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Is Western New England Bancorp (WNEB) a Great Value Stock Right Now?
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is Western New England Bancorp (WNEB - Free Report) . WNEB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 7.38, while its industry has an average P/E of 7.80. Over the past 52 weeks, WNEB's Forward P/E has been as high as 12.29 and as low as 7.28, with a median of 10.28.
Another notable valuation metric for WNEB is its P/B ratio of 0.76. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.23. Over the past year, WNEB's P/B has been as high as 1.05 and as low as 0.75, with a median of 0.92.
Finally, our model also underscores that WNEB has a P/CF ratio of 5.71. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 11.88. Within the past 12 months, WNEB's P/CF has been as high as 9.03 and as low as 5.61, with a median of 7.09.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Western New England Bancorp is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, WNEB feels like a great value stock at the moment.
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Is Western New England Bancorp (WNEB) a Great Value Stock Right Now?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is Western New England Bancorp (WNEB - Free Report) . WNEB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 7.38, while its industry has an average P/E of 7.80. Over the past 52 weeks, WNEB's Forward P/E has been as high as 12.29 and as low as 7.28, with a median of 10.28.
Another notable valuation metric for WNEB is its P/B ratio of 0.76. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.23. Over the past year, WNEB's P/B has been as high as 1.05 and as low as 0.75, with a median of 0.92.
Finally, our model also underscores that WNEB has a P/CF ratio of 5.71. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 11.88. Within the past 12 months, WNEB's P/CF has been as high as 9.03 and as low as 5.61, with a median of 7.09.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Western New England Bancorp is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, WNEB feels like a great value stock at the moment.