Seaport Res Ptn Issues Negative Estimate for WNEB Earnings

Western New England Bancorp, Inc. (NASDAQ:WNEB) – Seaport Res Ptn cut their Q2 2025 EPS estimates for shares of Western New England Bancorp in a research report issued on Tuesday, April 29th. Seaport Res Ptn analyst L. Hunsicker now forecasts that the financial services provider will post earnings per share of $0.15 for the quarter, down from their previous estimate of $0.16. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Western New England Bancorp’s current full-year earnings is $0.60 per share. Seaport Res Ptn also issued estimates for Western New England Bancorp’s FY2025 earnings at $0.64 EPS.

Western New England Bancorp Price Performance

WNEB opened at $9.57 on Friday. The business has a fifty day moving average of $8.96 and a 200 day moving average of $9.08. The stock has a market cap of $199.16 million, a P/E ratio of 17.09 and a beta of 0.57. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.62. Western New England Bancorp has a 52-week low of $6.09 and a 52-week high of $10.08.

Western New England Bancorp (NASDAQ:WNEB) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). Western New England Bancorp had a net margin of 9.51% and a return on equity of 4.91%. The business had revenue of $28.44 million for the quarter, compared to analysts’ expectations of $15.58 million.

Western New England Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, May 7th. Western New England Bancorp’s payout ratio is presently 52.83%.

Institutional Investors Weigh In On Western New England Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in Western New England Bancorp by 23.8% in the 3rd quarter. Barclays PLC now owns 44,422 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 8,532 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Western New England Bancorp by 5.1% in the fourth quarter. Empowered Funds LLC now owns 83,595 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 4,050 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Western New England Bancorp in the fourth quarter worth approximately $120,000. Arrowstreet Capital Limited Partnership increased its holdings in Western New England Bancorp by 22.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 186,592 shares of the financial services provider’s stock worth $1,717,000 after purchasing an additional 34,297 shares during the period. Finally, Fourthstone LLC raised its position in Western New England Bancorp by 18.3% during the 4th quarter. Fourthstone LLC now owns 910,788 shares of the financial services provider’s stock valued at $8,379,000 after purchasing an additional 140,981 shares in the last quarter. Institutional investors own 67.95% of the company’s stock.

Western New England Bancorp Company Profile

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.