Wall Street brokerages predict that Western New England Bancorp Inc (NASDAQ:WNEB) will post earnings per share of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Western New England Bancorp’s earnings. The highest EPS estimate is $0.15 and the lowest is $0.14. Western New England Bancorp reported earnings of $0.13 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.4%. The firm is scheduled to report its next quarterly earnings results on Tuesday, October 23rd.

On average, analysts expect that Western New England Bancorp will report full year earnings of $0.56 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.57. For the next financial year, analysts forecast that the company will report earnings of $0.62 per share, with EPS estimates ranging from $0.58 to $0.66. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Western New England Bancorp.

Western New England Bancorp (NASDAQ:WNEB) last released its earnings results on Tuesday, April 24th. The financial services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). Western New England Bancorp had a net margin of 14.08% and a return on equity of 6.45%. The firm had revenue of $16.49 million during the quarter, compared to the consensus estimate of $16.98 million.

Several research firms have commented on WNEB. Zacks Investment Research raised shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. BidaskClub lowered shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a report on Monday, May 14th. Sandler O’Neill set a $12.00 target price on shares of Western New England Bancorp and gave the company a “buy” rating in a report on Tuesday, April 24th. Finally, Compass Point raised shares of Western New England Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $12.00 in a report on Thursday, June 28th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Western New England Bancorp presently has an average rating of “Hold” and an average target price of $11.70.

Western New England Bancorp traded down $0.07, hitting $10.80, during mid-day trading on Friday, Marketbeat reports. The stock had a trading volume of 34,648 shares, compared to its average volume of 39,987. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. Western New England Bancorp has a 52 week low of $9.30 and a 52 week high of $11.25. The firm has a market cap of $326.37 million, a P/E ratio of 21.60 and a beta of 0.34.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, August 7th. Western New England Bancorp’s dividend payout ratio (DPR) is presently 32.00%.

Several institutional investors have recently made changes to their positions in WNEB. Schwab Charles Investment Management Inc. grew its holdings in shares of Western New England Bancorp by 48.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 57,949 shares of the financial services provider’s stock valued at $632,000 after purchasing an additional 18,849 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Western New England Bancorp by 33.3% during the 4th quarter. Wells Fargo & Company MN now owns 47,451 shares of the financial services provider’s stock valued at $517,000 after purchasing an additional 11,848 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Western New England Bancorp by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 184,152 shares of the financial services provider’s stock valued at $2,007,000 after purchasing an additional 12,137 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Western New England Bancorp by 1.7% during the 4th quarter. BlackRock Inc. now owns 2,280,537 shares of the financial services provider’s stock valued at $24,857,000 after purchasing an additional 37,255 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Western New England Bancorp by 5.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,463,409 shares of the financial services provider’s stock valued at $15,951,000 after purchasing an additional 77,374 shares during the last quarter. 54.77% of the stock is currently owned by institutional investors.

Western New England Bancorp Company Profile

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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