Western New England Bancorp
WNEB

$8.71

0.57%

Market Cap: $186M

About: Western New England Bancorp Inc through its bank subsidiary, provides a range of financial services to individuals and companies in western Massachusetts and northern Connecticut. These services include commercial lending, residential lending and consumer lending, checking, savings and time deposits, cash management, and wealth management. Substantially all of the Company's revenues, profits, and assets are derived by the Bank from banking products and services.

Employees: 348

Financials Savings Institution, Federally Chartered

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

3.23% less ownership

Funds ownership: 56.44% [Q1] → 53.21% (-3.23%) [Q2]

10% less funds holding

Funds holding: 71 [Q1] → 64 (-7) [Q2]

15% less capital invested

Capital invested by funds: $93.2M [Q1] → $79.2M (-$14M) [Q2]

44% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 27

58% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 12

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$8.50

2%

downside

Avg. target

$8.50

2%

downside

High target

$8.50

2%

downside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Piper Sandler

Mark Fitzgibbon

75% 1-year accuracy

6 / 8 met price target

2%downside

$8.50

Neutral

Maintained

24 Jul 2024

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Financial journalist opinion

Zacks Investment Research

Western New England Bancorp (WNEB) Reports Q2 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for Western New England Bancorp (WNEB) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Western New England Bancorp (WNEB) Reports Q2 Earnings: What Key Metrics Have to Say

Zacks Investment Research

Western New England Bancorp (WNEB) Q2 Earnings and Revenues Surpass Estimates

Western New England Bancorp (WNEB) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.13 per share a year ago.

Western New England Bancorp (WNEB) Q2 Earnings and Revenues Surpass Estimates

Western New England Bancorp, Inc. Reports Results for Three and Six Months Ended June 30, 2024 and Declares Quarterly Cash Dividend

WESTFIELD, Mass., July 23, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and six months ended June 30, 2024. For the three months ended June 30, 2024, the Company reported net income of $3.5 million, or $0.17 per diluted share, compared to net income of $2.8 million, or $0.13 per diluted share, for the three months ended June 30, 2023. On a linked quarter basis, net income was $3.5 million, or $0.17 per diluted share, as compared to net income of $3.0 million, or $0.14 per diluted share, for the three months ended March 31, 2024. For the six months ended June 30, 2024, net income was $6.5 million, or $0.31 per diluted share, compared to net income of $8.1 million, or $0.37 per diluted share, for the six months ended June 30, 2023.

Western New England Bancorp, Inc. Reports Results for Three and Six Months Ended June 30, 2024 and Declares Quarterly Cash Dividend

Zacks Investment Research

Western New England Bancorp (WNEB) Soars 9.0%: Is Further Upside Left in the Stock?

Western New England Bancorp (WNEB) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Western New England Bancorp (WNEB) Soars 9.0%: Is Further Upside Left in the Stock?

Western New England Bancorp, Inc. Announces Completion of 2022 Repurchase Plan

WESTFIELD, Mass., June 10, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced that on June 6, 2024, the Company completed all repurchases under its existing stock repurchase plan (“2022 Repurchase Plan”) at an average price per share of $7.34. The Board of Directors of the Company authorized the 2022 Repurchase Plan on July 26, 2022.

Western New England Bancorp, Inc. Announces Completion of 2022 Repurchase Plan

Western New England Bancorp, Inc. Announces Authorization of Repurchase Plan

WESTFIELD, Mass., May 22, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced that on May 21, 2024, the Board of Directors authorized a new stock repurchase plan (“2024 Plan”), pursuant to which the Company may repurchase up to 1.0 million shares, or approximately 4.6%, of the Company's outstanding shares of common stock, upon the completion of the 2022 Plan.

Western New England Bancorp, Inc. Announces Authorization of Repurchase Plan

Zacks Investment Research

Western New England Bancorp (WNEB) Reports Q1 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for Western New England Bancorp (WNEB) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Western New England Bancorp (WNEB) Reports Q1 Earnings: What Key Metrics Have to Say

Western New England Bancorp, Inc. Reports Results for Three Months Ended March 31, 2024 and Declares Quarterly Cash Dividend

WESTFIELD, Mass., April 23, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three months ended March 31, 2024. The Company reported net income of $3.0 million, or $0.14 per diluted share, for the three months ended March 31, 2024, compared to net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2023. On a linked quarter basis, net income was $3.0 million, or $0.14 per diluted share, as compared to net income of $2.5 million, or $0.12 per diluted share, for the three months ended December 31, 2023.

Western New England Bancorp, Inc. Reports Results for Three Months Ended March 31, 2024 and Declares Quarterly Cash Dividend

Zacks Investment Research

Western New England Bancorp (WNEB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

The headline numbers for Western New England Bancorp (WNEB) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Western New England Bancorp (WNEB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Western New England Bancorp (WNEB) Lags Q4 Earnings Estimates

Western New England Bancorp (WNEB) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.42 per share a year ago.

Western New England Bancorp (WNEB) Lags Q4 Earnings Estimates

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