Western New England Bancorp (WNEB) Getting Somewhat Favorable Press Coverage, Analysis Finds
Headlines about Western New England Bancorp (NASDAQ:WNEB) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western New England Bancorp earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 44.7495390827332 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Western New England Bancorp (NASDAQ WNEB) traded up 1.42% during mid-day trading on Friday, hitting $10.75. 26,308 shares of the stock were exchanged. The stock has a 50-day moving average price of $9.94 and a 200 day moving average price of $10.20. The firm has a market cap of $322.29 million, a price-to-earnings ratio of 24.83 and a beta of 0.41. Western New England Bancorp has a 52-week low of $7.45 and a 52-week high of $10.95.
Western New England Bancorp (NASDAQ:WNEB) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). The company had revenue of $16.82 million during the quarter, compared to analysts’ expectations of $16.74 million. Western New England Bancorp had a net margin of 15.93% and a return on equity of 5.47%. On average, equities research analysts expect that Western New England Bancorp will post $0.58 earnings per share for the current year.
Several brokerages have issued reports on WNEB. Zacks Investment Research cut shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine raised shares of Western New England Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $11.50 target price on shares of Western New England Bancorp in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.67.
Western New England Bancorp Company Profile
Western New England Bancorp, Inc, formerly Westfield Financial, Inc, is a Massachusetts-chartered stock holding company. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products.
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