Western New England Bancorp (NASDAQ:WNEB – Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01), Yahoo Finance reports. 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 5.73% and a net margin of 11.33%.
Western New England Bancorp Stock Down 0.3 %
Shares of WNEB stock traded down $0.03 during mid-day trading on Friday, reaching $8.68. 50,730 shares of the company were exchanged, compared to its average volume of 38,850. The business’s 50 day simple moving average is $8.68 and its 200 day simple moving average is $7.56. The company has a market capitalization of $187.73 million, a P/E ratio of 14.47 and a beta of 0.69. Western New England Bancorp has a fifty-two week low of $6.00 and a fifty-two week high of $9.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.95 and a current ratio of 0.95.
Western New England Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, November 7th. Western New England Bancorp’s dividend payout ratio (DPR) is 46.67%.
Analysts Set New Price Targets
View Our Latest Analysis 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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