
WNEB Stock Forecast & Price Target
WNEB Analyst Ratings
Bulls say
Western New England Bancorp Inc demonstrated a positive financial trajectory, with total deposits increasing by 1.3% quarter-over-quarter, indicating stable customer confidence and engagement. The modest rise in non-performing loans (NPLs) to 0.31% reflects effective risk management, maintaining a comparatively low level of loan delinquencies in the market. Additionally, the increase in the yield on interest-earning assets to 4.30% coupled with a revised earnings per share (EPS) estimate for 2023 suggests a strengthening profitability outlook, supporting a positive assessment of the company's financial health.
Bears say
The analysis indicates a negative outlook for Western New England Bancorp Inc, primarily driven by a decline in the net interest margin (NIM), which fell to 2.59% and 2.72%, respectively, each reflecting quarterly declines that were slightly below expectations. Additionally, total deposits remained flat while core deposits decreased by approximately 3%, further contributing to a decrease in the tangible common equity (TCE) ratio, which declined to 8.42% and suggests a potential weakening in financial stability. The adjustments to the earnings per share estimates for 2024 and 2025, coupled with recent declines in tangible book value per share, underscore ongoing challenges that may impact long-term growth prospects.
This aggregate rating is based on analysts' research of Western New England Bancorp and is not a guaranteed prediction by Public.com or investment advice.
WNEB Analyst Forecast & Price Prediction
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