Wall Street brokerages expect Western New England Bancorp Inc (NASDAQ:WNEB) to post $0.13 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Western New England Bancorp’s earnings, with estimates ranging from $0.12 to $0.13. Western New England Bancorp reported earnings per share of $0.12 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The company is scheduled to issue its next earnings report on Tuesday, April 23rd.

According to Zacks, analysts expect that Western New England Bancorp will report full year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.54 to $0.59. For the next year, analysts anticipate that the firm will post earnings of $0.62 per share, with EPS estimates ranging from $0.58 to $0.66. Zacks’ earnings per share calculations are an average based on a survey of 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, January 29th. The financial services provider reported $0.14 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.14. The firm had revenue of $17.06 million for the quarter, compared to analyst estimates of $17.19 million. Western New England Bancorp had a return on equity of 6.71% and a net margin of 18.60%.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Western New England Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine upgraded Western New England Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Compass Point upgraded Western New England Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the stock from $10.00 to $10.50 in a research report on Wednesday, January 30th. BidaskClub lowered Western New England Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Finally, Sandler O’Neill upgraded Western New England Bancorp from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Thursday, December 20th. One equities research 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. The stock currently has an average rating of “Hold” and an average price target of $10.75.

Shares of WNEB opened at $9.80 on Friday. The firm has a market capitalization of $287.30 million, a price-to-earnings ratio of 17.50 and a beta of 0.16. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.05 and a current ratio of 1.05. Western New England Bancorp has a 52 week low of $8.50 and a 52 week high of $11.25.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 27th. Stockholders of record on Wednesday, February 13th will be given a $0.05 dividend. This is a positive change from Western New England Bancorp’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Tuesday, February 12th. Western New England Bancorp’s dividend payout ratio (DPR) is currently 28.57%.

Several large investors have recently bought and sold shares of the company. Essex Financial Services Inc. bought a new position in shares of Western New England Bancorp in the 4th quarter worth $152,000. First Trust Advisors LP bought a new position in shares of Western New England Bancorp in the 4th quarter worth $310,000. Rhumbline Advisers boosted its position in shares of Western New England Bancorp by 35.7% in the 4th quarter. Rhumbline Advisers now owns 42,482 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 11,187 shares during the last quarter. Teton Advisors Inc. boosted its position in shares of Western New England Bancorp by 2.3% in the 4th quarter. Teton Advisors Inc. now owns 89,760 shares of the financial services provider’s stock worth $901,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Vanguard Group Inc raised its stake in Western New England Bancorp by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 1,319,303 shares of the financial services provider’s stock worth $14,248,000 after buying an additional 8,195 shares during the period. Institutional investors and hedge funds own 55.32% of the company’s stock.

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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