What is Seaport Res Ptn's Forecast for WNEB FY2026 Earnings?

Western New England Bancorp (NASDAQ:WNEB - Free Report) - Equities researchers at Seaport Res Ptn boosted their FY2026 earnings estimates for shares of Western New England Bancorp in a research note issued to investors on Wednesday, July 23rd. Seaport Res Ptn analyst L. Hunsicker now anticipates that the financial services provider will post earnings per share of $0.90 for the year, up from their previous forecast 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. Piper Sandler lifted their target price on Western New England Bancorp from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday. Wall Street Zen upgraded Western New England Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday.

Western New England Bancorp Stock Performance

Shares of NASDAQ WNEB traded down $0.05 during midday trading on Thursday, reaching $11.32. The company's stock had a trading volume of 148,946 shares, compared to its average volume of 205,024. The stock has a market capitalization of $234.44 million, a P/E ratio of 19.19 and a beta of 0.75. Western New England Bancorp has a 12-month low of $7.38 and a 12-month high of $11.68. 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 firm has a 50 day moving average price of $9.54 and a 200-day moving average price of $9.26.

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.09. Western New England Bancorp had a return on equity of 5.08% and a net margin of 9.51%. The firm had revenue of $21.05 million for the quarter, compared to the consensus estimate of $16.35 million.

Institutional Investors Weigh In On Western New England Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WNEB. Raymond James Financial Inc. bought a new stake in Western New England Bancorp in the 4th quarter valued at about $209,000. Arrowstreet Capital Limited Partnership grew 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 valued at $1,717,000 after buying an additional 34,297 shares in the last quarter. Alliancebernstein L.P. purchased a new position in Western New England Bancorp during the 4th quarter valued at about $327,000. Barclays PLC grew its holdings in Western New England Bancorp by 30.9% during the 4th quarter. Barclays PLC now owns 58,165 shares of the financial services provider's stock valued at $534,000 after buying an additional 13,743 shares in the last quarter. Finally, Fourthstone LLC grew its holdings 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 buying an additional 140,981 shares in the last quarter. 67.95% of the stock is currently owned by institutional investors.

Western New England Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, August 6th. Western New England Bancorp's dividend payout ratio is currently 47.46%.

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.