Western New England Bancorp Inc (NASDAQ:WNEB) has been given an average rating of “Hold” by the eight analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $11.83.
A number of brokerages have issued reports on WNEB. Zacks Investment Research upgraded shares of Western New England Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Sunday, January 21st. Compass Point downgraded shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. Piper Jaffray Companies restated a “hold” rating and issued a $11.50 target price on shares of Western New England Bancorp in a report on Tuesday, January 9th. BidaskClub upgraded shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Sandler O’Neill began coverage on shares of Western New England Bancorp in a report on Tuesday, December 5th. They issued a “buy” rating and a $13.00 target price on the stock.
Several institutional investors have recently bought and sold shares of WNEB. Dynamic Technology Lab Private Ltd bought a new stake in shares of Western New England Bancorp in the 2nd quarter worth about $117,000. 1st Global Advisors Inc. increased its holdings in shares of Western New England Bancorp by 1.0% in the 2nd quarter. 1st Global Advisors Inc. now owns 11,655 shares of the financial services provider’s stock worth $118,000 after buying an additional 117 shares during the last quarter. Voya Investment Management LLC bought a new stake in shares of Western New England Bancorp in the 2nd quarter worth about $119,000. SG Americas Securities LLC bought a new stake in shares of Western New England Bancorp in the 3rd quarter worth about $186,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Western New England Bancorp in the 2nd quarter worth about $191,000. Hedge funds and other institutional investors own 56.65% of the company’s stock.
Shares of Western New England Bancorp (NASDAQ:WNEB) traded up $0.05 during midday trading on Friday, reaching $10.05. 37,300 shares of the company’s stock were exchanged, compared to its average volume of 36,302. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $304.87, a P/E ratio of 20.00 and a beta of 0.35. Western New England Bancorp has a one year low of $9.30 and a one year high of $11.25.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from Western New England Bancorp’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.59%. Western New England Bancorp’s payout ratio is 39.03%.
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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.
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