Royce & Associates LP now owns 491,754 shares of the financial services provider’s stock valued at $5,409,000 after acquiring an additional 71,300 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Western New England Bancorp stock traded up $0.08 during trading on Monday, hitting $9.71. The stock had a trading volume of 34,500 shares, compared to its average volume of 41,167. Western New England Bancorp has a 1 year low of $9.55 and a 1 year high of $11.25. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.93. The company has a market cap of $282.31 million, a price-to-earnings ratio of 19.26 and a beta of 0.34.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th were paid a $0.04 dividend. The ex-dividend date was Tuesday, November 6th. This represents a $0.16 annualized dividend and a yield of 1.65%. Western New England Bancorp’s payout ratio is 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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