Western New England Bancorp (WNEB) Stock Price, News & Analysis

Company Overview

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. It also offers residential real estate loans, including first mortgages, home equity loans, and home equity lines, and secured by one-to-four family residential properties; commercial and industrial loans, such as letters of credit, revolving lines of credit, working capital, equipment financing, and term loans; commercial mortgage loans; construction and land development loans; home equity loans comprising home equity revolving loans and lines of credit; and consumer loans, including automobile, spa and pool, collateral, and personal lines of credit. In addition, the company provides automated teller machine (ATM), telephone and online banking, remote deposit capture, cash management, overdraft and safe deposit facility, and night deposit services. The company was formerly known as Westfield Financial, Inc. and changed its name to Western New England Bancorp, Inc. in October 2016. The company was founded in 1853 and is headquartered in Westfield, Massachusetts.

Key Stats

• Today's Range: $8.86 to $8.97
• 50-Day Range: $8.38 to $8.97
• 52-Week Range: $6.00 to $9.25
• Volume: 32,513 shs
• Average Volume: 30,078 shs
• Market Capitalization: $187.08 million
• P/E Ratio: 17.12
• Dividend Yield: 3.15%
• Price Target: $8.50
• Consensus Rating: Hold

Western New England Bancorp Stock Analysis - MarketRank™

Western New England Bancorp scored higher than 73% of companies evaluated by MarketBeat, and ranked 384th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Western New England Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Western New England Bancorp has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 9.62%

Earnings Growth

Earnings for Western New England Bancorp are expected to grow by 9.62% in the coming year, from $0.52 to $0.57 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Western New England Bancorp is 17.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of Western New England Bancorp is 17.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.32.

Price to Book Value per Share Ratio

Western New England Bancorp has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.28% of the float of Western New England Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Western New England Bancorp has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Western New England Bancorp has recently decreased by 19.60%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Western New England Bancorp pays a meaningful dividend of 3.15%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Western New England Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Western New England Bancorp is 53.85%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Western New England Bancorp will have a dividend payout ratio of 49.12% next year. This indicates that Western New England Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.28% of the float of Western New England Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Western New England Bancorp has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Western New England Bancorp has recently decreased by 19.60%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 1.57

News Sentiment

Western New England Bancorp has a news sentiment score of 1.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Western New England Bancorp this week, compared to 1 article on an average week.

Search Interest

1 people have searched for WNEB on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Western New England Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.80% of the stock of Western New England Bancorp is held by insiders.

Percentage Held by Institutions

67.95% of the stock of Western New England Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WNEB Stock Analysis - Frequently Asked Questions

How have WNEB shares performed this year?

Western New England Bancorp's stock was trading at $9.00 on January 1st, 2024. Since then, WNEB shares have decreased by 1.1% and is now trading at $8.90.
View the best growth stocks for 2024 here.

How were Western New England Bancorp's earnings last quarter?

Western New England Bancorp, Inc. (NASDAQ:WNEB) posted its quarterly earnings data on Wednesday, October, 23rd. The financial services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by $0.01. The financial services provider earned $30.98 million during the quarter, compared to the consensus estimate of $17.39 million. Western New England Bancorp had a trailing twelve-month return on equity of 4.58% and a net margin of 9.05%.

Who are Western New England Bancorp's major shareholders?

Top institutional investors of Western New England Bancorp include Royce & Associates LP (4.28%), Fourthstone LLC (3.66%), Geode Capital Management LLC (1.00%) and Connor Clark & Lunn Investment Management Ltd. (0.39%). Insiders that own company stock include James C Hagan, Steven G Richter, Laura Benoit, Filipe B Goncalves, Allen J Miles III, Guida R Sajdak, Darlene M Libiszewski, Louis O Gorman III, John E Bonini, Philip R Smith and Kevin C O'connor.
View institutional ownership trends.

How do I buy shares of Western New England Bancorp?

Shares of WNEB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Western New England Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Western New England Bancorp investors own include EnLink Midstream (ENLC), Lincoln National (LNC), JPMorgan Chase & Co. (JPM), Pfizer (PFE), WestRock (WRK), QUALCOMM (QCOM) and Walgreens Boots Alliance (WBA).

Company Calendar

• Ex-Dividend for 8/21 Dividend: 8/07/2024
• Dividend Payable: 8/21/2024
• Last Earnings: 10/23/2024
• Ex-Dividend for 11/21 Dividend: 11/07/2024
• Today: 11/17/2024
• Dividend Payable: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/28/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Federal savings institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:WNEB
• Previous Symbol: NASDAQ:WFD
• CUSIP: N/A
• CIK: 1157647
• Web: www.westfieldbank.com
• Phone: (413) 568-1911
• Fax: 413-562-7939
• Employees: 360
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $8.50
• High Stock Price Target: $8.50
• Low Stock Price Target: $8.50
• Potential Upside/Downside: -4.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.52
• Trailing P/E Ratio: 17.12
• Forward P/E Ratio: 17.12
• P/E Growth: N/A
• Net Income: $15.07 million
• Net Margins: 9.05%
• Pretax Margin: 11.81%
• Return on Equity: 4.58%
• Return on Assets: 0.42%

Debt

• Debt-to-Equity Ratio: 0.62
• Current Ratio: 0.95
• Quick Ratio: 0.95

Sales & Book Value

• Annual Sales: $112.01 million
• Price / Sales: 1.67
• Cash Flow: $0.92 per share
• Price / Cash Flow: 9.65
• Book Value: $11.45 per share
• Price / Book: 0.78

Miscellaneous

• Outstanding Shares: 21,020,000
• Free Float: 19,799,000
• Market Cap: $187.08 million
• Optionable: Optionable
• Beta: 0.68