Western New England Bancorp, Inc. (NASDAQ:WNEB – Get Free Report) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Thursday, November 7th will be given a dividend of 0.07 per share by the financial services provider on Thursday, November 21st. This represents a $0.28 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Thursday, November 7th.
Western New England Bancorp has raised its dividend payment by an average of 11.9% per year over the last three years. Western New England Bancorp has a dividend payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Western New England Bancorp to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 47.5%.
Western New England Bancorp Price Performance
Shares of WNEB stock opened at $8.71 on Friday. Western New England Bancorp has a fifty-two week low of $6.00 and a fifty-two week high of $9.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $188.38 million, a price-to-earnings ratio of 14.52 and a beta of 0.69. The stock’s 50-day simple moving average is $8.68 and its 200-day simple moving average is $7.55.
Analyst Ratings Changes
WNEB has been the topic of several recent research reports. Seaport Res Ptn lowered Western New England Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Janney Montgomery Scott lowered Western New England Bancorp from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Finally, Piper Sandler upped their price objective on shares of Western New England Bancorp from $7.00 to $8.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Western New England Bancorp has an average rating of “Hold” and an average target price of $8.00.
View Our Latest Research Report on Western New England Bancorp
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.
See Also
- Five stocks we like better than Western New England Bancorp
- Profitably Trade Stocks at 52-Week Highs
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- 3 Best Fintech Stocks for a Portfolio Boost
- The Downtrend in UPS Stock Isn’t Over Yet
Receive News & Ratings for Western New England Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western New England Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.