Western New England Bancorp (WNEB) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western New England Bancorp in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WNEB shares.
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2 brokerages have issued 1 year price targets for Western New England Bancorp's stock. Their WNEB share price forecasts range from $8.50 to $8.50. On average, they predict the company's share price to reach $8.50 in the next twelve months. This suggests a possible upside of 32.0% from the stock's current price.
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Western New England Bancorp's stock was trading at $9.46 on January 1st, 2023. Since then, WNEB shares have decreased by 31.9% and is now trading at $6.44.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our WNEB earnings forecast.

Western New England Bancorp, Inc. (NASDAQ:WNEB) posted its earnings results on Tuesday, July, 25th. The financial services provider reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by $0.05. The financial services provider had revenue of $18.44 million for the quarter, compared to the consensus estimate of $20.60 million. Western New England Bancorp had a net margin of 21.67% and a trailing twelve-month return on equity of 10.19%.

Western New England Bancorp declared a quarterly dividend on Tuesday, July 25th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.07 per share on Wednesday, August 23rd. This represents a $0.28 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Tuesday, August 8th.
Read our dividend analysis for WNEB.

Western New England Bancorp (NASDAQ:WNEB) pays an annual dividend of $0.28 per share and currently has a dividend yield of 4.27%. WNEB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WNEB will have a dividend payout ratio of 48.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WNEB.

Based on aggregate information from My MarketBeat watchlists, some companies that other Western New England Bancorp investors own include EnLink Midstream (ENLC), WestRock (WRK), The Hartford Financial Services Group (HIG), Capital Bancorp (CBNK), Novus Therapeutics (NVUS), General Electric (GE), New York Community Bancorp (NYCB), People's United Financial (PBCT), Pfizer (PFE) and Regions Financial (RF).

Western New England Bancorp trades on the NASDAQ under the ticker symbol "WNEB."

Western New England Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.86%), Renaissance Technologies LLC (5.68%), BlackRock Inc. (5.09%), Royce & Associates LP (4.78%), Hennessy Advisors Inc. (1.60%) and Acadian Asset Management LLC (1.43%). Insiders that own company stock include Allen J Miles III, Darlene M Libiszewski, Filipe B Goncalves, Guida R Sajdak, James C Hagan, John E Bonini, Kevin C O'connor, Laura Benoit, Louis O Gorman III, Philip R Smith, Steven G Richter and William J Wagner.
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Shares of WNEB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WNEB stock can currently be purchased for approximately $6.44.

Western New England Bancorp (NASDAQ:WNEB) has a market capitalization of $142.20 million and generates $99.26 million in revenue each year. The financial services provider earns $25.89 million in net income (profit) each year or $1.07 on an earnings per share basis.

The company employs 289 workers across the globe.

Western New England Bancorp's mailing address is 141 ELM STREET, WESTFIELD MA, 01086. The official website for the company is www.westfieldbank.com. The financial services provider can be reached via phone at (413) 568-1911 or via fax at 413-562-7939.