Western New England Bancorp (NASDAQ:WNEB – Get Free Report)‘s stock had its “neutral” rating reiterated by equities research analysts at Piper Sandler in a research report issued on Wednesday, Benzinga reports. They presently have a $7.50 price target on the financial services provider’s stock, down from their previous price target of $9.00. Piper Sandler’s target price indicates a potential upside of 12.61% from the stock’s current price.
Western New England Bancorp Price Performance
Shares of WNEB opened at $6.66 on Wednesday. The company has a market capitalization of $144.59 million, a price-to-earnings ratio of 11.10 and a beta of 0.61. Western New England Bancorp has a fifty-two week low of $5.58 and a fifty-two week high of $9.25. 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 business’s 50-day moving average is $7.54 and its 200-day moving average is $7.87.
Western New England Bancorp (NASDAQ:WNEB – Get Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Western New England Bancorp had a return on equity of 5.44% and a net margin of 11.10%. The firm had revenue of $18.89 million during the quarter, compared to analyst estimates of $18.67 million. Equities research analysts expect that Western New England Bancorp will post 0.56 EPS for the current fiscal year.
Hedge Funds Weigh In On Western New England Bancorp
About Western New England Bancorp
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.
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