Western New England Bancorp (NASDAQ:WNEB - Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01), Zacks reports. Western New England Bancorp had a return on equity of 4.91% and a net margin of 9.51%.
Western New England Bancorp Stock Up 4.8 %
NASDAQ:WNEB traded up $0.41 during trading hours on Tuesday, hitting $8.95. 79,056 shares of the company traded hands, compared to its average volume of 44,806. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm's 50-day simple moving average is $9.01 and its 200-day simple moving average is $9.05. Western New England Bancorp has a one year low of $6.00 and a one year high of $10.08. The company has a market cap of $186.26 million, a PE ratio of 15.98 and a beta of 0.57.
Western New England Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Wednesday, February 12th. Western New England Bancorp's dividend payout ratio (DPR) is presently 50.00%.
Analysts Set New Price Targets
Separately, Seaport Res Ptn raised Western New England Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th.
View Our Latest Research Report on WNEB
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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