Western New England Bancorp (NASDAQ:WNEB - Free Report) - Analysts at Seaport Res Ptn boosted their FY2026 EPS estimates for Western New England Bancorp in a note issued to investors on Wednesday, July 23rd. Seaport Res Ptn analyst L. Hunsicker now anticipates that the financial services provider will earn $0.90 per share for the year, up from their prior estimate of $0.88. The consensus estimate for Western New England Bancorp's current full-year earnings is $0.60 per share.
A number of other research firms have also recently commented on WNEB. Wall Street Zen upgraded shares of Western New England Bancorp from a "sell" rating to a "hold" rating in a report on Saturday. Piper Sandler increased their price target on Western New England Bancorp from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd.
View Our Latest Research Report on WNEB
Western New England Bancorp Trading Up 0.3%
WNEB stock traded up $0.03 during trading on Thursday, reaching $11.35. The company had a trading volume of 36,949 shares, compared to its average volume of 85,781. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50 day moving average of $9.54 and a 200 day moving average of $9.27. Western New England Bancorp has a 52 week low of $7.38 and a 52 week high of $11.68. The company has a market cap of $235.05 million, a P/E ratio of 19.23 and a beta of 0.75.
Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.09. Western New England Bancorp had a net margin of 9.51% and a return on equity of 5.08%. The company had revenue of $21.05 million during the quarter, compared to the consensus estimate of $16.35 million.
Institutional Investors Weigh In On Western New England Bancorp
Several hedge funds and other institutional investors have recently made changes to their positions in WNEB. Susquehanna International Group LLP boosted its stake in Western New England Bancorp by 186.2% in the 4th quarter. Susquehanna International Group LLP now owns 284,223 shares of the financial services provider's stock worth $2,615,000 after purchasing an additional 184,907 shares during the period. Fourthstone LLC boosted its stake in shares of 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 worth $8,379,000 after purchasing an additional 140,981 shares during the period. Jane Street Group LLC boosted its position in shares of Western New England Bancorp by 190.1% during the first quarter. Jane Street Group LLC now owns 80,657 shares of the financial services provider's stock valued at $750,000 after buying an additional 52,858 shares during the period. 683 Capital Management LLC bought a new position in Western New England Bancorp in the 4th quarter valued at $366,000. Finally, Alliancebernstein L.P. bought a new position in shares of Western New England Bancorp in the fourth quarter worth about $327,000. Hedge funds and other institutional investors own 67.95% of the company's stock.
Western New England Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, August 6th. Western New England Bancorp's payout ratio is currently 47.46%.
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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