Western New England Bancorp Inc (WNEB) Receives $11.83 Average Price Target from Analysts

Western New England Bancorp Inc (NASDAQ:WNEB) has earned a consensus rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $11.83.

Several brokerages recently commented on WNEB. Zacks Investment Research downgraded shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 26th. BidaskClub downgraded shares of Western New England Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. Piper Jaffray Companies reiterated a “hold” rating and set a $11.50 price target on shares of Western New England Bancorp in a report on Tuesday, January 9th. Finally, Sandler O’Neill began 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 target on the stock.

Shares of Western New England Bancorp (WNEB) traded up $0.05 during trading hours on Friday, reaching $10.05. 37,300 shares of the company traded hands, compared to its average volume of 36,302. 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 company has a debt-to-equity ratio of 0.42, a current ratio of 0.96 and a quick ratio of 0.96.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.59%. This is a boost from Western New England Bancorp’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, February 13th. Western New England Bancorp’s payout ratio is 39.03%.

Institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new stake in Western New England Bancorp in the 2nd quarter valued at about $117,000. 1st Global Advisors Inc. boosted its position in 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 valued at $118,000 after buying an additional 117 shares during the period. Voya Investment Management LLC purchased a new stake in Western New England Bancorp in the 2nd quarter valued at about $119,000. SG Americas Securities LLC purchased a new stake in Western New England Bancorp in the 3rd quarter valued at about $186,000. Finally, Alliancebernstein L.P. purchased a new stake in Western New England Bancorp in the 2nd quarter valued at about $191,000. 56.65% of the stock is owned by institutional investors.

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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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