Western New England Bancorp (NASDAQ:WNEB) Releases Earnings Results, Beats Estimates By $0.04 EPS

Western New England Bancorp (NASDAQ:WNEB) issued its earnings results on Tuesday. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04, Zacks reports. Western New England Bancorp had a net margin of 9.05% and a return on equity of 4.58%. During the same quarter last year, the firm earned $0.12 EPS.

Western New England Bancorp Price Performance

WNEB stock opened at $8.88 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50-day moving average is $9.20 and its 200-day moving average is $8.76. The stock has a market capitalization of $186.66 million, a PE ratio of 17.08 and a beta of 0.70. Western New England Bancorp has a 1 year low of $6.00 and a 1 year high of $10.08.

Insider Activity at Western New England Bancorp

In other Western New England Bancorp news, SVP Darlene M. Libiszewski sold 5,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were 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 in the company, valued at approximately $147,063.60. This represents a 23.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.80% of the stock is currently owned by corporate insiders.

Western New England Bancorp Company Profile

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.