Latest news with #WestfieldBank
Globe and Mail
03-06-2025
- Business
- Globe and Mail
Western New England Bancorp, Inc. Announces Completion of 2024 Repurchase Plan
WESTFIELD, Mass., June 03, 2025 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the 'Company' or 'WNEB') (NasdaqGS: WNEB), the holding company for Westfield Bank (the 'Bank'), announced that on May 30, 2025, the Company completed all repurchases under its existing stock repurchase plan (the '2024 Repurchase Plan') at an average price per share of $8.79. The 2024 Repurchase Plan authorized the Company to repurchase a total of 1.0 million shares of the Company's common stock, or approximately 4.6% of the Company's then-outstanding shares of common stock. The Board of Directors authorized the 2024 Repurchase Plan on May 21, 2024. On April 22, 2025, the Board of Directors of the Company authorized a new stock repurchase plan, pursuant to which the Company may repurchase up to 1.0 million shares, or approximately 4.8% of the Company's outstanding shares of common stock, upon the completion of the 2024 Repurchase Plan. James C. Hagan, President and Chief Executive Officer, commented, 'We are pleased to announce the completion of our 2024 Repurchase Plan. We believe that share repurchases are a prudent use of the Company's capital and demonstrate our commitment to effectively manage the Company's capital levels, while increasing total shareholder returns through stock repurchases as well as cash dividends.' 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 Rule 10b5-1 of the Securities Exchange Act of 1934. The amount, timing and nature of any share repurchases will be based on a variety of factors, including the trading price of the Company's common stock, applicable securities laws restrictions, regulatory limitations and market and economic factors. The repurchase program may be modified, suspended or discontinued at any time, at the Company's discretion. About Western New England Bancorp, Inc. Western New England Bancorp, Inc. is a Massachusetts-chartered stock holding company and the parent company of Westfield Bank, CSB Colts, Inc., Elm Street Securities Corporation, WFD Securities, Inc. and WB Real Estate Holdings, LLC. Western New England Bancorp, Inc. and its subsidiaries are headquartered in Westfield, Massachusetts and operate 25 banking offices throughout western Massachusetts and northern Connecticut. To learn more, visit our website at Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the Company's financial condition, liquidity, results of operations, future performance, and business. Forward-looking statements may be identified by the use of such words as 'believe,' 'expect,' 'anticipate,' 'should,' 'planned,' 'estimated,' and 'potential.' Examples of forward-looking statements include, but are not limited to, estimates with respect to our financial condition, results of operations and business that are subject to various factors which could cause actual results to differ materially from these estimates. Although we believe that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from the results discussed in these forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed under the caption 'Risk Factors' in Western New England Bancorp's Annual Report on Form 10-K for the year ended December 31, 2024 and in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. We do not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by law.
Yahoo
03-06-2025
- Business
- Yahoo
Western New England Bancorp, Inc. Announces Completion of 2024 Repurchase Plan
WESTFIELD, Mass., June 03, 2025 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the 'Company' or 'WNEB') (NasdaqGS: WNEB), the holding company for Westfield Bank (the 'Bank'), announced that on May 30, 2025, the Company completed all repurchases under its existing stock repurchase plan (the '2024 Repurchase Plan') at an average price per share of $8.79. The 2024 Repurchase Plan authorized the Company to repurchase a total of 1.0 million shares of the Company's common stock, or approximately 4.6% of the Company's then-outstanding shares of common stock. The Board of Directors authorized the 2024 Repurchase Plan on May 21, 2024. On April 22, 2025, the Board of Directors of the Company authorized a new stock repurchase plan, pursuant to which the Company may repurchase up to 1.0 million shares, or approximately 4.8% of the Company's outstanding shares of common stock, upon the completion of the 2024 Repurchase Plan. James C. Hagan, President and Chief Executive Officer, commented, 'We are pleased to announce the completion of our 2024 Repurchase Plan. We believe that share repurchases are a prudent use of the Company's capital and demonstrate our commitment to effectively manage the Company's capital levels, while increasing total shareholder returns through stock repurchases as well as cash dividends.' 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 Rule 10b5-1 of the Securities Exchange Act of 1934. The amount, timing and nature of any share repurchases will be based on a variety of factors, including the trading price of the Company's common stock, applicable securities laws restrictions, regulatory limitations and market and economic factors. The repurchase program may be modified, suspended or discontinued at any time, at the Company's discretion. About Western New England Bancorp, Inc. Western New England Bancorp, Inc. is a Massachusetts-chartered stock holding company and the parent company of Westfield Bank, CSB Colts, Inc., Elm Street Securities Corporation, WFD Securities, Inc. and WB Real Estate Holdings, LLC. Western New England Bancorp, Inc. and its subsidiaries are headquartered in Westfield, Massachusetts and operate 25 banking offices throughout western Massachusetts and northern Connecticut. To learn more, visit our website at Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the Company's financial condition, liquidity, results of operations, future performance, and business. Forward-looking statements may be identified by the use of such words as 'believe,' 'expect,' 'anticipate,' 'should,' 'planned,' 'estimated,' and 'potential.' Examples of forward-looking statements include, but are not limited to, estimates with respect to our financial condition, results of operations and business that are subject to various factors which could cause actual results to differ materially from these estimates. Although we believe that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from the results discussed in these forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed under the caption 'Risk Factors' in Western New England Bancorp's Annual Report on Form 10-K for the year ended December 31, 2024 and in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. We do not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by law. For further information contact:James C. Hagan, President and Chief Executive OfficerGuida R. Sajdak, Executive Vice President and Chief Financial OfficerMeghan Hibner, First Vice President and Investor Relations Officer413-568-1911
Yahoo
30-01-2025
- Business
- Yahoo
3 US Dividend Stocks To Consider With At Least 3% Yield
With the Federal Reserve maintaining its key interest rate amid persistent inflation and market volatility, investors are increasingly focusing on stable income-generating opportunities. In such an environment, dividend stocks with yields of at least 3% can offer a reliable income stream while potentially providing some cushion against market fluctuations. Name Dividend Yield Dividend Rating Columbia Banking System (NasdaqGS:COLB) 5.21% ★★★★★★ Interpublic Group of Companies (NYSE:IPG) 4.59% ★★★★★★ Peoples Bancorp (NasdaqGS:PEBO) 4.88% ★★★★★★ Southside Bancshares (NYSE:SBSI) 4.58% ★★★★★★ Dillard's (NYSE:DDS) 5.67% ★★★★★★ Citizens & Northern (NasdaqCM:CZNC) 5.01% ★★★★★★ Farmers National Banc (NasdaqCM:FMNB) 4.83% ★★★★★★ CompX International (NYSEAM:CIX) 4.69% ★★★★★★ First Interstate BancSystem (NasdaqGS:FIBK) 5.72% ★★★★★★ Ennis (NYSE:EBF) 4.84% ★★★★★★ Click here to see the full list of 136 stocks from our Top US Dividend Stocks screener. We're going to check out a few of the best picks from our screener tool. Simply Wall St Dividend Rating: ★★★★★☆ Overview: ConnectOne Bancorp, Inc. is a bank holding company for ConnectOne Bank, offering commercial banking products and services to small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market, with a market cap of $907.19 million. Operations: ConnectOne Bancorp, Inc. generates its revenue primarily from its Community Banking segment, which accounts for $248.64 million. Dividend Yield: 3% ConnectOne Bancorp offers a stable dividend profile with a current yield of 3.02%, although this is lower than the top quartile of US dividend payers. The company's dividends are well covered by earnings, with a payout ratio of 40.9% and forecasted to decrease to 25.7% in three years, indicating sustainability. Recent activities include completing a share buyback program worth US$58.74 million and filing for shelf registration, which may impact future capital structure decisions. Dive into the specifics of ConnectOne Bancorp here with our thorough dividend report. The analysis detailed in our ConnectOne Bancorp valuation report hints at an deflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Western New England Bancorp, Inc. is the holding company for Westfield Bank, offering a variety of commercial and retail banking products and services to individuals and businesses, with a market cap of $184.69 million. Operations: Western New England Bancorp, Inc. generates revenue through its subsidiary, Westfield Bank, by providing a diverse array of banking products and services tailored to both individual and business clients. Dividend Yield: 3% Western New England Bancorp's dividend yield of 3.01% is below the top quartile of US dividend payers and has been volatile over the past decade. Despite this, dividends are currently covered by earnings with a payout ratio of 54.2%, expected to improve to 40.4% in three years, suggesting future sustainability. Recent financials show improved net income and stable earnings per share, alongside a continued share buyback program totaling US$4.4 million, indicating shareholder value efforts. Click here to discover the nuances of Western New England Bancorp with our detailed analytical dividend report. Upon reviewing our latest valuation report, Western New England Bancorp's share price might be too optimistic. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Valero Energy Corporation is involved in the manufacturing, marketing, and selling of petroleum-based and low-carbon liquid transportation fuels and petrochemical products across various regions including the United States, Canada, and internationally, with a market cap of approximately $43.73 billion. Operations: Valero Energy's revenue segments include Ethanol at $4.70 billion, Renewable Diesel at $5.45 billion, and Refining (excluding Renewable Diesel) at $128.08 billion. Dividend Yield: 3.1% Valero Energy's recent dividend increase to US$1.13 per share highlights its commitment to returning value to shareholders, despite a lower net profit margin of 2.9% compared to last year. Trading at a significant discount to estimated fair value, Valero offers a stable dividend yield of 3.07%, covered by both earnings and cash flows with payout ratios of 37.5% and 22.6%, respectively, ensuring sustainability amidst executive changes and upcoming earnings reports. Click to explore a detailed breakdown of our findings in Valero Energy's dividend report. According our valuation report, there's an indication that Valero Energy's share price might be on the cheaper side. Embark on your investment journey to our 136 Top US Dividend Stocks selection here. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:CNOB NasdaqGS:WNEB and NYSE:VLO. Have feedback on this article? Concerned about the content? with us directly. 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