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 year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" WNEB shares.
View WNEB analyst ratings or view top-rated stocks.

2 analysts have issued twelve-month price targets for Western New England Bancorp's shares. Their WNEB share price forecasts range from $10.00 to $12.00. On average, they anticipate the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 24.2% from the stock's current price.
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Western New England Bancorp's stock was trading at $9.46 at the start of the year. Since then, WNEB shares have decreased by 6.3% and is now trading at $8.86.
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Western New England Bancorp saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 45,400 shares, an increase of 19.5% from the February 13th total of 38,000 shares. Based on an average daily trading volume, of 45,400 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the shares of the company are sold short.
View Western New England Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our WNEB earnings forecast.

Western New England Bancorp, Inc. (NASDAQ:WNEB) issued its quarterly earnings data on Tuesday, January, 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.14. The financial services provider had revenue of $26.51 million for the quarter, compared to analysts' expectations of $23.25 million. Western New England Bancorp had a trailing twelve-month return on equity of 11.84% and a net margin of 26.08%.

Western New England Bancorp announced a quarterly dividend on Tuesday, January 24th. Investors of record on Wednesday, February 8th will be paid a dividend of $0.07 per share on Wednesday, February 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Tuesday, February 7th. This is an increase from the stock's previous quarterly dividend of $0.06.
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 3.24%. 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 23.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WNEB will have a dividend payout ratio of 23.73% 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 a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.46%), Renaissance Technologies LLC (5.83%), Hennessy Advisors Inc. (1.98%), BHZ Capital Management LP (1.17%), rhino investment partners Inc (0.82%) and Millennium Management LLC (0.61%). Insiders that own company stock include Allen J Miles III, Darlene M Libiszewski, Guida R Sajdak, James C Hagan, Laura Benoit, Louis O Gorman III, Philip R Smith, Steven G Richter, Theresa C Szlosek and William J Wagner.
View institutional ownership trends.

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 $8.86.

Western New England Bancorp (NASDAQ:WNEB) has a market capitalization of $196.78 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 $1.19 on an earnings per share basis.

The company employs 298 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.