Western New England Bancorp (NASDAQ:WNEB) Receives Average Rating of "Hold" from Analysts

Key Points

• Analyst consensus is “Hold”: Three of four analysts rate Western New England Bancorp neutral, while one recommends buying. The average 12-month price target is $15.50, above the reported $13.86 share price.
• Recent quarterly earnings were mixed: The company reported earnings of $0.18 per share, missing estimates by $0.06, though revenue of $27.11 million exceeded expectations. Analysts project full-year earnings of $0.94 per share.
• Shareholders will receive a quarterly dividend of $0.07: The payment equates to an annualized dividend of $0.28 and a 2.0% yield, with a payout ratio of 33.33%.

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) has been assigned a consensus rating of "Hold" from the four analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $15.50.

Several brokerages recently commented on WNEB. Weiss Ratings reissued a "buy (b)" rating on shares of Western New England Bancorp in a research note on Friday, August 7th. Wall Street Zen downgraded shares of Western New England Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday. Piper Sandler increased their price target on shares of Western New England Bancorp from $15.00 to $15.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Zacks Research lowered shares of Western New England Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 11th. Finally, Seaport Research Partners downgraded shares of Western New England Bancorp from a "buy" rating to a "neutral" rating in a report on Wednesday, July 29th.

Western New England Bancorp Trading Down 1.4%

Shares of NASDAQ WNEB opened at $13.86 on Friday. The business has a 50-day moving average price of $13.99 and a two-hundred day moving average price of $13.60. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $277.89 million, a PE ratio of 16.50 and a beta of 0.76. Western New England Bancorp has a one year low of $10.78 and a one year high of $15.01.

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.06). Western New England Bancorp had a net margin of 12.43% and a return on equity of 6.78%. The company had revenue of $27.11 million for the quarter, compared to analysts' expectations of $22.74 million. As a group, analysts predict that Western New England Bancorp will post 0.94 earnings per share for the current fiscal year.

Western New England Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 12th. Western New England Bancorp's dividend payout ratio is presently 33.33%.

Insider Buying and Selling at Western New England Bancorp

In other news, SVP Darlene M. Libiszewski sold 3,680 shares of the company's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $13.42, for a total transaction of $49,385.60. Following the completion of the sale, the senior vice president owned 14,048 shares in the company, valued at approximately $188,524.16. This represents a 20.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Western New England Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in Western New England Bancorp during the 2nd quarter worth $39,000. Sound Income Strategies LLC acquired a new stake in Western New England Bancorp during the first quarter worth $40,000. BNP Paribas Financial Markets increased its stake in Western New England Bancorp by 95.7% in the third quarter. BNP Paribas Financial Markets now owns 5,003 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 2,446 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Western New England Bancorp by 51,300.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,738 shares of the financial services provider's stock valued at $81,000 after purchasing an additional 8,721 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Western New England Bancorp during the second quarter worth $93,000. 67.95% of the stock is currently owned by institutional investors and hedge funds.

Western New England Bancorp Company Profile

Western New England Bancorp is a bank holding company headquartered in Westfield, Massachusetts. Through its wholly owned subsidiary, Westfield Bank, the company provides a full suite of commercial and consumer banking services. Its operations focus on serving small to mid-sized businesses, professional practices, and individual customers, with a strategy centered on relationship-driven banking and community involvement.

The company's core offerings include deposit products such as checking, savings and money market accounts, along with business cash-management solutions.

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