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 checking, business and municipal savings, money market and business sweep, individual retirement, and other savings accounts; time deposits; term certificates of deposit; and interest on lawyers trust accounts. It also offers residential and commercial real estate, commercial construction, working capital, equipment financing and term, home equity, and consumer loans; commercial and industrial loans, such as revolving 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. As of December 31, 2020, it operated a network of 25 banking offices, 25 free-standing ATMs, and 23 seasonal or temporary ATMS located in Agawam, Chicopee, Feeding Hills, East Longmeadow, Holyoke, Huntington, Ludlow, South Hadley, Southwick, Springfield, Ware, West Springfield and Westfield, Massachusetts and Bloomfield, Enfield, Granby, and West Hartford, Connecticut. 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.
IPO Year:
Exchange: NASDAQ
Website: westfieldbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/25/2024 | Buy → Neutral | Janney | |
| 7/24/2024 | Buy → Neutral | Seaport Research Partners | |
| 10/25/2023 | $7.50 | Outperform → Market Perform | Hovde Group |
| 9/12/2023 | $8.00 | Buy | Seaport Research Partners |
| 11/22/2022 | $10.00 | Overweight → Neutral | Piper Sandler |
| 9/17/2021 | Market Perform → Outperform | Hovde Group |
10-Q - Western New England Bancorp, Inc. (0001157647) (Filer)
8-K - Western New England Bancorp, Inc. (0001157647) (Filer)
10-Q - Western New England Bancorp, Inc. (0001157647) (Filer)
8-K - Western New England Bancorp, Inc. (0001157647) (Filer)
11-K - Western New England Bancorp, Inc. (0001157647) (Filer)
8-K - Western New England Bancorp, Inc. (0001157647) (Filer)
8-K - Western New England Bancorp, Inc. (0001157647) (Filer)
8-K - Western New England Bancorp, Inc. (0001157647) (Filer)
8-K - Western New England Bancorp, Inc. (0001157647) (Filer)
10-Q - Western New England Bancorp, Inc. (0001157647) (Filer)
Janney Montgomery Scott analyst Jake Civiello downgrades Western New England (NASDAQ:WNEB) from Buy to Neutral.
Seaport Global analyst Laurie Havener downgrades Western New England (NASDAQ:WNEB) from Buy to Neutral.
Piper Sandler analyst Mark Fitzgibbon maintains Western New England (NASDAQ:WNEB) with a Neutral and raises the price target from $7 to $8.5.
Western New England (NASDAQ:WNEB) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.11 by 54.55 percent. This is a 30.77 percent increase over earnings of $0.13 per share from the same period last year.
Piper Sandler analyst Mark Fitzgibbon reiterates Western New England (NASDAQ:WNEB) with a Neutral and lowers the price target from $9 to $7.5.
Western New England (NASDAQ:WNEB) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.12 by 16.67 percent. The company reported quarterly sales of $18.018 million which beat the analyst consensus estimate of $15.850 million by 13.68 percent. This is a 16.13 percent decrease over sales of $21.483 million the same period last year.
At the end of today, February 21, 2024, Western New England (NASDAQ:WNEB) will distribute a dividend payout of $0.07 per share, translating to an annualized dividend yield of 3.15%. Shareholders who held the stock before the ex-dividend date on February 06, 2024 will benefit from this payout. Western New England Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left;
Piper Sandler analyst Mark Fitzgibbon maintains Western New England (NASDAQ:WNEB) with a Neutral and raises the price target from $7 to $7.5.
Hovde Group analyst Nick Cucharale downgrades Western New England (NASDAQ:WNEB) from Outperform to Market Perform.
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
SC 13G/A - Western New England Bancorp, Inc. (0001157647) (Subject)
SC 13G/A - Western New England Bancorp, Inc. (0001157647) (Subject)
SC 13G/A - Western New England Bancorp, Inc. (0001157647) (Subject)
SC 13G/A - Western New England Bancorp, Inc. (0001157647) (Subject)
SC 13G/A - Western New England Bancorp, Inc. (0001157647) (Subject)
SC 13G/A - Western New England Bancorp, Inc. (0001157647) (Subject)
SC 13G/A - Western New England Bancorp, Inc. (0001157647) (Subject)
SC 13G/A - Western New England Bancorp, Inc. (0001157647) (Subject)
SC 13G/A - Western New England Bancorp, Inc. (0001157647) (Subject)
SC 13G/A - Western New England Bancorp, Inc. (0001157647) (Subject)
Janney downgraded Western New England Bancorp from Buy to Neutral
Seaport Research Partners downgraded Western New England Bancorp from Buy to Neutral
Hovde Group downgraded Western New England Bancorp from Outperform to Market Perform and set a new price target of $7.50
Seaport Research Partners initiated coverage of Western New England Bancorp with a rating of Buy and set a new price target of $8.00
Piper Sandler downgraded Western New England Bancorp from Overweight to Neutral and set a new price target of $10.00
Hovde Group upgraded Western New England Bancorp from Market Perform to Outperform
Hovde Group initiated coverage of Western New England Bancorp with a rating of Market Perform and set a new price target of $8.50
Janney upgraded Western New England Bancorp from Neutral to Buy
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
4 - Western New England Bancorp, Inc. (0001157647) (Issuer)
WESTFIELD, Mass., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and nine months ended September 30, 2024. For the three months ended September 30, 2024, the Company reported net income of $1.9 million, or $0.09 per diluted share, compared to net income of $4.5 million, or $0.21 per diluted share, for the three months ended September 30, 2023. On a linked quarter basis, net income was $1.9 million, or $0.09 per diluted share, as compared to net income of $3.5 million, or $0.17 per diluted share, for the three mo
WESTFIELD, Mass., July 23, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and six months ended June 30, 2024. For the three months ended June 30, 2024, the Company reported net income of $3.5 million, or $0.17 per diluted share, compared to net income of $2.8 million, or $0.13 per diluted share, for the three months ended June 30, 2023. On a linked quarter basis, net income was $3.5 million, or $0.17 per diluted share, as compared to net income of $3.0 million, or $0.14 per diluted share, for the three months ended March
WESTFIELD, Mass., June 10, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced that on June 6, 2024, the Company completed all repurchases under its existing stock repurchase plan ("2022 Repurchase Plan") at an average price per share of $7.34. The Board of Directors of the Company authorized the 2022 Repurchase Plan on July 26, 2022. On May 21, 2024, the Board of Directors of the Company authorized a new stock repurchase plan ("2024 Repurchase Plan"), pursuant to which the Company may repurchase up to 1.0 million shares, or approximately 4.6%, of the Company's outstanding shares
WESTFIELD, Mass., May 22, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced that on May 21, 2024, the Board of Directors authorized a new stock repurchase plan ("2024 Plan"), pursuant to which the Company may repurchase up to 1.0 million shares, or approximately 4.6%, of the Company's outstanding shares of common stock, upon the completion of the 2022 Plan. The Company may repurchase shares from time to time in open market transactions or through privately negotiated transactions at the Company's discretion or pursuant to any trading plan that may be adopted in accordance with
WESTFIELD, Mass., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and nine months ended September 30, 2023. For the three months ended September 30, 2023, the Company reported net income of $4.5 million, or $0.21 per diluted share, compared to net income of $6.0 million, or $0.28 per diluted share, for the three months ended September 30, 2022. On a linked quarter basis, net income was $4.5 million, or $0.21 per diluted share, as compared to net income of $2.8 million, or $0.13 per diluted share, for the three mo
WESTFIELD, Mass., July 25, 2023 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and six months ended June 30, 2023. For the three months ended June 30, 2023, the Company reported net income of $2.8 million, or $0.13 per diluted share, compared to net income of $5.5 million, or $0.25 per diluted share, for the three months ended June 30, 2022. On a linked quarter basis, net income was $2.8 million, or $0.13 per diluted share, as compared to net income of $5.3 million, or $0.24 per diluted share, for the three months ended March
WESTFIELD, Mass., April 25, 2023 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three months ended March 31, 2023. The Company reported net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2023, consistent with net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2022. On a linked quarter basis, net income was $5.3 million, or $0.24 per diluted share, as compared to net income of $9.0 million, or $0.42 per diluted share, for the three months ended Decem
WESTFIELD, Mass., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and twelve months ended December 31, 2022. For the three months ended December 31, 2022, the Company reported net income of $9.0 million, or $0.42 per diluted share, compared to net income of $6.2 million, or $0.28 per diluted share, for the three months ended December 31, 2021. On a linked quarter basis, net income was $9.0 million, or $0.42 per diluted share, as compared to net income of $6.0 million, or $0.28 per diluted share, for the three mon
WESTFIELD, Mass., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and nine months ended September 30, 2022. For the three months ended September 30, 2022, the Company reported net income of $6.0 million, or $0.28 per diluted share, compared to net income of $6.0 million, or $0.27 per diluted share, for the three months ended September 30, 2021. On a linked quarter basis, net income was $6.0 million, or $0.28 per diluted share, as compared to net income of $5.5 million, or $0.25 per diluted share, for the three mo
WESTFIELD, Mass., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced that on October 13, 2022, the Company completed its 2.4 million stock repurchase plan ("2021 Plan") at an average price per share of $8.40. The 2021 Plan was authorized on April 27, 2021. On July 26, 2022, the Board of Directors of the Company authorized a new stock repurchase plan, pursuant to which the Company may repurchase up to 1.1 million shares, or approximately 5%, of the Company's outstanding shares, upon the completion of the 2021 Plan. The Company may repurchase shares from time to time in
WESTFIELD, Mass., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and nine months ended September 30, 2024. For the three months ended September 30, 2024, the Company reported net income of $1.9 million, or $0.09 per diluted share, compared to net income of $4.5 million, or $0.21 per diluted share, for the three months ended September 30, 2023. On a linked quarter basis, net income was $1.9 million, or $0.09 per diluted share, as compared to net income of $3.5 million, or $0.17 per diluted share, for the three mo
WESTFIELD, Mass., July 23, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and six months ended June 30, 2024. For the three months ended June 30, 2024, the Company reported net income of $3.5 million, or $0.17 per diluted share, compared to net income of $2.8 million, or $0.13 per diluted share, for the three months ended June 30, 2023. On a linked quarter basis, net income was $3.5 million, or $0.17 per diluted share, as compared to net income of $3.0 million, or $0.14 per diluted share, for the three months ended March
WESTFIELD, Mass., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and nine months ended September 30, 2023. For the three months ended September 30, 2023, the Company reported net income of $4.5 million, or $0.21 per diluted share, compared to net income of $6.0 million, or $0.28 per diluted share, for the three months ended September 30, 2022. On a linked quarter basis, net income was $4.5 million, or $0.21 per diluted share, as compared to net income of $2.8 million, or $0.13 per diluted share, for the three mo
WESTFIELD, Mass., July 25, 2023 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and six months ended June 30, 2023. For the three months ended June 30, 2023, the Company reported net income of $2.8 million, or $0.13 per diluted share, compared to net income of $5.5 million, or $0.25 per diluted share, for the three months ended June 30, 2022. On a linked quarter basis, net income was $2.8 million, or $0.13 per diluted share, as compared to net income of $5.3 million, or $0.24 per diluted share, for the three months ended March
WESTFIELD, Mass., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and twelve months ended December 31, 2022. For the three months ended December 31, 2022, the Company reported net income of $9.0 million, or $0.42 per diluted share, compared to net income of $6.2 million, or $0.28 per diluted share, for the three months ended December 31, 2021. On a linked quarter basis, net income was $9.0 million, or $0.42 per diluted share, as compared to net income of $6.0 million, or $0.28 per diluted share, for the three mon
WESTFIELD, Mass., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and nine months ended September 30, 2022. For the three months ended September 30, 2022, the Company reported net income of $6.0 million, or $0.28 per diluted share, compared to net income of $6.0 million, or $0.27 per diluted share, for the three months ended September 30, 2021. On a linked quarter basis, net income was $6.0 million, or $0.28 per diluted share, as compared to net income of $5.5 million, or $0.25 per diluted share, for the three mo
WESTFIELD, Mass., July 26, 2022 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and six months ended June 30, 2022. For the three months ended June 30, 2022, the Company reported net income of $5.5 million, or $0.25 per diluted share, compared to net income of $5.7 million, or $0.24 per diluted share, for the three months ended June 30, 2021. On a linked quarter basis, net income was $5.5 million, or $0.25 per diluted share, as compared to net income of $5.3 million, or $0.24 per diluted share, for the three months ended March
WESTFIELD, Mass., April 26, 2022 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three months ended March 31, 2022. The Company reported net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2022, as compared to net income of $5.8 million, or $0.24 per diluted share, for the three months ended March 31, 2021. On a linked quarter basis, net income was $5.3 million, or $0.24 per diluted share, as compared to net income of $6.2 million, or $0.28 per diluted share, for the three months ended Decemb
WESTFIELD, Mass., July 27, 2021 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three and six months ended June 30, 2021. For the three months ended June 30, 2021, the Company reported net income of $5.7 million, or $0.24 per diluted share, compared to net income of $2.0 million, or $0.08 per diluted share, for the three months ended June 30, 2020. On a linked quarter basis, net income was $5.7 million, or $0.24 per diluted share, as compared to net income of $5.8 million, or $0.24 per diluted share, for the three months ended March
WESTFIELD, Mass., April 27, 2021 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NASDAQ:WNEB), the holding company for Westfield Bank (the "Bank"), announced today the unaudited results of operations for the three months ended March 31, 2021. The Company reported net income of $5.8 million, or $0.24 per diluted share, for the three months ended March 31, 2021, as compared to net income of $2.1 million, or $0.08 per diluted share, for the three months ended March 31, 2020. On a linked quarter basis, net income was $5.8 million, or $0.24 per diluted share, as compared to net income of $5.0 million, or $0.20 per diluted share, for the three months ended Decemb