Western New England Bancorp (WNEB) To Go Ex-Dividend on May 13th

Western New England Bancorp (NASDAQ:WNEB) declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Wednesday, May 13th will be given a dividend of 0.07 per share by the financial services provider on Wednesday, May 27th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, May 13th.

Western New England Bancorp has increased its dividend by an average of 0.1%per year over the last three years. Western New England Bancorp has a payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Western New England Bancorp to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 25.9%.

Western New England Bancorp Price Performance

WNEB opened at $13.99 on Thursday. The business’s 50-day moving average is $13.22 and its two-hundred day moving average is $12.78. Western New England Bancorp has a 1 year low of $8.52 and a 1 year high of $14.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $283.42 million, a PE ratio of 18.41 and a beta of 0.76.

Western New England Bancorp (NASDAQ:WNEB) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. Western New England Bancorp had a return on equity of 6.31% and a net margin of 11.64%.The company had revenue of $21.82 million for the quarter, compared to analyst estimates of $21.91 million. Research analysts anticipate that Western New England Bancorp will post 0.95 earnings per share for the current fiscal year.

About Western New England Bancorp

Western New England Bancorp is a bank holding company headquartered in Westfield, Massachusetts. Through its wholly owned subsidiary, Westfield Bank, the company provides a full suite of commercial and consumer banking services. Its operations focus on serving small to mid-sized businesses, professional practices, and individual customers, with a strategy centered on relationship-driven banking and community involvement.

The company’s core offerings include deposit products such as checking, savings and money market accounts, along with business cash-management solutions.