Western New England Bancorp, Inc. (NASDAQ:WNEB - Free Report) - Equities researchers at Seaport Res Ptn dropped their Q3 2024 earnings per share estimates for shares of Western New England Bancorp in a research report issued to clients and investors on Thursday, April 25th. Seaport Res Ptn analyst L. Hunsicker now anticipates that the financial services provider will post earnings per share of $0.11 for the quarter, down from their previous estimate of $0.14. The consensus estimate for Western New England Bancorp's current full-year earnings is $0.49 per share. Seaport Res Ptn also issued estimates for Western New England Bancorp's Q4 2024 earnings at $0.12 EPS, FY2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.18 EPS and FY2025 earnings at $0.67 EPS.
Separately, Piper Sandler reaffirmed a "neutral" rating and set a $7.50 price objective (down from $9.00) on shares of Western New England Bancorp in a research note on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Western New England Bancorp presently has a consensus rating of "Hold" and a consensus price target of $7.50.
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Western New England Bancorp Trading Down 2.6 %
WNEB stock traded down $0.17 during midday trading on Monday, reaching $6.28. The company's stock had a trading volume of 57,769 shares, compared to its average volume of 41,341. The business's 50-day simple moving average is $7.50 and its 200-day simple moving average is $7.88. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.59. Western New England Bancorp has a 52 week low of $5.58 and a 52 week high of $9.25. The stock has a market cap of $136.31 million, a PE ratio of 10.75 and a beta of 0.61.
Institutional Trading of Western New England Bancorp
Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in shares of Western New England Bancorp by 808.9% in the fourth quarter. International Assets Investment Management LLC now owns 5,017 shares of the financial services provider's stock worth $45,000 after acquiring an additional 4,465 shares in the last quarter. Essex Financial Services Inc. increased its stake in Western New England Bancorp by 14.2% during the 3rd quarter. Essex Financial Services Inc. now owns 15,513 shares of the financial services provider's stock worth $101,000 after purchasing an additional 1,929 shares in the last quarter. Raymond James & Associates increased its stake in Western New England Bancorp by 10.3% during the 3rd quarter. Raymond James & Associates now owns 22,280 shares of the financial services provider's stock worth $145,000 after purchasing an additional 2,081 shares in the last quarter. ST Germain D J Co. Inc. raised its holdings in Western New England Bancorp by 19.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 22,124 shares of the financial services provider's stock worth $170,000 after buying an additional 3,585 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Western New England Bancorp by 6.8% in the third quarter. Hsbc Holdings PLC now owns 28,836 shares of the financial services provider's stock valued at $187,000 after buying an additional 1,838 shares in the last quarter. Institutional investors and hedge funds own 67.95% of the company's stock.
Western New England Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.28 annualized dividend and a yield of 4.46%. Western New England Bancorp's dividend payout ratio (DPR) is presently 46.67%.
Western New England Bancorp Company Profile
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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.
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