Western New England Bancorp (WNEB) Expected to Announce Quarterly Earnings on Tuesday

Western New England Bancorp (NASDAQ:WNEB) is anticipated to announce its earnings results before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.12 per share and revenue of $15.58 million for the quarter.

Western New England Bancorp (NASDAQ:WNEB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Western New England Bancorp had a return on equity of 4.91% and a net margin of 9.51%. During the same period in the previous year, the firm earned $0.12 EPS. 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 Stock Up 2.4 %

Shares of NASDAQ WNEB opened at $8.03 on Tuesday. The stock has a 50-day moving average price of $9.12 and a two-hundred day moving average price of $9.05. Western New England Bancorp has a 12 month low of $6.00 and a 12 month high of $10.08. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The company has a market cap of $167.11 million, a price-to-earnings ratio of 14.34 and a beta of 0.57.

Western New England Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Wednesday, February 12th. Western New England Bancorp’s dividend payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

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

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.