Western New England Bancorp (WNEB) Set to Announce Quarterly Earnings on Tuesday

Western New England Bancorp (NASDAQ:WNEB) will be releasing its earnings data on Tuesday, April 23rd.

Western New England Bancorp (NASDAQ:WNEB) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $18.89 million for the quarter, compared to analyst estimates of $18.67 million. Western New England Bancorp had a net margin of 13.45% and a return on equity of 6.44%. On average, analysts expect Western New England Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Western New England Bancorp Price Performance

Shares of WNEB opened at $6.57 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.95 and a quick ratio of 0.95. The company’s fifty day moving average price is $7.66 and its 200-day moving average price is $7.90. The firm has a market capitalization of $142.63 million, a PE ratio of 9.39 and a beta of 0.61. Western New England Bancorp has a 1-year low of $5.58 and a 1-year high of $9.25.

Western New England Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.26%. The ex-dividend date was Tuesday, February 6th. Western New England Bancorp’s payout ratio is 40.00%.

Institutional Investors Weigh In On Western New England Bancorp

Several hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in Western New England Bancorp by 808.9% in the fourth quarter. International Assets Investment Management LLC now owns 5,017 shares of the financial services provider’s stock valued at $45,000 after buying an additional 4,465 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in Western New England Bancorp during the 4th quarter worth approximately $74,000. Citigroup Inc. purchased a new position in shares of Western New England Bancorp in the 4th quarter valued at approximately $77,000. UBS Group AG lifted its holdings in shares of Western New England Bancorp by 22.2% during the first quarter. UBS Group AG now owns 9,843 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 1,786 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in Western New England Bancorp by 25.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,046 shares of the financial services provider’s stock valued at $82,000 after buying an additional 2,061 shares during the last quarter. 67.95% of the stock is 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 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.