Seaport Res Ptn Has Bullish Outlook for WNEB FY2025 Earnings

Key Points

• Seaport Res Ptn has raised its FY2025 earnings per share estimate for Western New England Bancorp to $0.72, reflecting an increase from the previous estimate of $0.64.
• In the latest earnings report, Western New England Bancorp achieved $0.23 EPS for the quarter, surpassing expectations of $0.14, while reporting revenue of $21.05 million.
• The company has declared a quarterly dividend of $0.07 per share, yielding approximately 2.47%, to be paid on August 20th.

Western New England Bancorp (NASDAQ:WNEB - Free Report) - Stock analysts at Seaport Res Ptn raised their FY2025 earnings per share estimates for Western New England Bancorp in a report released on Wednesday, July 23rd. Seaport Res Ptn analyst L. Hunsicker now forecasts that the financial services provider will earn $0.72 per share for the year, up from their previous estimate of $0.64. The consensus estimate for Western New England Bancorp's current full-year earnings is $0.60 per share.

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

Other equities analysts also recently issued reports about the company. Piper Sandler boosted their price objective on Western New England Bancorp from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday. Wall Street Zen upgraded Western New England Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday.

Western New England Bancorp Stock Performance

Shares of NASDAQ:WNEB traded down $0.05 during trading on Friday, hitting $11.32. 148,946 shares of the company traded hands, compared to its average volume of 205,024. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.50. The business's fifty day moving average is $9.54 and its 200-day moving average is $9.26. The stock has a market capitalization of $234.44 million, a price-to-earnings ratio of 19.19 and a beta of 0.75. Western New England Bancorp has a one year low of $7.38 and a one year high of $11.68.

Hedge Funds Weigh In On Western New England Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. boosted its stake in Western New England Bancorp by 40.6% during the 2nd quarter. ST Germain D J Co. Inc. now owns 27,648 shares of the financial services provider's stock valued at $255,000 after purchasing an additional 7,977 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Western New England Bancorp during the 2nd quarter valued at $161,000. Goldman Sachs Group Inc. boosted its stake in Western New England Bancorp by 36.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 92,006 shares of the financial services provider's stock valued at $856,000 after purchasing an additional 24,597 shares in the last quarter. Jane Street Group LLC boosted its stake in Western New England Bancorp by 190.1% during the 1st quarter. Jane Street Group LLC now owns 80,657 shares of the financial services provider's stock valued at $750,000 after purchasing an additional 52,858 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Western New England Bancorp by 7.0% during the 1st quarter. Empowered Funds LLC now owns 89,478 shares of the financial services provider's stock valued at $832,000 after acquiring an additional 5,883 shares during the last quarter. 67.95% of the stock is owned by institutional investors.

Western New England Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be paid a dividend of $0.07 per share. 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 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.