Western New England Bancorp (NASDAQ:WNEB - Get Free Report) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01), Yahoo Finance reports. The business had revenue of $30.98 million for the quarter, compared to analyst estimates of $17.39 million. Western New England Bancorp had a return on equity of 5.73% and a net margin of 11.33%.
Western New England Bancorp Stock Down 0.3 %
WNEB stock traded down $0.03 during trading hours on Friday, reaching $8.68. 47,431 shares of the stock were exchanged, compared to its average volume of 38,834. The firm's 50-day moving average is $8.68 and its 200-day moving average is $7.55. The company has a market cap of $187.73 million, a price-to-earnings ratio of 14.47 and a beta of 0.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.95 and a quick ratio of 0.95. Western New England Bancorp has a 12 month low of $6.00 and a 12 month high of $9.25.
Western New England Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, November 7th. Western New England Bancorp's dividend payout ratio (DPR) is presently 46.67%.
Analyst Upgrades and Downgrades
WNEB has been the topic of several research analyst reports. Janney Montgomery Scott downgraded Western New England Bancorp from a "buy" rating to a "neutral" rating in a research note on Thursday, July 25th. Seaport Res Ptn downgraded Western New England Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 24th. Finally, Piper Sandler raised their price objective on Western New England Bancorp from $7.00 to $8.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $8.00.
Check Out Our Latest Analysis on Western New England Bancorp
Western New England Bancorp Company Profile
(
Get Free Report)
Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including interest-bearing and noninterest-bearing checking, commercial checking, business, nonprofit and municipal checking, savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyer's trust accounts.
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