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

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, beating the consensus estimate of $0.12 by $0.04, Zacks reports. Western New England Bancorp had a return on equity of 4.58% and a net margin of 9.05%.

Western New England Bancorp Stock Down 0.3 %

Shares of WNEB stock traded down $0.03 during trading hours on Tuesday, hitting $8.88. 38,882 shares of the company were exchanged, compared to its average volume of 45,205. The company has a market capitalization of $186.66 million, a PE ratio of 17.08 and a beta of 0.70. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Western New England Bancorp has a 52 week low of $6.00 and a 52 week high of $10.08. The business has a 50 day moving average of $9.20 and a two-hundred day moving average of $8.75.

Insiders Place Their Bets

In other news, SVP Darlene M. Libiszewski sold 5,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $9.18, for a total value of $45,900.00. Following the sale, the senior vice president now owns 16,020 shares of the company’s stock, valued at $147,063.60. The trade was a 23.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.