Western New England Bancorp (WNEB) Projected to Post Earnings on Tuesday

Western New England Bancorp (NASDAQ:WNEB) will likely be posting its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Western New England Bancorp to post earnings of $0.12 per share for the quarter.

Western New England Bancorp (NASDAQ:WNEB) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $30.98 million for the quarter, compared to analysts’ expectations of $17.39 million. Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%. 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 Trading Up 0.4 %

NASDAQ WNEB opened at $9.09 on Tuesday. The stock has a market capitalization of $191.07 million, a price-to-earnings ratio of 17.48 and a beta of 0.70. Western New England Bancorp has a one year low of $6.00 and a one year high of $10.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95. The business’s fifty day moving average is $9.19 and its 200-day moving average is $8.67.

Western New England Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Thursday, November 7th. Western New England Bancorp’s dividend payout ratio is currently 53.85%.

Insider Activity

In other Western New England Bancorp news, SVP Darlene M. Libiszewski sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $9.18, for a total value of $45,900.00. Following the completion of the sale, the senior vice president now owns 16,020 shares of the company’s stock, valued at $147,063.60. This represents a 23.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.80% of the company’s stock.

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.