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Western New England Bancorp (WNEB) Projected to Post Earnings on Tuesday

Western New England Bancorp logo with Finance background

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) will likely be announcing its earnings results before the market opens on Tuesday, April 22nd. Analysts expect Western New England Bancorp to post earnings of $0.12 per share and revenue of $15.58 million for the quarter.

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. Western New England Bancorp had a return on equity of 4.91% and a net margin of 9.51%. During the same quarter in the previous year, the business posted $0.12 EPS. On average, analysts expect Western New England Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Western New England Bancorp Price Performance

WNEB traded up $0.08 during midday trading on Friday, hitting $8.55. The stock had a trading volume of 59,739 shares, compared to its average volume of 44,664. The company has a market cap of $177.93 million, a P/E ratio of 15.27 and a beta of 0.57. Western New England Bancorp has a 1 year low of $6.00 and a 1 year high of $10.08. The business has a fifty day moving average of $9.03 and a 200 day moving average of $9.05. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.95.

Western New England Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Wednesday, February 12th. Western New England Bancorp's payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn raised Western New England Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th.

View Our Latest Stock Report on Western New England Bancorp

About Western New England Bancorp

(Get Free Report)

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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Earnings History for Western New England Bancorp (NASDAQ:WNEB)

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