Western New England Bancorp (NASDAQ:WNEB) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Western New England Bancorp (NASDAQ:WNEB) posted its earnings results on Tuesday. The financial services provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01), Zacks reports. Western New England Bancorp had a net margin of 9.51% and a return on equity of 4.91%. The company had revenue of $28.44 million during the quarter, compared to analysts’ expectations of $15.58 million.

Western New England Bancorp Stock Up 4.8 %

WNEB opened at $8.95 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95. Western New England Bancorp has a 12 month low of $6.00 and a 12 month high of $10.08. The stock has a market capitalization of $186.26 million, a P/E ratio of 15.98 and a beta of 0.57. The business has a 50 day simple moving average of $9.00 and a 200-day simple moving average of $9.05.

Western New England Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.28 dividend on an annualized basis and a yield of 3.13%. Western New England Bancorp’s payout ratio is currently 50.00%.

Analysts Set New Price Targets

Separately, Seaport Res Ptn raised shares of Western New England Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th.

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.