Western New England Bancorp (NASDAQ:WNEB – Get Free Report)‘s stock had its “neutral” rating reaffirmed by analysts at Piper Sandler in a research report issued on Wednesday, Benzinga reports. They presently have a $7.50 target price on the financial services provider’s stock, down from their prior target price of $9.00. Piper Sandler’s price objective would suggest a potential upside of 15.92% from the stock’s current price.
Western New England Bancorp Trading Up 0.3 %
Shares of Western New England Bancorp stock traded up $0.02 during trading on Wednesday, hitting $6.47. The stock had a trading volume of 12,249 shares, compared to its average volume of 40,667. The firm’s fifty day simple moving average is $7.60 and its 200-day simple moving average is $7.89. The stock has a market cap of $140.46 million, a PE ratio of 9.27 and a beta of 0.61. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.95 and a quick ratio of 0.95. Western New England Bancorp has a 12 month low of $5.58 and a 12 month high of $9.25.
Western New England Bancorp (NASDAQ:WNEB – Get Free Report) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). Western New England Bancorp had a return on equity of 6.44% and a net margin of 13.45%. The firm had revenue of $18.89 million during the quarter, compared to the consensus estimate of $18.67 million. As a group, sell-side analysts expect that Western New England Bancorp will post 0.56 EPS for the current fiscal year.
Institutional Investors Weigh In On Western New England Bancorp
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.
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