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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:WNEB

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

$7.67
+0.09 (+1.19%)
(As of 03/28/2024 ET)
Today's Range
$7.58
$7.82
50-Day Range
$7.37
$8.89
52-Week Range
$5.58
$9.25
Volume
27,163 shs
Average Volume
38,171 shs
Market Capitalization
$165.52 million
P/E Ratio
10.96
Dividend Yield
3.65%
Price Target
$7.50

Western New England Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
2.2% Downside
$7.50 Price Target
Short Interest
Healthy
0.33% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.93mentions of Western New England Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
28.57%
From $0.56 to $0.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.50 out of 5 stars

Finance Sector

408th out of 849 stocks

Federal Savings Institutions Industry

17th out of 35 stocks

WNEB stock logo

About Western New England Bancorp Stock (NASDAQ:WNEB)

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.

WNEB Stock Price History

WNEB Stock News Headlines

Western New England Bancorp Inc
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Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.
Western New England declares $0.07 dividend
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
NBT Bank CEO to Step Down, CFO to Take Over
Western New England Bancorp (NASDAQ: WNEB)
See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Ex-Dividend for 2/21 Dividend
2/06/2024
Dividend Payable
2/21/2024
Today
3/28/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Federal savings institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:WNEB
Previous Symbol
NASDAQ:WFD
Employees
294
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.50
High Stock Price Target
$7.50
Low Stock Price Target
$7.50
Potential Upside/Downside
-2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$15.07 million
Pretax Margin
17.48%

Debt

Sales & Book Value

Annual Sales
$112.01 million
Cash Flow
$0.94 per share
Book Value
$10.93 per share

Miscellaneous

Free Float
20,468,000
Market Cap
$165.52 million
Optionable
Optionable
Beta
0.61
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WNEB Stock Analysis - Frequently Asked Questions

Should I buy or sell Western New England Bancorp stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western New England Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" WNEB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WNEB, but not buy additional shares or sell existing shares.
View WNEB analyst ratings
or view top-rated stocks.

What is Western New England Bancorp's stock price target for 2024?

3 Wall Street research analysts have issued 12 month target prices for Western New England Bancorp's shares. Their WNEB share price targets range from $7.50 to $7.50. On average, they anticipate the company's share price to reach $7.50 in the next year. This suggests that the stock has a possible downside of 2.2%.
View analysts price targets for WNEB
or view top-rated stocks among Wall Street analysts.

How have WNEB shares performed in 2024?

Western New England Bancorp's stock was trading at $9.00 at the beginning of the year. Since then, WNEB stock has decreased by 14.8% and is now trading at $7.67.
View the best growth stocks for 2024 here
.

When is Western New England Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our WNEB earnings forecast
.

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

Western New England Bancorp, Inc. (NASDAQ:WNEB) posted its earnings results on Tuesday, January, 23rd. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by $0.02. The financial services provider earned $18.89 million during the quarter, compared to analyst estimates of $18.67 million. Western New England Bancorp had a net margin of 13.45% and a trailing twelve-month return on equity of 6.44%.

How often does Western New England Bancorp pay dividends? What is the dividend yield for Western New England Bancorp?

Western New England Bancorp announced a quarterly dividend on Tuesday, January 23rd. Investors of record on Wednesday, February 7th will be paid a dividend of $0.07 per share on Wednesday, February 21st. This represents a $0.28 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, February 6th.
Read our dividend analysis for WNEB
.

Is Western New England Bancorp a good dividend stock?

Western New England Bancorp (NASDAQ:WNEB) pays an annual dividend of $0.28 per share and currently has a dividend yield of 3.72%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WNEB will have a dividend payout ratio of 38.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WNEB.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Western New England Bancorp investors own include EnLink Midstream (ENLC), WestRock (WRK), The Hartford Financial Services Group (HIG), Capital Bancorp (CBNK), Novus Therapeutics (NVUS), General Electric (GE), New York Community Bancorp (NYCB), Pfizer (PFE) and Regions Financial (RF).

Who are Western New England Bancorp's major shareholders?

Western New England Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.50%), Vanguard Group Inc. (4.72%), Vanguard Group Inc. (4.72%), Hennessy Advisors Inc. (1.73%), Hennessy Advisors Inc. (1.74%) and Bridgeway Capital Management LLC (1.02%). Insiders that own company stock include Allen J Miles III, Darlene M Libiszewski, Filipe B Goncalves, Guida R Sajdak, James C Hagan, John E Bonini, Kevin C O'connor, Laura Benoit, Louis O Gorman III, Philip R Smith, Steven G Richter and William J Wagner.
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.

This page (NASDAQ:WNEB) was last updated on 3/29/2024 by MarketBeat.com Staff

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