Western New England Bancorp (NASDAQ:WNEB) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Western New England Bancorp (NASDAQ:WNEB) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04, Zacks reports. Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%.

Western New England Bancorp Price Performance

Shares of Western New England Bancorp stock traded down $0.03 during mid-day trading on Tuesday, reaching $8.88. 38,882 shares of the stock were exchanged, compared to its average volume of 45,205. Western New England Bancorp has a fifty-two week low of $6.00 and a fifty-two week high of $10.08. The company has a market cap of $186.66 million, a price-to-earnings ratio of 17.08 and a beta of 0.70. The firm has a 50-day simple moving average of $9.20 and a 200 day simple moving average of $8.75. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

Insider Activity

In other news, SVP Darlene M. Libiszewski sold 5,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $9.18, for a total transaction of $45,900.00. Following the completion of the sale, the senior vice president now owns 16,020 shares in the company, valued at $147,063.60. The trade was a 23.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.80% of the stock is currently owned by corporate insiders.

Western New England Bancorp Company Profile

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.