Western New England Bancorp Inc (WNEB) Given Consensus Rating of “Hold” by Analysts

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%.

WARNING: “Western New England Bancorp Inc (WNEB) Given Consensus Rating of “Hold” by Analysts” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2018/02/15/western-new-england-bancorp-inc-wneb-given-consensus-rating-of-hold-by-analysts.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.

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

Leave a Reply