Seaport Res Ptn Issues Optimistic Estimate for WNEB 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) - Equities research analysts at Seaport Res Ptn increased their FY2025 earnings estimates for Western New England Bancorp in a report released on Wednesday, July 23rd. Seaport Res Ptn analyst L. Hunsicker now expects that the financial services provider will post earnings per share of $0.72 for the year, up from their previous forecast 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 issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. The company had revenue of $21.05 million for the quarter, compared to analyst estimates of $16.35 million. Western New England Bancorp had a net margin of 9.51% and a return on equity of 5.08%.

Other equities analysts have also issued reports about the stock. Wall Street Zen raised shares of Western New England Bancorp from a "sell" rating to a "hold" rating in a report on Saturday. Piper Sandler upped their price target on Western New England Bancorp from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd.

Western New England Bancorp Stock Up 0.1%

WNEB stock traded up $0.01 during trading on Friday, hitting $11.33. 31,921 shares of the company's stock traded hands, compared to its average volume of 85,702. The firm has a market capitalization of $234.70 million, a P/E ratio of 19.18 and a beta of 0.75. The business has a fifty day simple moving average of $9.54 and a two-hundred day simple moving average of $9.27. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.50. Western New England Bancorp has a 1 year low of $7.38 and a 1 year high of $11.68.

Western New England Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $0.28 annualized dividend and a yield of 2.47%. Western New England Bancorp's dividend payout ratio (DPR) is 47.46%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. grew 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 worth $255,000 after buying an additional 7,977 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Western New England Bancorp during the second quarter worth $161,000. Goldman Sachs Group Inc. lifted its stake in shares of Western New England Bancorp by 36.5% during the first quarter. Goldman Sachs Group Inc. now owns 92,006 shares of the financial services provider's stock worth $856,000 after buying an additional 24,597 shares during the period. Jane Street Group LLC lifted its stake 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 worth $750,000 after buying an additional 52,858 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Western New England Bancorp by 7.0% during the first quarter. Empowered Funds LLC now owns 89,478 shares of the financial services provider's stock worth $832,000 after buying an additional 5,883 shares during the period. 67.95% of the stock is currently owned by hedge funds and other institutional investors.

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.