Western New England Bancorp Inc
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- Market Cap.:
- $138.46 million
- Book Value:
- Revenue TTM:
- $89.59 million
- Operating Margin TTM:
- Gross Profit TTM:
- $91.86 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Western New England Bancorp Inc had its IPO on 2002-05-02 under the ticker symbol WNEB.
The company operates in the Financial Services sector and Banks-Regional industry. Western New England Bancorp Inc has a staff strength of 289 employees.
Shares of Western New England Bancorp Inc opened at $6.34 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $6.24 - $6.46, and closed at $6.39.
This is a +1.91% increase from the previous day's closing price.
A total volume of 19,183 shares were traded at the close of the day’s session.
In the last one week, shares of Western New England Bancorp Inc have slipped by -0.31%.
Western New England Bancorp Inc's Key Ratios
Western New England Bancorp Inc has a market cap of $138.46 million, indicating a price to book ratio of 0.969 and a price to sales ratio of 2.3276.
In the last 12-months Western New England Bancorp Inc’s revenue was $89.59 million with a gross profit of $91.86 million and an EBITDA of $0. The EBITDA ratio measures Western New England Bancorp Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Western New England Bancorp Inc’s operating margin was 36.97% while its return on assets stood at 0.9% with a return of equity of 10.28%.
In Q2, Western New England Bancorp Inc’s quarterly earnings growth was a negative -48.9% while revenue growth was a negative 12.2%.
Western New England Bancorp Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $1.06 per share while it has a forward price to earnings multiple of 8.4459 and a PEG multiple of 1.63. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Western New England Bancorp Inc’s profitability.
Western New England Bancorp Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.3276.
Western New England Bancorp Inc stock pays annual dividends of $0.27 per share, indicating a yield of 4.47% and a payout ratio of 25.23%.
Balance sheet and cash flow metrics
- Total Assets
- $2.56 billion
- Total Liabilities
- $7.19 million
- Operating Cash Flow
- $7.48 million
- Capital Expenditure
- Dividend Payout Ratio
Western New England Bancorp Inc ended 2023 with $2.56 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.56 billion while shareholder equity stood at $234.00 million.
Western New England Bancorp Inc ended 2023 with $0 in deferred long-term liabilities, $7.19 million in other current liabilities, 221000.00 in common stock, $133.00 million in retained earnings and $12.49 million in goodwill. Its cash balance stood at $31.69 million and cash and short-term investments were $173.17 million. The company’s total short-term debt was $7,190,000 while long-term debt stood at $140.87 million.
Western New England Bancorp Inc’s total current assets stands at $173.17 million while long-term investments were $364.38 million and short-term investments were $141.48 million. Its net receivables were $7.81 million compared to accounts payable of $0 and inventory worth $0.
In 2023, Western New England Bancorp Inc's operating cash flow was $7.48 million while its capital expenditure stood at $799000.
Comparatively, Western New England Bancorp Inc paid $0.25 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Western New England Bancorp Inc stock is currently trading at $6.39 per share. It touched a 52-week high of $9.9742 and a 52-week low of $9.9742. Analysts tracking the stock have a 12-month average target price of $7.83.
Its 50-day moving average was $6.27 and 200-day moving average was $7.62 The short ratio stood at 0.84 indicating a short percent outstanding of 0%.
Around 1207.4% of the company’s stock are held by insiders while 5428.9% are held by institutions.
Frequently Asked Questions About Western New England Bancorp Inc
Similar Industry Stocks (Banks-Regional)
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. It also offers residential real estate loans, including first mortgages, home equity loans, and home equity lines, and secured by one-to-four family residential properties; commercial and industrial loans, such as letters of credit, revolving lines of credit, working capital, equipment financing, and term loans; commercial mortgage loans; construction and land development loans; home equity loans comprising home equity revolving loans and lines of credit; and consumer loans, including automobile, spa and pool, collateral, and personal lines of credit. In addition, the company provides automated teller machine (ATM), telephone and online banking, remote deposit capture, cash management, overdraft and safe deposit facility, and night deposit services. The company was formerly known as Westfield Financial, Inc. and changed its name to Western New England Bancorp, Inc. in October 2016. Western New England Bancorp, Inc. was founded in 1853 and is headquartered in Westfield, Massachusetts.