Western New England Bancorp (NASDAQ:WNEB – Get Free Report) had its target price raised by analysts at Piper Sandler from $7.00 to $8.50 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price target points to a potential upside of 0.12% from the stock’s previous close.
Western New England Bancorp Stock Performance
Shares of WNEB opened at $8.49 on Wednesday. The stock has a market capitalization of $183.64 million, a PE ratio of 14.15 and a beta of 0.69. Western New England Bancorp has a 12-month low of $6.00 and a 12-month high of $9.25. The business’s fifty day moving average price is $6.90 and its 200 day moving average price is $7.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.95 and a quick ratio of 0.95.
Western New England Bancorp (NASDAQ:WNEB – Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.06. Western New England Bancorp had a net margin of 11.33% and a return on equity of 5.74%. The firm had revenue of $30.64 million for the quarter, compared to analyst estimates of $18.22 million. Equities research analysts forecast that Western New England Bancorp will post 0.49 EPS for the current 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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