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Western New England Bancorp Stock

Western New England Bancorp ROA 2024

Western New England Bancorp ROA

0.01

Ticker

WNEB

ISIN

US9588921018

WKN

A2AT5D

In 2024, Western New England Bancorp's return on assets (ROA) was 0.01, a -42.06% increase from the 0.01 ROA in the previous year.

Western New England Bancorp Aktienanalyse

What does Western New England Bancorp do?

Western New England Bancorp Inc is a bank holding company that was founded in 1853 and is headquartered in Westfield, Massachusetts. The company operates several subsidiaries, including Westfield Bank, Hartford Internet Deposit Account, 1853 Ventures, and WB Real Estate Holdings. The bank was originally founded in 1853 as Westfield Savings Bank and was originally a mutual savings bank. In 2002, the bank changed its status to a publicly traded company and changed its name to Westfield Financial Inc. Business Model Western New England Bancorp Inc is a financial institution that specializes in providing financial services to retail customers, small and medium-sized businesses, and institutional investors. The bank offers a wide range of financial products and services, including lending, deposits, consumer loans, commercial loans, mortgages, and investment services. Divisions and Products Westfield Bank is the main subsidiary of Western New England Bancorp Inc. It offers a variety of deposit and loan products, including checking accounts, savings accounts, CDs, credit cards, mortgages, auto loans, commercial real estate loans, and working capital loans. The bank operates a total of 25 branches in Western Massachusetts and Connecticut and also offers online banking services through its website. 1853 Ventures is a subsidiary that focuses on providing no-fee banking and other digital banking services. The company offers deposit and loan services and works closely with other fintech companies to develop innovative solutions for its customers. WB Real Estate Holdings is a subsidiary that focuses on acquiring, developing, and managing commercial real estate projects. The company acquires and manages properties in Western Massachusetts and Connecticut and leverages synergies with other subsidiaries of Western New England Bancorp Inc to be successful. Hartford Internet Deposit Account is an FDIC-insured deposit and money market fund service offered by Westfield Bank, which allows customers to make deposits and withdrawals from their computer or mobile device. The service is available to customers throughout the state of Connecticut. Western New England Bancorp Inc is a company that strives to adapt and grow to meet the needs of its customers. The company has experienced strong expansion in recent years and has expanded its portfolio to include new business segments and products. Customers can rely on Western New England Bancorp Inc for competent and reliable financial services. Western New England Bancorp ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Western New England Bancorp's Return on Assets (ROA)

Western New England Bancorp's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Western New England Bancorp's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Western New England Bancorp's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Western New England Bancorp’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Western New England Bancorp stock

What is the Return on Assets (ROA) of Western New England Bancorp this year?

The Return on Assets (ROA) of Western New England Bancorp is 0.01 undefined this year.

What was the ROA of Western New England Bancorp compared to the previous year?

The ROA of Western New England Bancorp has increased by -42.06% compared to the previous year.

What consequences do high ROA have for investors of Western New England Bancorp?

A high ROA is advantageous for investors of Western New England Bancorp, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Western New England Bancorp?

A low ROA can be unfavorable for investors of Western New England Bancorp as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Western New England Bancorp affect the company?

An increase in ROA of Western New England Bancorp can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Western New England Bancorp impact the company?

A reduction in the ROA of Western New England Bancorp can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Western New England Bancorp?

Some factors that can influence the ROA of Western New England Bancorp include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Western New England Bancorp important for investors?

The ROA of Western New England Bancorp is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Western New England Bancorp take to improve ROA?

To improve ROA, Western New England Bancorp can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

How much dividend does Western New England Bancorp pay?

Over the past 12 months, Western New England Bancorp paid a dividend of 0.28 USD . This corresponds to a dividend yield of about 3.31 %. For the coming 12 months, Western New England Bancorp is expected to pay a dividend of 0.3 USD.

What is the dividend yield of Western New England Bancorp?

The current dividend yield of Western New England Bancorp is 3.31 %.

When does Western New England Bancorp pay dividends?

Western New England Bancorp pays a quarterly dividend. This is distributed in the months of September, December, March, June.

How secure is the dividend of Western New England Bancorp?

Western New England Bancorp paid dividends every year for the past 23 years.

What is the dividend of Western New England Bancorp?

For the upcoming 12 months, dividends amounting to 0.3 USD are expected. This corresponds to a dividend yield of 3.6 %.

In which sector is Western New England Bancorp located?

Western New England Bancorp is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Western New England Bancorp kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Western New England Bancorp from 5/22/2024 amounting to 0.07 USD, you needed to have the stock in your portfolio before the ex-date on 5/7/2024.

When did Western New England Bancorp pay the last dividend?

The last dividend was paid out on 5/22/2024.

What was the dividend of Western New England Bancorp in the year 2023?

In the year 2023, Western New England Bancorp distributed 0.24 USD as dividends.

In which currency does Western New England Bancorp pay out the dividend?

The dividends of Western New England Bancorp are distributed in USD.

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Andere Kennzahlen von Western New England Bancorp

Our stock analysis for Western New England Bancorp Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Western New England Bancorp Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.