Western New England BancorpWNEB
WNEB
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
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
200% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 4
13% more funds holding
Funds holding: 56 [Q3] → 63 (+7) [Q4]
9% more capital invested
Capital invested by funds: $100M [Q3] → $109M (+$9.13M) [Q4]
1.27% more ownership
Funds ownership: 55.35% [Q3] → 56.62% (+1.27%) [Q4]
5% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 19
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$11
18%
upside
Avg. target
$11
18%
upside
High target
$11
18%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Seaport Global Laurie Havener 100% 1-year accuracy 1 / 1 met price target | 18%upside $11 | Buy Upgraded | 29 Jan 2025 |
Financial journalist opinion
Based on 3 articles about WNEB published over the past 30 days
Neutral
Zacks Investment Research
3 weeks ago
Western New England Bancorp (WNEB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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 December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
3 weeks ago
Western New England Bancorp (WNEB) Surpasses Q4 Earnings and Revenue Estimates
Western New England Bancorp (WNEB) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.12 per share a year ago.
Neutral
GlobeNewsWire
3 weeks ago
Western New England Bancorp, Inc. Reports Results for Three Months and Year Ended December 31, 2024 and Declares Quarterly Cash Dividend
WESTFIELD, Mass., Jan. 28, 2025 (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 twelve months ended December 31, 2024. For the three months ended December 31, 2024, the Company reported net income of $3.3 million, or $0.16 per diluted share, compared to net income of $2.5 million, or $0.12 per diluted share, for the three months ended December 31, 2023. On a linked quarter basis, net income was $3.3 million, or $0.16 per diluted share, for the three months ended December 31, 2024, as compared to net income of $1.9 million, or $0.09 per diluted share, for the three months ended September 30, 2024. For the twelve months ended December 31, 2024, net income was $11.7 million, or $0.56 per diluted share, compared to net income of $15.1 million, or $0.70 per diluted share, for the twelve months ended December 31, 2023.
Positive
Zacks Investment Research
3 months ago
Western New England Bancorp (WNEB) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Western New England Bancorp (WNEB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Negative
Zacks Investment Research
3 months ago
Western New England Bancorp (WNEB) Q3 Earnings Miss Estimates
Western New England Bancorp (WNEB) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.21 per share a year ago.
Neutral
GlobeNewsWire
4 months ago
Western New England Bancorp, Inc. Reports Results for Three and Nine Months Ended September 30, 2024 and Declares Quarterly Cash Dividend
WESTFIELD, Mass., Oct. 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 nine months ended September 30, 2024. For the three months ended September 30, 2024, the Company reported net income of $1.9 million, or $0.09 per diluted share, compared to net income of $4.5 million, or $0.21 per diluted share, for the three months ended September 30, 2023. On a linked quarter basis, net income was $1.9 million, or $0.09 per diluted share, as compared to net income of $3.5 million, or $0.17 per diluted share, for the three months ended June 30, 2024. For the nine months ended September 30, 2024, net income was $8.4 million, or $0.40 per diluted share, compared to net income of $12.6 million, or $0.58 per diluted share, for the nine months ended September 30, 2023.
Neutral
Zacks Investment Research
7 months ago
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.
Positive
Zacks Investment Research
7 months ago
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.
Neutral
GlobeNewsWire
7 months ago
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.
Positive
Zacks Investment Research
7 months ago
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.
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