News stories about Western New England Bancorp (NASDAQ:WNEB) have trended very positive this week, according to InfoTrie. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Western New England Bancorp earned a media sentiment score of 3.72 on their scale. InfoTrie also assigned news coverage about the financial services provider an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the near term.
WNEB stock traded down $0.02 during trading on Friday, hitting $9.40. The company had a trading volume of 30,983 shares, compared to its average volume of 23,327. The company has a fifty day moving average price of $9.34 and a two-hundred day moving average price of $9.42. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.89. The company has a market cap of $247.29 million, a P/E ratio of 18.80 and a beta of 0.20. Western New England Bancorp has a fifty-two week low of $8.50 and a fifty-two week high of $10.18.
Western New England Bancorp (NASDAQ:WNEB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The business had revenue of $17.33 million for the quarter, compared to analyst estimates of $17.28 million. Western New England Bancorp had a return on equity of 5.80% and a net margin of 14.54%. On average, analysts expect that Western New England Bancorp will post 0.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, February 11th. Western New England Bancorp’s dividend payout ratio is 39.22%.
A number of analysts have recently issued reports on WNEB shares. BidaskClub cut Western New England Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 31st. Zacks Investment Research restated a “sell” rating on shares of Western New England Bancorp in a research report on Saturday, February 8th. Finally, TheStreet cut Western New England Bancorp from a “b” rating to a “c+” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Western New England Bancorp has a consensus rating of “Hold” and an average price target of $10.50.
In related news, EVP Allen J. Miles III sold 2,911 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $9.78, for a total value of $28,469.58. 5.22% of the stock is owned by insiders.
About Western New England Bancorp
Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, savings, business and municipal savings, money market and business sweep, and individual retirement accounts; time deposits; term certificates of deposit; and interest on lawyers trust accounts.
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