Shares of Western New England Bancorp (NASDAQ:WNEB – Get Free Report) have received a consensus rating of “Hold” from the four analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.50.
Several research analysts have weighed in on WNEB shares. Seaport Research Partners lowered shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, July 29th. Piper Sandler upped their target price on shares of Western New England Bancorp from $15.00 to $15.50 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Western New England Bancorp in a research note on Friday, August 7th.
Read Our Latest Research Report on Western New England Bancorp
Insider Activity at Western New England Bancorp
Hedge Funds Weigh In On Western New England Bancorp
Several large investors have recently added to or reduced their stakes in WNEB. Empowered Funds LLC acquired a new stake in shares of Western New England Bancorp during the second quarter worth $1,636,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Western New England Bancorp during the 2nd quarter valued at about $1,516,000. BlackRock Inc. bought a new stake in shares of Western New England Bancorp during the 2nd quarter valued at about $26,266,000. Bank of New York Mellon Corp acquired a new stake in Western New England Bancorp during the second quarter worth about $968,000. Finally, Bank of America Corp DE acquired a new stake in Western New England Bancorp during the second quarter worth about $829,000. 67.95% of the stock is currently owned by institutional investors.
Western New England Bancorp Stock Performance
Western New England Bancorp stock opened at $13.82 on Friday. Western New England Bancorp has a 52 week low of $10.78 and a 52 week high of $15.01. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The stock has a market cap of $277.09 million, a P/E ratio of 16.45 and a beta of 0.78. The stock has a 50 day moving average of $13.76 and a 200-day moving average of $13.73.
Western New England Bancorp (NASDAQ:WNEB – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The company had revenue of $27.11 million during the quarter, compared to the consensus estimate of $22.74 million. Western New England Bancorp had a return on equity of 6.78% and a net margin of 12.43%. On average, analysts expect that Western New England Bancorp will post 0.94 EPS for the current fiscal year.
Western New England Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 12th. Western New England Bancorp’s dividend payout ratio (DPR) is currently 33.33%.
About Western New England Bancorp
Western New England Bancorp, Inc is the holding company for Westfield Bank, a community bank headquartered in Westfield, Massachusetts. Through its banking subsidiary, the company provides financial services to individuals, families and businesses in western Massachusetts and northern Connecticut.
Westfield Bank offers deposit products, including checking, savings, money market and time deposit accounts, as well as residential mortgage, commercial real estate, commercial business and consumer loans.
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