Zacks Investment Research Downgrades Western New England Bancorp (WNEB) to Hold

Western New England Bancorp (NASDAQ:WNEB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, November 10th.

According to Zacks, “Western New England Bancorp, Inc. provides banking services. The Company offers personal checking accounts, loans, eBanking services, commercial loans, money market accounts, wealth management, retirement planning and other related financial services. Western New England Bancorp, Inc., formerly known as Westfield Financial, Inc., is based in Westfield, MA. “

Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.00 price objective on shares of Western New England Bancorp in a report on Tuesday, October 3rd. ValuEngine lowered shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Piper Jaffray Companies lowered shares of Western New England Bancorp from an “overweight” rating to a “neutral” rating and set a $10.50 target price for the company. in a report on Friday, November 3rd. Finally, Compass Point lowered shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of $11.25.

Shares of Western New England Bancorp (NASDAQ WNEB) traded up $0.20 on Friday, reaching $10.75. 51,200 shares of the company’s stock were exchanged, compared to its average volume of 75,154. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.96. Western New England Bancorp has a twelve month low of $8.35 and a twelve month high of $11.10. The stock has a market cap of $320.13, a price-to-earnings ratio of 20.90 and a beta of 0.39.

Several large investors have recently added to or reduced their stakes in the company. 1st Global Advisors Inc. lifted its position in shares of Western New England Bancorp by 1.0% during the second quarter. 1st Global Advisors Inc. now owns 11,655 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 117 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Western New England Bancorp by 2.0% in the second quarter. Wells Fargo & Company MN now owns 25,046 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 491 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of Western New England Bancorp by 9.5% in the second quarter. Nationwide Fund Advisors now owns 19,793 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 1,725 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Western New England Bancorp by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 25,189 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 1,873 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its holdings in shares of Western New England Bancorp by 2.3% in the second quarter. Brandywine Global Investment Management LLC now owns 90,731 shares of the financial services provider’s stock valued at $921,000 after acquiring an additional 2,074 shares in the last quarter. Institutional investors and hedge funds own 56.72% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Zacks Investment Research Downgrades Western New England Bancorp (WNEB) to Hold” was first posted by BBNS and is the property of of BBNS. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://baseballnewssource.com/markets/zacks-investment-research-lowers-western-new-england-bancorp-wneb-to-hold/1774691.html.

Western New England Bancorp Company Profile

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.

Get a free copy of the Zacks research report on Western New England Bancorp (WNEB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Western New England Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western New England Bancorp Inc and related companies with our FREE daily email newsletter.

 


Latest News

Phillies Sign Free Agent Carlos Santana
Phillies Sign Free Agent Carlos Santana
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle


Leave a Reply

 
© 2006-2017 BBNS.