NasdaqGS:WNEB

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Western New England Bancorp

Executive Summary

Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides commercial and retail banking products and services to individuals and businesses.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Western New England Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WNEB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.0%

WNEB

8.9%

US Mortgage

1.9%

US Market


1 Year Return

-41.7%

WNEB

-17.4%

US Mortgage

16.4%

US Market

Return vs Industry: WNEB underperformed the US Mortgage industry which returned -18% over the past year.

Return vs Market: WNEB underperformed the US Market which returned 16.3% over the past year.


Shareholder returns

WNEBIndustryMarket
7 Day1.0%8.9%1.9%
30 Day-2.6%-4.5%4.5%
90 Day11.2%34.3%17.6%
1 Year-40.5%-41.7%-15.2%-17.4%18.9%16.4%
3 Year-43.6%-46.6%-2.4%-9.3%44.1%34.8%
5 Year-24.7%-30.7%7.8%-3.9%75.3%56.3%

Price Volatility Vs. Market

How volatile is Western New England Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Western New England Bancorp undervalued compared to its fair value and its price relative to the market?

12.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WNEB ($5.18) is trading above our estimate of fair value ($3.04)

Significantly Below Fair Value: WNEB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: WNEB is poor value based on its PE Ratio (12.3x) compared to the US Mortgage industry average (11.3x).

PE vs Market: WNEB is good value based on its PE Ratio (12.3x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: WNEB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: WNEB is good value based on its PB Ratio (0.6x) compared to the US Mortgage industry average (0.8x).


Next Steps

Future Growth

How is Western New England Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-11.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WNEB's earnings are forecast to decline over the next 3 years (-11.1% per year).

Earnings vs Market: WNEB's earnings are forecast to decline over the next 3 years (-11.1% per year).

High Growth Earnings: WNEB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: WNEB's revenue is expected to decline over the next 3 years (-1.7% per year).

High Growth Revenue: WNEB's revenue is forecast to decline over the next 3 years (-1.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if WNEB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Western New England Bancorp performed over the past 5 years?

19.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WNEB has high quality earnings.

Growing Profit Margin: WNEB's current net profit margins (17.4%) are lower than last year (21.9%).


Past Earnings Growth Analysis

Earnings Trend: WNEB's earnings have grown by 19.5% per year over the past 5 years.

Accelerating Growth: WNEB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WNEB had negative earnings growth (-25.4%) over the past year, making it difficult to compare to the Mortgage industry average (7.1%).


Return on Equity

High ROE: WNEB's Return on Equity (4.7%) is considered low.


Next Steps

Financial Health

How is Western New England Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: WNEB's Assets to Equity ratio (10.6x) is moderate.

Allowance for Bad Loans: WNEB has a sufficient allowance for bad loans (176%).

Low Risk Liabilities: 88% of WNEB's liabilities are made up of primarily low risk sources of funding.

Loan Level: WNEB has an appropriate level of Loans to Assets ratio (81%).

Low Risk Deposits: WNEB's Loans to Deposits ratio (102%) is appropriate.

Level of Bad Loans: WNEB has an appropriate level of bad loans (0.5%).


Next Steps

Dividend

What is Western New England Bancorp current dividend yield, its reliability and sustainability?

3.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WNEB's dividend (3.86%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: WNEB's dividend (3.86%) is low compared to the top 25% of dividend payers in the US market (4.35%).


Stability and Growth of Payments

Stable Dividend: WNEB's dividend payments have been volatile in the past 10 years.

Growing Dividend: WNEB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.5%), WNEB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.6yrs

Average management tenure


CEO

Jim Hagan (59 yo)

11.67yrs

Tenure

US$846,173

Compensation

Mr. James C. Hagan, also known as Jim, has been the Chief Executive Officer of Western New England Bancorp, Inc. (formerly Westfield Financial Inc.) and Westfield Bank since December 31, 2008. Mr. Hagan ha ...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD846.17K) is above average for companies of similar size in the US market ($USD593.36K).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James Hagan
President11.67yrsUS$846.17k0.78%
$ 1.0m
Guida Sajdak
CFO & Treasurer3.33yrsUS$370.60k0.083%
$ 110.2k
Allen Miles
Executive VP & Senior Lender15yrsUS$421.97k0.20%
$ 266.7k
Carole Hinkley
Assistant Vice President & Investment Officerno datano datano data
Darlene Libiszewski
Senior VP & Chief Information Officer3.83yrsno data0.12%
$ 162.7k
Meghan Hibner
Vice Presidentno datano datano data
Nadia Baral
Vice President & Director of Complianceno datano datano data
Daniel Marini
VP of Sales Administration & Marketingno datano datano data
Gerald Ciejka
SVP, General Counsel & Director of HRno dataUS$423.63k0.20%
$ 263.1k
Deborah McCarthy
SVP & Manager of the Deposit Operations Department and Electronic Banking Departments19.58yrsUS$197.52k0.26%
$ 345.5k
Leo Sagan
Senior VP & Chief Risk Officer3.33yrsUS$422.86k0.30%
$ 396.8k
Louis Gorman
Senior Vp of Credit Administration & Chief Credit Officer10.58yrsUS$292.32k0.15%
$ 204.7k

10.6yrs

Average Tenure

58yo

Average Age

Experienced Management: WNEB's management team is seasoned and experienced (10.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Hagan
President11.67yrsUS$846.17k0.78%
$ 1.0m
Gary Fitzgerald
Independent Director3.83yrsUS$40.78k0.052%
$ 69.6k
Philip Smith
Independent Director11.25yrsUS$52.58k0.17%
$ 222.5k
Steven Richter
Independent Director9.25yrsUS$35.38k0.16%
$ 218.7k
Paul Picknelly
Independent Director3.83yrsUS$35.08k0.31%
$ 412.9k
Gregg Orlen
Independent Director3.83yrsUS$36.28k0.21%
$ 282.6k
William Masse
Independent Director3.83yrsUS$36.28k0.17%
$ 222.4k
Donna Damon
Independent Director9.25yrsUS$36.28k0.18%
$ 239.4k
Laura Benoit
Independent Director6.25yrsUS$37.34k0.10%
$ 133.7k
Lisa McMahon
Independent Director6.25yrsUS$37.84k0.11%
$ 153.4k

6.3yrs

Average Tenure

61yo

Average Age

Experienced Board: WNEB's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: WNEB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Western New England Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Western New England Bancorp, Inc.
  • Ticker: WNEB
  • Exchange: NasdaqGS
  • Founded: 1853
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$133.546m
  • Shares outstanding: 25.68m
  • Website: https://www.westfieldbank.com

Number of Employees


Location

  • Western New England Bancorp, Inc.
  • 141 Elm Street
  • Westfield
  • Massachusetts
  • 1085
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WNEBNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 2001
489DB (Deutsche Boerse AG)YesCommon StockDEEURDec 2001

Biography

Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides commercial and retail banking products and services to individuals and businesses. The company accepts var ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 00:13
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.