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NASDAQ:WNEB

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

Western New England Bancorp logo
$8.71
0.00 (0.00%)
(As of 10/31/2024 ET)

About Western New England Bancorp Stock (NASDAQ:WNEB)

Key Stats

Today's Range
$8.67
$8.73
50-Day Range
$8.38
$8.93
52-Week Range
$6.00
$9.25
Volume
15,917 shs
Average Volume
38,683 shs
Market Capitalization
$188.38 million
P/E Ratio
16.75
Dividend Yield
3.21%
Price Target
$8.50
Consensus Rating
Hold

Company Overview

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.

Western New England Bancorp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
67th Percentile Overall Score

WNEB MarketRank™: 

Western New England Bancorp scored higher than 67% of companies evaluated by MarketBeat, and ranked 466th out of 942 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Western New England Bancorp are expected to grow by 13.73% in the coming year, from $0.51 to $0.58 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Western New England Bancorp is 16.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.70.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Western New England Bancorp is 16.75, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.75.

  • Price to Book Value per Share Ratio

    Western New England Bancorp has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Western New England Bancorp's valuation and earnings.
  • Percentage of Shares Shorted

    0.35% of the float of Western New England Bancorp has been sold short.
  • Short Interest Ratio / Days to Cover

    Western New England Bancorp has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Western New England Bancorp has recently decreased by 9.56%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Western New England Bancorp pays a meaningful dividend of 3.23%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Western New England Bancorp does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Western New England Bancorp is 46.67%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Western New England Bancorp will have a dividend payout ratio of 48.28% next year. This indicates that Western New England Bancorp will be able to sustain or increase its dividend.

  • Read more about Western New England Bancorp's dividend.
  • Percentage of Shares Shorted

    0.35% of the float of Western New England Bancorp has been sold short.
  • Short Interest Ratio / Days to Cover

    Western New England Bancorp has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Western New England Bancorp has recently decreased by 9.56%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Western New England Bancorp has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for Western New England Bancorp this week, compared to 1 article on an average week.
  • Search Interest

    1 people have searched for WNEB on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Western New England Bancorp insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 5.80% of the stock of Western New England Bancorp is held by insiders.

  • Percentage Held by Institutions

    67.95% of the stock of Western New England Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Western New England Bancorp's insider trading history.
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WNEB Stock News Headlines

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WNEB Stock Analysis - Frequently Asked Questions

Western New England Bancorp's stock was trading at $9.00 on January 1st, 2024. Since then, WNEB shares have decreased by 3.2% and is now trading at $8.71.
View the best growth stocks for 2024 here
.

Western New England Bancorp, Inc. (NASDAQ:WNEB) announced its quarterly earnings data on Wednesday, October, 23rd. The financial services provider reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by $0.01. The financial services provider earned $30.98 million during the quarter, compared to analyst estimates of $17.39 million. Western New England Bancorp had a trailing twelve-month return on equity of 4.60% and a net margin of 9.05%.

Top institutional shareholders of Western New England Bancorp include Assenagon Asset Management S.A. (0.23%) and ST Germain D J Co. Inc. (0.14%). Insiders that own company stock include James C Hagan, Steven G Richter, Laura Benoit, Filipe B Goncalves, Allen J Miles III, Guida R Sajdak, Darlene M Libiszewski, Louis O Gorman III, John E Bonini, Philip R Smith, Kevin C O'connor and William J Wagner.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Western New England Bancorp investors own include EnLink Midstream (ENLC), Lincoln National (LNC), JPMorgan Chase & Co. (JPM), Pfizer (PFE), WestRock (WRK), QUALCOMM (QCOM) and Walgreens Boots Alliance (WBA).

Company Calendar

Ex-Dividend for 8/21 Dividend
8/07/2024
Dividend Payable
8/21/2024
Last Earnings
10/23/2024
Today
10/31/2024
Ex-Dividend for 11/21 Dividend
11/07/2024
Dividend Payable
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/28/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Federal savings institutions
Sub-Industry
Banking
Current Symbol
NASDAQ:WNEB
Previous Symbol
NASDAQ:WFD
Employees
360
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.50
High Stock Price Target
$8.50
Low Stock Price Target
$8.50
Potential Upside/Downside
-2.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$15.07 million
Pretax Margin
14.48%

Debt

Sales & Book Value

Annual Sales
$75.04 million
Cash Flow
$0.92 per share
Book Value
$10.93 per share

Miscellaneous

Free Float
20,082,000
Market Cap
$187.73 million
Optionable
Optionable
Beta
0.69
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This page (NASDAQ:WNEB) was last updated on 10/31/2024 by MarketBeat.com Staff
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