$0.14 EPS Expected for Western New England Bancorp Inc (WNEB) This Quarter

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Analysts predict that Western New England Bancorp Inc (NASDAQ:WNEB) will post $0.14 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Western New England Bancorp’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.15. Western New England Bancorp reported earnings per share of $0.13 during the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The company is expected to issue its next quarterly earnings results on Tuesday, October 23rd.

According to Zacks, analysts expect that Western New England Bancorp will report full-year earnings of $0.56 per share for the current year, with EPS estimates ranging from $0.51 to $0.60. For the next financial year, analysts forecast that the business will post earnings of $0.62 per share, with EPS estimates ranging from $0.60 to $0.64. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Western New England Bancorp.

A number of brokerages recently issued reports on WNEB. Zacks Investment Research cut shares of Western New England Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. BidaskClub raised shares of Western New England Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Sandler O’Neill cut shares of Western New England Bancorp from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a research note on Wednesday, July 25th. Finally, Compass Point raised shares of Western New England Bancorp from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $12.00 in a research note on Thursday, June 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Western New England Bancorp presently has a consensus rating of “Hold” and an average price target of $11.70.

Shares of Western New England Bancorp opened at $10.80 on Tuesday, according to Marketbeat Ratings. Western New England Bancorp has a 12 month low of $9.30 and a 12 month high of $11.25. The company has a market cap of $323.37 million, a PE ratio of 21.60 and a beta of 0.34. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, August 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.48%. Western New England Bancorp’s payout ratio is presently 32.00%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Trexquant Investment LP bought a new stake in shares of Western New England Bancorp during the first quarter worth $110,000. MetLife Investment Advisors LLC acquired a new position in shares of Western New England Bancorp during the fourth quarter worth $146,000. Wells Fargo & Company MN lifted its holdings in shares of Western New England Bancorp by 33.3% during the fourth quarter. Wells Fargo & Company MN now owns 47,451 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 11,848 shares during the period. Deutsche Bank AG lifted its holdings in shares of Western New England Bancorp by 30.3% during the fourth quarter. Deutsche Bank AG now owns 112,067 shares of the financial services provider’s stock worth $1,220,000 after purchasing an additional 26,049 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Western New England Bancorp by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 184,152 shares of the financial services provider’s stock worth $2,007,000 after purchasing an additional 12,137 shares during the period. 54.75% of the stock is currently owned by hedge funds and other institutional investors.

Western New England Bancorp Company Profile

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides community banking products and services to individuals and businesses. The company accepts various deposit accounts, including time deposits, money market accounts, savings accounts, demand accounts, and interest bearing checking accounts.

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Earnings History and Estimates for Western New England Bancorp (NASDAQ:WNEB)

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