Western New England Bancorp (NASDAQ:WNEB – Get Free Report) issued its quarterly 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. Western New England Bancorp had a net margin of 11.33% and a return on equity of 5.73%. The company had revenue of $30.98 million during the quarter, compared to the consensus estimate of $17.39 million.
Western New England Bancorp Price Performance
Shares of Western New England Bancorp stock traded down $0.02 during mid-day trading on Friday, reaching $8.69. 12,813 shares of the stock were exchanged, compared to its average volume of 38,667. The company has a market cap of $187.95 million, a price-to-earnings ratio of 14.52 and a beta of 0.69. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.63. The firm has a 50-day simple moving average of $8.68 and a 200 day simple moving average of $7.55. Western New England Bancorp has a fifty-two week low of $6.00 and a fifty-two week high of $9.25.
Western New England Bancorp Dividend Announcement
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 dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, November 7th. Western New England Bancorp’s dividend payout ratio (DPR) is currently 46.67%.
Wall Street Analysts Forecast Growth
View 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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