Western New England Bancorp (NASDAQ:WNEB) Issues Quarterly Earnings Results

Western New England Bancorp (NASDAQ:WNEB) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.

Western New England Bancorp Stock Performance

WNEB traded down $0.03 on Tuesday, reaching $8.88. 38,882 shares of the stock were exchanged, compared to its average volume of 45,205. 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 price is $9.20 and its 200 day moving average price is $8.75. The firm 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 fifty-two week low of $6.00 and a fifty-two week high of $10.08.

Insider Transactions at Western New England Bancorp

In other Western New England Bancorp news, SVP Darlene M. Libiszewski sold 5,000 shares of Western New England Bancorp stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $9.18, for a total transaction of $45,900.00. Following the completion of the transaction, the senior vice president now owns 16,020 shares in the company, valued at approximately $147,063.60. This trade represents a 23.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.80% of the company’s stock.

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.