Western New England Bancorp Inc (WNEB) Declares Quarterly Dividend of $0.04

Western New England Bancorp Inc (NASDAQ:WNEB) announced a quarterly dividend on Wednesday, January 31st, Wall Street Journal reports. Shareholders of record on Wednesday, February 14th will be given a dividend of 0.04 per share by the financial services provider on Wednesday, February 28th. This represents a $0.16 annualized dividend and a yield of 1.47%. The ex-dividend date is Tuesday, February 13th. This is a positive change from Western New England Bancorp’s previous quarterly dividend of $0.03.

Western New England Bancorp (WNEB) traded down $0.20 on Wednesday, reaching $10.85. 56,749 shares of the company’s stock traded hands, compared to its average volume of 34,801. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $333.91, a price-to-earnings ratio of 22.14 and a beta of 0.39. Western New England Bancorp has a 12 month low of $9.15 and a 12 month high of $11.25.

WNEB has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.00 target price on shares of Western New England Bancorp in a report on Tuesday, October 3rd. Compass Point lowered shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Western New England Bancorp from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, October 31st. Piper Jaffray Companies lowered shares of Western New England Bancorp from an “overweight” rating to a “neutral” rating and set a $10.50 target price on the stock. in a report on Friday, November 3rd. Finally, Sandler O’Neill initiated coverage on shares of Western New England Bancorp in a report on Tuesday, December 5th. They issued a “buy” rating and a $13.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.80.

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About Western New England Bancorp

Western New England Bancorp, Inc, formerly Westfield Financial, Inc, is a Massachusetts-chartered stock holding company. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products.

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

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