How Have the Numbers Shaped Up for Western New England Bancorp (NASDAQ:WNEB)

Earnings results for Western New England Bancorp (NASDAQ:WNEB)

Western New England Bancorp, Inc. is estimated to report earnings on 01/26/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.1. The reported EPS for the same quarter last year was $0.13.

Western New England Bancorp last issued its earnings results on November 1st, 2020. The financial services provider reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The firm earned $18.17 million during the quarter, compared to analyst estimates of $18.10 million. Western New England Bancorp has generated $0.51 earnings per share over the last year and currently has a price-to-earnings ratio of 15.9. Western New England Bancorp has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, January 26th, 2021 based off prior year’s report dates.

Analyst Opinion on Western New England Bancorp (NASDAQ:WNEB)

3 Wall Street analysts have issued ratings and price targets for Western New England Bancorp in the last 12 months. Their average twelve-month price target is $8.00, predicting that the stock has a possible upside of 22.51%. The high price target for WNEB is $9.50 and the low price target for WNEB is $7.00. There are currently 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Western New England Bancorp has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $8.00, Western New England Bancorp has a forecasted upside of 22.5% from its current price of $6.53. Western New England Bancorp has received no research coverage in the past 90 days.

Dividend Strength: Western New England Bancorp (NASDAQ:WNEB)

Western New England Bancorp pays a meaningful dividend of 3.00%, higher than the bottom 25% of all stocks that pay dividends. Western New England Bancorp does not have a long track record of dividend growth. The dividend payout ratio of Western New England Bancorp is 39.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Western New England Bancorp will have a dividend payout ratio of 48.78% next year. This indicates that Western New England Bancorp will be able to sustain or increase its dividend.

Insiders buying/selling: Western New England Bancorp (NASDAQ:WNEB)

In the past three months, Western New England Bancorp insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $49,009.00 in company stock. Only 5.57% of the stock of Western New England Bancorp is held by insiders. 52.80% of the stock of Western New England Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Western New England Bancorp (NASDAQ:WNEB

Earnings for Western New England Bancorp are expected to grow by 10.81% in the coming year, from $0.37 to $0.41 per share. The P/E ratio of Western New England Bancorp is 15.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.47. The P/E ratio of Western New England Bancorp is 15.93, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.07. Western New England Bancorp has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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