$0.13 EPS Expected for Western New England Bancorp Inc (NASDAQ:WNEB) This Quarter

Wall Street brokerages expect that Western New England Bancorp Inc (NASDAQ:WNEB) will announce earnings of $0.13 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Western New England Bancorp’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.12. Western New England Bancorp reported earnings per share of $0.14 during the same quarter last year, which indicates a negative year-over-year growth rate of 7.1%. The company is scheduled to issue its next quarterly earnings report on Tuesday, October 22nd.

According to Zacks, analysts expect that Western New England Bancorp will report full-year earnings of $0.51 per share for the current fiscal year, with EPS estimates ranging from $0.49 to $0.53. For the next financial year, analysts expect that the business will report earnings of $0.56 per share, with EPS estimates ranging from $0.52 to $0.60. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Western New England Bancorp.

Western New England Bancorp (NASDAQ:WNEB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. Western New England Bancorp had a net margin of 16.17% and a return on equity of 6.16%. The company had revenue of $16.72 million during the quarter, compared to the consensus estimate of $16.93 million.

Several analysts recently commented on WNEB shares. ValuEngine raised shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. Zacks Investment Research raised shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. BidaskClub raised shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Western New England Bancorp in a report on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.50.

Several hedge funds have recently made changes to their positions in WNEB. Dimensional Fund Advisors LP boosted its holdings in shares of Western New England Bancorp by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,303,968 shares of the financial services provider’s stock worth $23,132,000 after buying an additional 59,945 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in Western New England Bancorp in the 2nd quarter worth about $419,000. Seizert Capital Partners LLC acquired a new stake in Western New England Bancorp in the 2nd quarter worth about $325,000. Acadian Asset Management LLC raised its stake in Western New England Bancorp by 2,820.8% in the 1st quarter. Acadian Asset Management LLC now owns 29,617 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 28,603 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Western New England Bancorp by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,713,327 shares of the financial services provider’s stock worth $16,002,000 after purchasing an additional 28,118 shares in the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.

Shares of WNEB traded up $0.07 during midday trading on Friday, reaching $8.95. The stock had a trading volume of 1,490 shares, compared to its average volume of 27,785. The stock has a market cap of $229.75 million, a price-to-earnings ratio of 15.98 and a beta of 0.20. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50 day simple moving average is $9.15. Western New England Bancorp has a one year low of $8.50 and a one year high of $11.00.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, August 6th. Western New England Bancorp’s payout ratio is 35.71%.

Western New England Bancorp Company Profile

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.

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

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