Piper Jaffray Companies Reaffirms Hold Rating for Western New England Bancorp (WNEB)

Piper Jaffray Companies restated their hold rating on shares of Western New England Bancorp (NASDAQ:WNEB) in a research report report published on Tuesday. They currently have a $11.50 price target on the financial services provider’s stock.

A number of other analysts also recently commented on WNEB. BidaskClub downgraded Western New England Bancorp from a hold rating to a sell rating in a research report on Saturday, January 6th. Zacks Investment Research restated a hold rating on shares of Western New England Bancorp in a research report on Saturday, January 6th. Compass Point downgraded Western New England Bancorp from a buy rating to a neutral rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods restated a hold rating and issued a $11.00 price objective on shares of Western New England Bancorp in a research report on Tuesday, October 3rd. Finally, Sandler O’Neill assumed coverage on Western New England Bancorp in a research report on Tuesday, December 5th. They issued a buy rating and a $13.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $11.80.

Western New England Bancorp (WNEB) traded up $0.05 on Tuesday, reaching $11.00. The company’s stock had a trading volume of 61,500 shares, compared to its average volume of 43,912. 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 stock has a market capitalization of $337.44, a P/E ratio of 22.45 and a beta of 0.39. Western New England Bancorp has a one year low of $9.00 and a one year high of $11.10.

Several large investors have recently modified their holdings of the company. Dalton Greiner Hartman Maher & Co. lifted its position in shares of Western New England Bancorp by 26.9% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 220,081 shares of the financial services provider’s stock valued at $2,399,000 after acquiring an additional 46,708 shares in the last quarter. Royce & Associates LP lifted its position in Western New England Bancorp by 31.5% during the third quarter. Royce & Associates LP now owns 354,454 shares of the financial services provider’s stock worth $3,864,000 after buying an additional 85,000 shares during the period. Dimensional Fund Advisors LP lifted its position in Western New England Bancorp by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,994,548 shares of the financial services provider’s stock worth $21,741,000 after buying an additional 57,988 shares during the period. Wells Fargo & Company MN lifted its position in Western New England Bancorp by 42.2% during the third quarter. Wells Fargo & Company MN now owns 35,603 shares of the financial services provider’s stock worth $388,000 after buying an additional 10,557 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Western New England Bancorp during the third quarter worth about $186,000. Institutional investors and hedge funds own 56.72% of the company’s stock.

WARNING: This report was first reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://transcriptdaily.com/2018/01/12/piper-jaffray-companies-reaffirms-hold-rating-for-western-new-england-bancorp-wneb.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