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NASDAQ:WNEB

Western New England Bancorp - WNEB Stock Forecast, Price & News

$8.83
-0.10 (-1.12%)
(As of 08/9/2022 05:13 PM ET)
Add
Compare
Today's Range
$8.73
$8.91
50-Day Range
$7.25
$8.93
52-Week Range
$7.13
$9.98
Volume
12,015 shs
Average Volume
30,026 shs
Market Capitalization
$199.93 million
P/E Ratio
8.49
Dividend Yield
2.69%
Price Target
$12.00

Western New England Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
36.8% Upside
$12.00 Price Target
Short Interest
Healthy
0.25% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$125,878 Sold Last Quarter
Proj. Earnings Growth
7.77%
From $1.03 to $1.11 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.07 out of 5 stars

Finance Sector

78th out of 885 stocks

Federal Savings Institutions Industry

3rd out of 38 stocks

WNEB stock logo

About Western New England Bancorp (NASDAQ:WNEB) Stock

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 checking, business and municipal savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyers trust accounts. It also offers residential and commercial real estate, commercial construction, working capital, equipment financing and term, home equity, and consumer loans; commercial and industrial loans, such as revolving lines of credit. In addition, the company provides automated teller machine (ATM), telephone and online banking, remote deposit capture, cash management, overdraft and safe deposit facility, and night deposit services. As of December 31, 2021, it operated through a network of 25 banking offices, 23 free-standing ATMs, and 35 seasonal or temporary ATMS located in Agawam, Chicopee, Feeding Hills, East Longmeadow, Holyoke, Huntington, Ludlow, South Hadley, Southwick, Springfield, Ware, West Springfield and Westfield, Massachusetts and Bloomfield, Enfield, Granby, and West Hartford, Connecticut. The company was formerly known as Westfield Financial, Inc. and changed its name to Western New England Bancorp, Inc. in October 2016. Western New England Bancorp, Inc. was founded in 1853 and is headquartered in Westfield, Massachusetts.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WNEB shares. Compass Point boosted their price target on shares of Western New England Bancorp to $12.00 and gave the company an "outperform" rating in a research report on Wednesday, July 27th. StockNews.com started coverage on Western New England Bancorp in a research report on Sunday, July 24th. They set a "buy" rating on the stock.

Western New England Bancorp Price Performance

NASDAQ:WNEB traded up $0.11 during trading hours on Monday, hitting $8.93. The company had a trading volume of 35,377 shares, compared to its average volume of 30,147. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $202.19 million, a price-to-earnings ratio of 8.59 and a beta of 0.51. Western New England Bancorp has a 52 week low of $7.13 and a 52 week high of $9.98. The firm has a 50 day simple moving average of $7.91 and a 200 day simple moving average of $8.51.

Western New England Bancorp (NASDAQ:WNEB - Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.25. Western New England Bancorp had a net margin of 24.85% and a return on equity of 10.49%. Equities research analysts expect that Western New England Bancorp will post 1.03 earnings per share for the current year.

Western New England Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, August 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.69%. Western New England Bancorp's payout ratio is currently 23.08%.

Insider Transactions at Western New England Bancorp

In related news, SVP Darlene M. Libiszewski sold 6,180 shares of Western New England Bancorp stock in a transaction on Monday, June 6th. The stock was sold at an average price of $8.40, for a total transaction of $51,912.00. Following the completion of the sale, the senior vice president now owns 15,389 shares of the company's stock, valued at $129,267.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Western New England Bancorp news, SVP Darlene M. Libiszewski sold 8,795 shares of the business's stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $8.41, for a total value of $73,965.95. Following the completion of the transaction, the senior vice president now owns 15,389 shares of the company's stock, valued at approximately $129,421.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Darlene M. Libiszewski sold 6,180 shares of the firm's stock in a transaction on Monday, June 6th. The shares were sold at an average price of $8.40, for a total transaction of $51,912.00. Following the sale, the senior vice president now owns 15,389 shares in the company, valued at approximately $129,267.60. The disclosure for this sale can be found here. Insiders own 4.75% of the company's stock.

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WNEB Stock News Headlines

Western New England Bancorp (NASDAQ:WNEB) PT Raised to $12.00
Best Value Stocks to Buy for July 28th
Western New England Bancorp, Inc. (WNEB)
Western New England declares $0.06 dividend
Western New England raises dividend by 20% to $0.06
See More Headlines
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WNEB Company Calendar

Ex-Dividend for 5/25 Dividend
5/10/2022
Dividend Payable
5/25/2022
Last Earnings
7/26/2022
Today
8/09/2022
Ex-Dividend for 8/24 Dividend
8/09/2022
Dividend Payable
8/24/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Federal savings institutions
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:WNEB
Previous Symbol
NASDAQ:WFD
Employees
298
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.00
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+35.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$23.70 million
Pretax Margin
33.94%

Debt

Sales & Book Value

Annual Sales
$92.41 million
Cash Flow
$1.29 per share
Book Value
$9.86 per share

Miscellaneous

Free Float
21,567,000
Market Cap
$199.93 million
Optionable
Optionable
Beta
0.51














WNEB Stock - Frequently Asked Questions

Should I buy or sell Western New England Bancorp stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Western New England Bancorp in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WNEB shares.
View WNEB analyst ratings
or view top-rated stocks.

What is Western New England Bancorp's stock price forecast for 2022?

2 analysts have issued 1-year price objectives for Western New England Bancorp's stock. Their WNEB share price forecasts range from $12.00 to $12.00. On average, they predict the company's stock price to reach $12.00 in the next year. This suggests a possible upside of 36.5% from the stock's current price.
View analysts price targets for WNEB
or view top-rated stocks among Wall Street analysts.

How has Western New England Bancorp's stock performed in 2022?

Western New England Bancorp's stock was trading at $8.76 at the start of the year. Since then, WNEB shares have increased by 0.3% and is now trading at $8.79.
View the best growth stocks for 2022 here
.

When is Western New England Bancorp's next earnings date?

Western New England Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our WNEB earnings forecast
.

How were Western New England Bancorp's earnings last quarter?

Western New England Bancorp, Inc. (NASDAQ:WNEB) released its quarterly earnings data on Tuesday, July, 26th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.25. Western New England Bancorp had a net margin of 24.85% and a trailing twelve-month return on equity of 10.49%.

How often does Western New England Bancorp pay dividends? What is the dividend yield for Western New England Bancorp?

Western New England Bancorp declared a quarterly dividend on Tuesday, July 26th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.06 per share on Wednesday, August 24th. This represents a $0.24 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Tuesday, August 9th.
Read our dividend analysis for WNEB
.

Is Western New England Bancorp a good dividend stock?

Western New England Bancorp (NASDAQ:WNEB) pays an annual dividend of $0.24 per share and currently has a dividend yield of 2.72%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WNEB will have a dividend payout ratio of 21.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WNEB.

What other stocks do shareholders of Western New England Bancorp own?

What is Western New England Bancorp's stock symbol?

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

Who are Western New England Bancorp's major shareholders?

Western New England Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Royce & Associates LP (4.10%), Assenagon Asset Management S.A. (0.06%) and Connor Clark & Lunn Investment Management Ltd. (0.06%). Insiders that own company stock include Allen J Miles III, Christos A Tapases, Darlene M Libiszewski, Guida R Sajdak, James C Hagan, Laura Benoit, Philip R Smith, Steven G Richter, Theresa C Szlosek and William J Wagner.
View institutional ownership trends
.

How do I buy shares of Western New England Bancorp?

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.
Compare Top Brokerages Here.

What is Western New England Bancorp's stock price today?

One share of WNEB stock can currently be purchased for approximately $8.79.

How much money does Western New England Bancorp make?

Western New England Bancorp (NASDAQ:WNEB) has a market capitalization of $199.01 million and generates $92.41 million in revenue each year. The financial services provider earns $23.70 million in net income (profit) each year or $1.04 on an earnings per share basis.

How many employees does Western New England Bancorp have?

Western New England Bancorp employs 298 workers across the globe.

How can I contact Western New England Bancorp?

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.

This page (NASDAQ:WNEB) was last updated on 8/9/2022 by MarketBeat.com Staff

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