Western New England Bancorp (WNEB) Projected to Post Quarterly Earnings on Tuesday

Western New England Bancorp (NASDAQ:WNEB) is projected to issue its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.

Western New England Bancorp (NASDAQ:WNEB) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $30.98 million during the quarter, compared to analysts’ expectations of $17.39 million. Western New England Bancorp had a net margin of 9.05% and a return on equity of 4.58%. On average, analysts expect Western New England Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Western New England Bancorp Trading Up 0.2 %

NASDAQ WNEB opened at $8.92 on Friday. The stock has a market capitalization of $187.48 million, a P/E ratio of 17.15 and a beta of 0.70. The firm has a 50-day moving average price of $9.20 and a 200 day moving average price of $8.72. Western New England Bancorp has a 52-week low of $6.00 and a 52-week high of $10.08. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.62.

Insiders Place Their Bets

In other Western New England Bancorp news, SVP Darlene M. Libiszewski sold 5,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $9.18, for a total transaction of $45,900.00. Following the transaction, the senior vice president now owns 16,020 shares of the company’s stock, valued at $147,063.60. This represents a 23.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.80% of the stock is owned by company insiders.

About Western New England Bancorp

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.