Research Analysts Offer Predictions for Western New England Bancorp Inc’s Q4 2018 Earnings (WNEB)

Western New England Bancorp Inc (NASDAQ:WNEB) – Investment analysts at FIG Partners lowered their Q4 2018 earnings estimates for shares of Western New England Bancorp in a research note issued on Monday, October 29th. FIG Partners analyst D. Bishop now anticipates that the financial services provider will post earnings of $0.14 per share for the quarter, down from their prior estimate of $0.16. FIG Partners also issued estimates for Western New England Bancorp’s Q1 2019 earnings at $0.13 EPS and FY2019 earnings at $0.59 EPS.

Western New England Bancorp (NASDAQ:WNEB) last released its earnings results on Tuesday, October 23rd. The financial services provider reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Western New England Bancorp had a return on equity of 6.58% and a net margin of 14.03%. The firm had revenue of $16.90 million during the quarter, compared to analysts’ expectations of $17.49 million.



A number of other analysts also recently weighed in on the company. BidaskClub downgraded Western New England Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 19th. Zacks Investment Research downgraded Western New England Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Finally, Sandler O’Neill downgraded Western New England Bancorp from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $11.88.

Shares of WNEB opened at $10.04 on Thursday. Western New England Bancorp has a 52 week low of $9.80 and a 52 week high of $11.25. The firm has a market capitalization of $299.55 million, a PE ratio of 20.08 and a beta of 0.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 1.04.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.16 dividend on an annualized basis and a yield of 1.59%. Western New England Bancorp’s payout ratio is currently 32.00%.

In other Western New England Bancorp news, Director Philip R. Smith purchased 4,000 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was purchased at an average cost of $10.29 per share, for a total transaction of $41,160.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.35% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. California Public Employees Retirement System grew its stake in shares of Western New England Bancorp by 7.5% in the 2nd quarter. California Public Employees Retirement System now owns 78,716 shares of the financial services provider’s stock valued at $866,000 after buying an additional 5,510 shares during the period. Dalton Greiner Hartman Maher & Co. grew its stake in shares of Western New England Bancorp by 42.8% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 289,534 shares of the financial services provider’s stock valued at $3,185,000 after buying an additional 86,812 shares during the period. Royce & Associates LP grew its stake in shares of Western New England Bancorp by 17.0% in the 2nd quarter. Royce & Associates LP now owns 491,754 shares of the financial services provider’s stock valued at $5,409,000 after buying an additional 71,300 shares during the period. Renaissance Technologies LLC grew its stake in shares of Western New England Bancorp by 7.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,574,409 shares of the financial services provider’s stock valued at $17,318,000 after buying an additional 102,982 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Western New England Bancorp by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,161,545 shares of the financial services provider’s stock valued at $23,020,000 after buying an additional 84,320 shares during the period. Institutional investors own 55.52% of the company’s stock.

Western New England Bancorp Company Profile

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides community banking products and services to individuals and businesses. The company accepts various deposit accounts, including time deposits, money market accounts, savings accounts, demand accounts, and interest bearing checking accounts.

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Earnings History and Estimates for Western New England Bancorp (NASDAQ:WNEB)

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