Brokerages expect Western New England Bancorp, Inc. (NASDAQ:WNEB – Get Rating) to post sales of $21.10 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Western New England Bancorp’s earnings. Western New England Bancorp posted sales of $21.03 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.3%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Western New England Bancorp will report full-year sales of $85.65 million for the current financial year, with estimates ranging from $84.00 million to $87.30 million. For the next financial year, analysts expect that the company will report sales of $90.90 million, with estimates ranging from $87.80 million to $94.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Western New England Bancorp.
Western New England Bancorp (NASDAQ:WNEB – Get Rating) last posted its quarterly earnings results on Tuesday, January 25th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.05. Western New England Bancorp had a return on equity of 10.67% and a net margin of 25.65%. The business had revenue of $22.44 million for the quarter, compared to analyst estimates of $21.35 million.
Shares of NASDAQ:WNEB traded down $0.03 during midday trading on Monday, hitting $8.67. The company had a trading volume of 25,739 shares, compared to its average volume of 32,253. Western New England Bancorp has a 12 month low of $7.52 and a 12 month high of $9.98. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.10. The stock has a market cap of $197.69 million, a price-to-earnings ratio of 8.42 and a beta of 0.36. The firm has a fifty day simple moving average of $9.01 and a 200 day simple moving average of $9.03.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 23rd. Shareholders of record on Wednesday, February 9th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, February 8th. This is a positive change from Western New England Bancorp’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 2.77%. Western New England Bancorp’s payout ratio is currently 23.30%.
In other news, CFO Guida R. Sajdak sold 13,068 shares of the business’s stock in a transaction dated Wednesday, February 9th. The stock was sold at an average price of $9.20, for a total value of $120,225.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Guida R. Sajdak sold 5,420 shares of the business’s stock in a transaction dated Monday, February 7th. The shares were sold at an average price of $9.20, for a total value of $49,864.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,769 shares of company stock worth $209,475. Corporate insiders own 4.75% of the company’s stock.
Institutional investors have recently modified their holdings of the company. UBS Group AG lifted its holdings in shares of Western New England Bancorp by 13.6% in the third quarter. UBS Group AG now owns 9,156 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 1,099 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Western New England Bancorp in the fourth quarter valued at about $93,000. WINTON GROUP Ltd bought a new stake in shares of Western New England Bancorp in the third quarter valued at about $97,000. Assenagon Asset Management S.A. bought a new stake in shares of Western New England Bancorp in the fourth quarter valued at about $138,000. Finally, Trexquant Investment LP increased its position in shares of Western New England Bancorp by 42.9% in the third quarter. Trexquant Investment LP now owns 19,483 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 5,853 shares during the last quarter. Institutional investors own 52.92% of the company’s stock.
Western New England Bancorp Company Profile (Get Rating)
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 checking, business and municipal savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyers trust accounts.
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