Headlines about Western New England Bancorp (NASDAQ:WNEB) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western New England Bancorp earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.6563514013183 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Western New England Bancorp (NASDAQ:WNEB) traded down $0.05 during trading on Wednesday, hitting $10.75. 4,498 shares of the stock traded hands, compared to its average volume of 39,352. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.96 and a quick ratio of 0.96. Western New England Bancorp has a 1 year low of $9.30 and a 1 year high of $11.25. The company has a market capitalization of $332.31, a PE ratio of 26.34 and a beta of 0.42.
Western New England Bancorp (NASDAQ:WNEB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $17.35 million during the quarter, compared to the consensus estimate of $17.51 million. Western New England Bancorp had a net margin of 14.93% and a return on equity of 5.99%. analysts forecast that Western New England Bancorp will post 0.56 earnings per share for the current year.
Several analysts have recently commented on the stock. Sandler O’Neill initiated coverage on shares of Western New England Bancorp in a report on Tuesday, December 5th. They issued a “buy” rating and a $13.00 target price for the company. BidaskClub upgraded shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Zacks Investment Research reiterated a “hold” rating on shares of Western New England Bancorp in a research report on Saturday, January 6th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $11.50 target price on shares of Western New England Bancorp in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.88.
In other news, SVP Cidalia Inacio sold 12,125 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $10.69, for a total transaction of $129,616.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.58% of the company’s stock.
Western New England Bancorp Company Profile
Western New England Bancorp, Inc, formerly Westfield Financial, Inc, is a Massachusetts-chartered stock holding company. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products.
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