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Western New England Bancorp Inc (NASDAQ: WNEB) |
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Price: $9.7100
$0.00 
0.000%
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| Day's High:
| $9.73
| Week Perf:
| 3.74 %
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| Day's Low: |
$ 9.63 |
30 Day Perf: |
10.59 % |
| Volume (M): |
9 |
52 Wk High: |
$ 9.76 |
| Volume (M$): |
$ 83 |
52 Wk Avg: |
$7.98 |
| Open: |
$9.71 |
52 Wk Low: |
$6.00 |
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| Market Capitalization (Millions $) |
203 |
| Shares
Outstanding (Millions) |
21 |
| Employees |
165 |
| Revenues (TTM) (Millions $) |
73 |
| Net Income (TTM) (Millions $) |
11 |
| Cash Flow (TTM) (Millions $) |
11 |
| Capital Exp. (TTM) (Millions $) |
2 |
Western New England Bancorp Inc
Western New England Bancorp Inc is a financial holding company that operates through its subsidiary, Westfield Bank. The company provides a range of banking and financial services to individuals and businesses in western Massachusetts and northern Connecticut. These services include checking and savings accounts, loans, mortgages, investment services, and various other wealth management products. Western New England Bancorp Inc focuses on building strong relationships with its customers and delivering personalized solutions to meet their financial needs. As a community bank, it also actively participates in community development and supports local organizations through donations and sponsorships.
Company Address: 141 Elm Street Westfield 1086 MA
Company Phone Number: 568-1911 Stock Exchange / Ticker: NASDAQ WNEB
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Customers Net Income fell by |
WNEB's Customers Net Profit Margin fell to |
-43.26 % |
3.05 %
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| Stock Performances by Major Competitors |
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| Western New England Bancorp Inc
Western New England Bancorp Inc, the holding company for Westfield Bank, recently announced its financial results for the April to June 30, 2024 period. While the company reported growth in EPS (earning per share), it faced challenges in revenue growth and exhibited inconsistent performance. This article will analyze the factors impacting their future results and discuss the concerns surrounding the company's revenue and market performance.
Revenue Challenges and Surprising Performance:
During the April to June 30, 2024 period, Western New England Bancorp Inc witnessed a modest revenue increase of 3.219%, reaching $18.60 million. Despite this, the company's revenue growth rate was considerably lower compared to the average performance of the Savings Banks sector, which experienced a reduction of 5.10%. This discrepancy raises concerns about Western New England Bancorp Inc's ability to compete effectively within its industry.
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| Dividend
Published Tue, Jul 23 2024 8:06 PM UTC
Western New England Bancorp, Inc. Reports Strong Financial Results for Q2 2024 and Declares Quarterly Dividend
WESTFIELD, Mass., July 23, 2024 Western New England Bancorp, Inc. (WNEB) announced its unaudited financial results for the three and six months ended June 30, 2024, showcasing a solid performance. The holding company for Westfield Bank reported a net income o...
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| Shares
Published Mon, Jun 10 2024 8:06 PM UTC
Western New England Bancorp Completes Stock Repurchase Plan, Share Price Stands at $6.50 -16.67% in Past 90 Days
Western New England Bancorp, Inc. (WNEB) recently announced the completion of all repurchases under its existing stock repurchase plan at an average price per share of $7.34. This news comes as the company s share price currently stands at $6.50, showing a dec...
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| Stock Market Announcement
Published Wed, May 22 2024 8:06 PM UTC
In a recent press release, Western New England Bancorp, Inc. (WNEB), the holding company for Westfield Bank, has announced the authorization of a new stock repurchase plan. The plan, known as the 2024 Plan, allows the company to repurchase up to 1.0 million shares, which accounts for approximately 4.6% of the company's outstanding shares of common stock. This comes...
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| Western New England Bancorp Inc
Western New England Bancorp Inc (WNEB) is facing a challenging road ahead as their most recent financial results paint a bleak picture of the company's performance. The company reported a significant decline in both top and bottom-line figures, with net profit per share plummeting by -41.67% and revenue falling by -15.093% year on year.
In the first quarter of 2024, revenue dropped to $18.57 million from $21.87 million in the same period in 2023, while earnings per share decreased to $0.14 from $0.24. This is a clear indication that the company is struggling to generate revenue and maintain profitability.
Furthermore, the S&Ls Savings Banks sector as a whole recorded a 67.27% growth in revenue in the first quarter of 2024 compared to the same period in 2023, highlighting the underperformance of Western New England Bancorp Inc in comparison to its industry peers.
The company's profitability metrics also took a hit, with operating margin decreasing to 20.4% and net margin shrinking to 15.95%. Operating earnings fell sharply by -45.69% to $3.788 million, showcasing the company's inability to control costs and improve operational efficiency.
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| Per Share |
Current |
| Earnings (TTM) |
0.52 $ |
| Revenues (TTM) |
3.46 $
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| Cash Flow (TTM) |
0.5 $ |
| Cash |
7.45 $
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| Book Value |
11.5 $
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| Dividend (TTM) |
0.28 $ |
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| Per Share |
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| Earnings (TTM) |
0.52 $
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| Revenues (TTM) |
3.46 $ |
| Cash Flow (TTM) |
0.5 $ |
| Cash |
7.45 $
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| Book Value |
11.5 $ |
| Dividend (TTM) |
0.28 $ |
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0.35%