Western New England Bancorp (WNEB) Rating Reiterated by Zacks Investment Research

Zacks Investment Research reissued their hold rating on shares of Western New England Bancorp (NASDAQ:WNEB) in a research note issued to investors on Saturday morning.

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. “

WNEB has been the topic of several other reports. Piper Jaffray Companies downgraded shares of Western New England Bancorp from an overweight rating to a neutral rating and set a $10.50 target price on the stock. in a research note on Friday, November 3rd. BidaskClub downgraded shares of Western New England Bancorp from a hold rating to a sell rating in a research note on Saturday, December 16th. Sandler O’Neill began coverage on shares of Western New England Bancorp in a research note on Tuesday, December 5th. They set a buy rating and a $13.00 target price on the stock. Keefe, Bruyette & Woods reissued a hold rating and set a $11.00 target price on shares of Western New England Bancorp in a research note on Tuesday, October 3rd. Finally, Compass Point downgraded shares of Western New England Bancorp from a buy rating to a neutral rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $11.60.

Shares of Western New England Bancorp (NASDAQ:WNEB) opened at $10.95 on Friday. 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 one year low of $9.00 and a one year high of $11.10. The stock has a market cap of $330.85, a price-to-earnings ratio of 22.35 and a beta of 0.39.

Institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Western New England Bancorp during the 2nd quarter valued at $117,000. 1st Global Advisors Inc. grew its holdings in shares of 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 acquiring an additional 117 shares in the last quarter. Voya Investment Management LLC purchased a new position in shares of Western New England Bancorp during the 2nd quarter valued at $119,000. SG Americas Securities LLC purchased a new position in shares of Western New England Bancorp during the 3rd quarter valued at $186,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Western New England Bancorp during the 2nd quarter valued at $191,000. Institutional investors and hedge funds own 56.72% of the company’s stock.

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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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