Western New England Bancorp, Inc.
Western New England Bancorp, Inc. (NASDAQ: WNEB) is trading at $13.83, about ₹1,329 at today's USD/INR rate, as of 29 Sep 2026, 4:00 PM ET, down 1.00% today. Indian residents can buy Western New England Bancorp from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$13.81
Today's high
$14.07
52 week low
$10.78
52 week high
$15.01
WNEB opened at $14.05, closed previously at $13.97, and has traded between $10.78 and $15.01 over the past 52 weeks.
About
Western New England Bancorp, Inc. (WNEB) functions as the parent entity for Westfield Bank, which delivers a comprehensive suite of commercial and retail banking solutions designed for both individual clients and businesses. The bank offers various options for customers to hold their funds, including checking accounts, diverse savings accounts (such as those for businesses, municipalities, money market, sweep, and individual retirement plans), as well as time deposits, certificates of deposit, and interest on lawyers trust accounts. WNEB also provides a wide range of lending products. These encompass financing for residential and commercial real estate, commercial construction, working capital, equipment acquisition, and term loans. Additionally, it offers home equity and consumer loans, alongside commercial and industrial loans, which feature options like revolving lines of credit. Beyond these core services, the company facilitates transactions through automated teller machines (ATMs), telephone and online banking platforms, remote deposit capture, and cash management solutions. Other conveniences include overdraft protection, safe deposit box facilities, and night deposit services. As of December 31, 2021, its operational footprint included 25 brick-and-mortar banking locations, supported by 23 permanent standalone ATMs and 35 seasonal or temporary ATMs. These facilities are strategically placed throughout various communities in Massachusetts (namely Agawam, Chicopee, Feeding Hills, East Longmeadow, Holyoke, Huntington, Ludlow, South Hadley, Southwick, Springfield, Ware, West Springfield, and Westfield) and Connecticut (including Bloomfield, Enfield, Granby, and West Hartford). The corporation was formerly recognized as Westfield Financial, Inc. before officially changing its name to Western New England Bancorp, Inc. in October 2016. WNEB was founded in 1853 and maintains its headquarters in Westfield, Massachusetts.
Key statistics
Avg. volume
52.79K
Market cap
$278.33M
P/E Ratio
16.46
Price-to-sales ratio
2.62
Enterprise value
$321.08M
Free cash flow yield
6.77%
Debt-to-equity ratio
0.25
Return on equity
6.17%
ROIC
3.97%
Beta
0.76
Dividend yield
2.02%
Last dividend
$0.28
Financial overview
Revenue
$129.83M
Earnings per share
$0.76
Free cash flow
$17.14M
Net profit margin
15.74%
Gross margin
54.90%
EBITDA
$21.19M
Revenue growth
5.77%
Similar securities
This is not an investment recommendation
How to buy Western New England Bancorp from India
Indian residents can buy Western New England Bancorp shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Western New England Bancorp and place an order
Find Western New England Bancorp by name or by its ticker, WNEB, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Western New England Bancorp trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Western New England Bancorp position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Western New England Bancorp from India
Trading and taxes when buying Western New England Bancorp from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Western New England Bancorp’s current yield is 2.02%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Western New England Bancorp stock?
Yes. Western New England Bancorp (WNEB) has been listed on NASDAQ since 2002, in the Banks - Regional industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Western New England Bancorp share cost in rupees?
One Western New England Bancorp share is $13.83 — about ₹1,329 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Western New England Bancorp price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Western New England Bancorp from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Western New England Bancorp?
Yes. One Western New England Bancorp share is $13.83, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Western New England Bancorp.
How are gains on Western New England Bancorp shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Western New England Bancorp price. Paasa issues a capital-gains statement for your return.
Does Western New England Bancorp pay a dividend, and how is it taxed in India?
Yes. Western New England Bancorp pays a dividend and the current yield is 2.02%; the last declared dividend was $0.28 per share, about ₹26.90. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Western New England Bancorp from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Western New England Bancorp shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Western New England Bancorp shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Western New England Bancorp holding, its cost and its closing value.
How do I sell Western New England Bancorp and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.