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 for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01), Yahoo Finance reports. The company 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 Performance
Shares of NASDAQ WNEB traded down $0.02 during mid-day trading on Friday, hitting $8.69. The stock had a trading volume of 12,353 shares, compared to its average volume of 38,665. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50 day moving average of $8.68 and a two-hundred day moving average of $7.55. Western New England Bancorp has a twelve month low of $6.00 and a twelve month high of $9.25. The firm has a market cap of $187.95 million, a PE ratio of 14.52 and a beta of 0.69.
Western New England Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, November 7th. Western New England Bancorp’s payout ratio is 46.67%.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on WNEB
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.
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