Western New England Bancorp (NASDAQ:WNEB – Get Free Report) released its earnings results on Tuesday. The financial services provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06, Zacks reports. Western New England Bancorp had a return on equity of 5.74% and a net margin of 11.33%. The company had revenue of $30.64 million for the quarter, compared to the consensus estimate of $18.22 million.
Western New England Bancorp Stock Performance
Shares of NASDAQ WNEB traded up $0.09 during mid-day trading on Thursday, hitting $8.58. The company had a trading volume of 24,022 shares, compared to its average volume of 40,389. The firm’s 50 day simple moving average is $6.90 and its two-hundred day simple moving average is $7.42. The stock has a market cap of $185.59 million, a price-to-earnings ratio of 14.15 and a beta of 0.69. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.95 and a quick ratio of 0.95. Western New England Bancorp has a 12 month low of $6.00 and a 12 month high of $9.25.
Western New England Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Wednesday, August 7th. Western New England Bancorp’s dividend payout ratio (DPR) is 46.67%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on WNEB
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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