Western New England Bancorp Inc (NASDAQ:WNEB) Announces Quarterly Dividend of $0.05

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Western New England Bancorp Inc (NASDAQ:WNEB) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Wednesday, November 6th will be paid a dividend of 0.05 per share by the financial services provider on Wednesday, November 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Tuesday, November 5th.

Shares of Western New England Bancorp stock opened at $9.65 on Friday. Western New England Bancorp has a fifty-two week low of $8.50 and a fifty-two week high of $10.52. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $9.59 and a 200 day moving average price of $9.31. The firm has a market cap of $254.81 million, a P/E ratio of 17.23 and a beta of 0.21.

Western New England Bancorp (NASDAQ:WNEB) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $17.14 million for the quarter, compared to analyst estimates of $17.20 million. Western New England Bancorp had a return on equity of 5.93% and a net margin of 15.15%. As a group, equities research analysts anticipate that Western New England Bancorp will post 0.5 earnings per share for the current year.

Several brokerages recently issued reports on WNEB. DA Davidson reissued a “neutral” rating on shares of Western New England Bancorp in a research note on Monday, July 22nd. Zacks Investment Research downgraded shares of Western New England Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 26th. Finally, BidaskClub downgraded shares of Western New England Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $10.50.

About Western New England Bancorp

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, savings, business and municipal savings, money market and business sweep, and individual retirement accounts; time deposits; term certificates of deposit; and interest on lawyers trust accounts.

Read More: What is a dividend reinvestment plan?

Dividend History for Western New England Bancorp (NASDAQ:WNEB)

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