Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Western New England Bancorp (WNEB) Stock Price
Media coverage about Western New England Bancorp (NASDAQ:WNEB) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Western New England Bancorp earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.0621371622941 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Local food pantry feeding western Massachusetts residents (wwlp.com)
- Pound soars to highest post-EU referendum level against the dollar as dovish Bank of England policymaker backs rate hike hopes (telegraph.co.uk)
- Western New England Bancorp, Inc. : WNEB-US: Dividend Analysis : August 09th, 2017 (record date) : By the numbers : September 11, 2017 (finance.yahoo.com)
- Western New England Bancorp (WNEB) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
Several equities analysts recently weighed in on WNEB shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $11.50 target price on shares of Western New England Bancorp in a research note on Friday, July 28th. ValuEngine upgraded shares of Western New England Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Western New England Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $11.67.
Western New England Bancorp (NASDAQ WNEB) traded up 0.48% during trading on Monday, reaching $10.45. 75,257 shares of the company’s stock traded hands. The firm has a market capitalization of $313.29 million, a PE ratio of 24.13 and a beta of 0.41. Western New England Bancorp has a one year low of $7.45 and a one year high of $10.95. The company has a 50-day moving average price of $9.91 and a 200 day moving average price of $10.20.
Western New England Bancorp (NASDAQ:WNEB) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). Western New England Bancorp had a net margin of 15.93% and a return on equity of 5.47%. The firm had revenue of $16.82 million during the quarter, compared to analysts’ expectations of $16.74 million. On average, analysts anticipate that Western New England Bancorp will post $0.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were given a $0.03 dividend. The ex-dividend date was Monday, August 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.15%. Western New England Bancorp’s payout ratio is currently 30.00%.
About Western New England Bancorp
Western New England Bancorp, Inc, formerly Westfield Financial, Inc, is a Massachusetts-chartered stock holding company. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products.
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