Wall Street analysts forecast that Western New England Bancorp, Inc. (NASDAQ:WNEB – Get Rating) will announce earnings per share of $0.24 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Western New England Bancorp’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.23. Western New England Bancorp also posted earnings per share of $0.24 during the same quarter last year. The business is expected to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Western New England Bancorp will report full year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.95 to $0.99. For the next fiscal year, analysts expect that the company will report earnings of $1.03 per share, with EPS estimates ranging from $1.00 to $1.05. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Western New England Bancorp.
Western New England Bancorp (NASDAQ:WNEB – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Western New England Bancorp had a return on equity of 10.47% and a net margin of 25.34%.
In other news, CFO Guida R. Sajdak sold 13,068 shares of the company’s stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $9.20, for a total value of $120,225.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Guida R. Sajdak sold 4,281 shares of the company’s stock in a transaction on Thursday, February 3rd. The stock was sold at an average price of $9.20, for a total value of $39,385.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,769 shares of company stock valued at $209,475. Company insiders own 4.75% of the company’s stock.
Large investors have recently bought and sold shares of the company. UBS Group AG boosted its holdings in Western New England Bancorp by 13.6% in the 3rd quarter. UBS Group AG now owns 9,156 shares of the financial services provider’s stock worth $78,000 after buying an additional 1,099 shares during the period. Marshall Wace LLP bought a new position in Western New England Bancorp in the 4th quarter worth $93,000. Assenagon Asset Management S.A. bought a new position in Western New England Bancorp in the 4th quarter worth $138,000. Trexquant Investment LP boosted its holdings in Western New England Bancorp by 42.9% in the 3rd quarter. Trexquant Investment LP now owns 19,483 shares of the financial services provider’s stock worth $166,000 after buying an additional 5,853 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Western New England Bancorp by 16.7% during the 2nd quarter. Royal Bank of Canada now owns 22,181 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 3,175 shares during the last quarter. Hedge funds and other institutional investors own 52.92% of the company’s stock.
WNEB stock opened at $8.59 on Friday. The stock has a market capitalization of $195.85 million, a PE ratio of 8.34 and a beta of 0.36. Western New England Bancorp has a 12-month low of $7.72 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’s 50 day simple moving average is $8.91 and its 200 day simple moving average is $9.02.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, May 10th. This represents a $0.24 dividend on an annualized basis and a yield of 2.79%. Western New England Bancorp’s dividend payout ratio is presently 23.30%.
About Western New England Bancorp (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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