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

Western New England Bancorp (NASDAQ:WNEB) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04, Zacks reports. Western New England Bancorp had a net margin of 9.05% and a return on equity of 4.58%. During the same period last year, the firm posted $0.12 earnings per share.

Western New England Bancorp Price Performance

WNEB stock opened at $8.88 on Wednesday. The company has a market capitalization of $186.66 million, a P/E ratio of 17.08 and a beta of 0.70. The company has a fifty day moving average price of $9.20 and a 200-day moving average price of $8.76. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.95. Western New England Bancorp has a 52-week low of $6.00 and a 52-week high of $10.08.

Insider Buying and Selling

In other Western New England Bancorp news, SVP Darlene M. Libiszewski sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $9.18, for a total transaction of $45,900.00. Following the completion of the transaction, the senior vice president now owns 16,020 shares in the company, valued at approximately $147,063.60. This trade represents a 23.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.80% of the stock is currently owned by 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.