Western New England Bancorp (NASDAQ:WNEB – Get Free Report)‘s stock had its “buy” rating restated by research analysts at Seaport Res Ptn in a report released on Tuesday, PriceTargets.com reports. Seaport Res Ptn also issued estimates for Western New England Bancorp’s Q3 2023 earnings at $0.14 EPS, Q4 2023 earnings at $0.13 EPS, FY2023 earnings at $0.64 EPS, Q1 2024 earnings at $0.11 EPS, Q2 2024 earnings at $0.12 EPS, Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.12 EPS, FY2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.13 EPS and FY2025 earnings at $0.52 EPS.
Several other research firms also recently issued reports on WNEB. TheStreet downgraded Western New England Bancorp from a “b-” rating to a “c+” rating in a report on Monday, June 12th. StockNews.com assumed coverage on Western New England Bancorp in a research note on Thursday, August 17th. They issued a “hold” rating for the company.
Western New England Bancorp Trading Down 1.6 %
Western New England Bancorp (NASDAQ:WNEB – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). The company had revenue of $18.44 million for the quarter, compared to analysts’ expectations of $20.60 million. Western New England Bancorp had a return on equity of 10.19% and a net margin of 21.67%. On average, analysts predict that Western New England Bancorp will post 0.67 EPS for the current year.
Institutional Trading of Western New England Bancorp
A number of large investors have recently made changes to their positions in WNEB. Money Concepts Capital Corp acquired a new stake in shares of Western New England Bancorp in the fourth quarter valued at approximately $74,000. Citigroup Inc. purchased a new position in Western New England Bancorp during the 4th quarter worth $77,000. Tower Research Capital LLC TRC increased its stake in Western New England Bancorp by 25.8% in the third quarter. Tower Research Capital LLC TRC now owns 10,046 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 2,061 shares during the period. UBS Group AG raised its holdings in shares of Western New England Bancorp by 22.2% in the first quarter. UBS Group AG now owns 9,843 shares of the financial services provider’s stock valued at $88,000 after buying an additional 1,786 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Western New England Bancorp during the first quarter worth about $91,000. 53.60% of the stock is owned by institutional investors and hedge funds.
Western New England Bancorp Company Profile
Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including interest-bearing and noninterest-bearing checking, commercial checking, business, nonprofit and municipal checking, savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyer's trust accounts.
- Five stocks we like better than Western New England Bancorp
- What is the Hang Seng index?
- 3 Low-Cost ETFs That Are Crushing SPY
- Investing in Agriculture 101: How to Invest in Agriculture
- Shutterstock is the Value Stock they don’t want you to know about
- How to Buy Gold Stock and Invest in Gold
- Body Slammed Under $100, Is World Wrestling Stock an Opportunity?
Receive News & Ratings for Western New England Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western New England Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.