Western New England Bancorp’s (WNEB) “Hold” Rating Reaffirmed at Piper Jaffray Companies

Piper Jaffray Companies reiterated their hold rating on shares of Western New England Bancorp (NASDAQ:WNEB) in a report released on Tuesday, January 9th. They currently have a $11.50 target price on the financial services provider’s stock.

Several other analysts also recently commented on WNEB. BidaskClub downgraded shares of Western New England Bancorp from a hold rating to a sell rating in a research report on Saturday, January 6th. Zacks Investment Research reissued a hold rating on shares of Western New England Bancorp in a research report on Saturday, January 6th. Compass Point downgraded shares of Western New England Bancorp from a buy rating to a neutral rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reissued a hold rating and issued a $11.00 target price on shares of Western New England Bancorp in a research report on Tuesday, October 3rd. Finally, Sandler O’Neill assumed coverage on shares of Western New England Bancorp in a report on Tuesday, December 5th. They set a buy rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $11.80.

Western New England Bancorp (WNEB) opened at $11.05 on Tuesday. Western New England Bancorp has a 1 year low of $9.00 and a 1 year high of $11.10. The company has a market cap of $340.53, a P/E ratio of 22.55 and a beta of 0.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42.

Western New England Bancorp (NASDAQ:WNEB) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. Western New England Bancorp had a net margin of 18.20% and a return on equity of 5.95%. equities analysts anticipate that Western New England Bancorp will post 0.53 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd acquired a new position in Western New England Bancorp during the 2nd quarter valued at $117,000. 1st Global Advisors Inc. raised its stake in Western New England Bancorp by 1.0% during the 2nd quarter. 1st Global Advisors Inc. now owns 11,655 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 117 shares during the last quarter. Voya Investment Management LLC acquired a new position in Western New England Bancorp during the 2nd quarter valued at $119,000. SG Americas Securities LLC acquired a new position in Western New England Bancorp during the 3rd quarter valued at $186,000. Finally, Alliancebernstein L.P. acquired a new position in Western New England Bancorp during the 2nd quarter valued at $191,000. 56.72% of the stock is owned by institutional investors and hedge funds.

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About Western New England Bancorp

Western New England Bancorp, Inc, formerly Westfield Financial, Inc, is a Massachusetts-chartered stock holding company. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products.

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