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NASDAQ:WNEB

Western New England Bancorp Stock Forecast, Price & News

$5.47
-0.14 (-2.50 %)
(As of 09/22/2020 12:00 AM ET)
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Today's Range
$5.44
Now: $5.47
$5.87
50-Day Range
$4.96
MA: $5.38
$6.36
52-Week Range
$4.45
Now: $5.47
$10.00
Volume41,986 shs
Average Volume53,333 shs
Market Capitalization$140.27 million
P/E Ratio13.34
Dividend Yield3.57%
Beta0.26
Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, savings, business and municipal savings, money market and business sweep, and individual retirement accounts; time deposits; term certificates of deposit; and interest on lawyers trust accounts. It also offers commercial real estate loans secured by one-to-four and multi-family apartment buildings, office, industrial, or mixed-use facilities, or other commercial properties; commercial construction loans; commercial and industrial loans, such as revolving lines of credit, working capital loans, equipment financing and term loans; residential real estate loans secured by one-to-four family residential properties; home equity loans; and consumer loans. In addition, the company provides automated teller machines (ATM), telephone and online banking, remote deposit capture, cash management services, overdraft facilities, night deposit services, and safe deposit facilities. It operates a network of 22 banking offices, 24 free-standing ATMs, and 24 seasonal or temporary ATMS located in Agawam, Chicopee, Feeding Hills, East Longmeadow, Holyoke, Ludlow, South Hadley, Southwick, Springfield, Ware, West Springfield and Westfield, Massachusetts and Granby and Enfield, 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.
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Western New England Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.90 out of 5 stars


Industry, Sector and Symbol

Industry Federal savings institutions
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:WNEB
Previous SymbolNASDAQ:WFD
CUSIPN/A
Phone413-568-1911

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$91.82 million
Cash Flow$0.67 per share
Book Value$8.74 per share

Profitability

Net Income$13.35 million

Miscellaneous

Employees257
Market Cap$140.27 million
Next Earnings Date10/27/2020 (Estimated)
OptionableOptionable
$5.47
-0.14 (-2.50 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Western New England Bancorp (NASDAQ:WNEB) Frequently Asked Questions

How has Western New England Bancorp's stock been impacted by Coronavirus (COVID-19)?

Western New England Bancorp's stock was trading at $6.61 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WNEB stock has decreased by 17.2% and is now trading at $5.47.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Western New England Bancorp?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western New England Bancorp in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Western New England Bancorp
.

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 27th 2020.
View our earnings forecast for Western New England Bancorp
.

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

Western New England Bancorp Inc (NASDAQ:WNEB) released its quarterly earnings results on Tuesday, July, 28th. The financial services provider reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The financial services provider earned $17.18 million during the quarter, compared to analyst estimates of $17.80 million. Western New England Bancorp had a net margin of 11.68% and a return on equity of 4.67%.
View Western New England Bancorp's earnings history
.

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 28th. Investors of record on Wednesday, August 12th will be paid a dividend of $0.05 per share on Wednesday, August 26th. This represents a $0.20 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Tuesday, August 11th.
View Western New England Bancorp's dividend history
.

What price target have analysts set for WNEB?

3 analysts have issued 12 month price targets for Western New England Bancorp's shares. Their forecasts range from $7.50 to $9.50. On average, they expect Western New England Bancorp's stock price to reach $8.17 in the next twelve months. This suggests a possible upside of 49.3% from the stock's current price.
View analysts' price targets for Western New England Bancorp
.

Who are some of Western New England Bancorp's key competitors?

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

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

Who are Western New England Bancorp's key executives?

Western New England Bancorp's management team includes the following people:
  • Mr. James C. Hagan, Pres, CEO & Director (Age 58)
  • Mr. William J. Wagner, Sr. VP, Vice Chairman & Chief Bus. Devel. Officer (Age 73)
  • Mr. Allen J. Miles III, Exec. VP & Sr. Lender (Age 56)
  • Ms. Guida R. Sajdak, CFO, Exec. VP & Treasurer (Age 46)
  • Ms. Darlene M. Libiszewski, Sr. VP & Chief Information Officer (Age 53)

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 a number of institutional and retail investors. Top institutional investors include FMR LLC (1.88%), FMR LLC (1.88%), Dalton Greiner Hartman Maher & Co. (1.81%), Bridgeway Capital Management Inc. (0.81%), Bank of New York Mellon Corp (0.77%) and BHZ Capital Management LP (0.43%). Company insiders that own Western New England Bancorp stock include Allen J Miles III, Christos A Tapases, Darlene M Libiszewski, Guida R Sajdak, James C Hagan, Philip R Smith, Steven G Richter, Theresa C Szlosek and William J Wagner.
View institutional ownership trends for Western New England Bancorp
.

Which institutional investors are selling Western New England Bancorp stock?

WNEB stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, FMR LLC, Bridgeway Capital Management Inc., UBS Group AG, Bank of New York Mellon Corp, California Public Employees Retirement System, Nuveen Asset Management LLC, and Teton Advisors Inc..
View insider buying and selling activity for Western New England Bancorp
.

Which institutional investors are buying Western New England Bancorp stock?

WNEB stock was bought by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Goldman Sachs Group Inc., WINTON GROUP Ltd, Bank of America Corp DE, Strs Ohio, BHZ Capital Management LP, and Seizert Capital Partners LLC. Company insiders that have bought Western New England Bancorp stock in the last two years include Christos A Tapases, James C Hagan, Philip R Smith, Steven G Richter, and Theresa C Szlosek.
View insider buying and selling activity for Western New England Bancorp
.

How do I buy shares of Western New England Bancorp?

Shares of WNEB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

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

One share of WNEB stock can currently be purchased for approximately $5.47.

How big of a company is Western New England Bancorp?

Western New England Bancorp has a market capitalization of $140.27 million and generates $91.82 million in revenue each year. The financial services provider earns $13.35 million in net income (profit) each year or $0.51 on an earnings per share basis. Western New England Bancorp employs 257 workers across the globe.

What is Western New England Bancorp's official website?

The official website for Western New England Bancorp is www.westfieldbank.com.

How can I contact Western New England Bancorp?

Western New England Bancorp's mailing address is 141 ELM STREET, WESTFIELD MA, 01086. The financial services provider can be reached via phone at 413-568-1911.

This page was last updated on 9/23/2020 by MarketBeat.com Staff

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