Western New England Bancorp Inc (NASDAQ:WNEB) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is $10.75.

Several equities analysts have recently weighed in on the company. Compass Point lowered Western New England Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Western New England Bancorp in a research note on Tuesday, October 3rd. Zacks Investment Research raised Western New England Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. ValuEngine lowered Western New England Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Piper Jaffray Companies lowered Western New England Bancorp from an “overweight” rating to a “neutral” rating and set a $10.50 price objective on the stock. in a research note on Friday, November 3rd.

Western New England Bancorp (WNEB) traded down $0.15 during midday trading on Monday, hitting $10.30. The stock had a trading volume of 62,900 shares, compared to its average volume of 75,432. The firm has a market cap of $317.41, a price-to-earnings ratio of 20.90 and a beta of 0.39. Western New England Bancorp has a fifty-two week low of $8.35 and a fifty-two week high of $11.10. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.42.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Sunday, October 8th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.17%. Western New England Bancorp’s payout ratio is currently 24.49%.

Several large investors have recently made changes to their positions in WNEB. American International Group Inc. raised its holdings in shares of Western New England Bancorp by 49.6% during the 1st quarter. American International Group Inc. now owns 13,691 shares of the financial services provider’s stock valued at $144,000 after buying an additional 4,540 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of Western New England Bancorp by 24.0% during the 1st quarter. TIAA CREF Investment Management LLC now owns 55,057 shares of the financial services provider’s stock valued at $578,000 after buying an additional 10,660 shares during the period. Vanguard Group Inc. raised its holdings in shares of Western New England Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 988,528 shares of the financial services provider’s stock valued at $10,379,000 after buying an additional 5,622 shares during the period. Geode Capital Management LLC raised its holdings in shares of Western New England Bancorp by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 222,774 shares of the financial services provider’s stock valued at $2,339,000 after buying an additional 3,209 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Western New England Bancorp by 104.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 39,100 shares of the financial services provider’s stock valued at $411,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 56.57% of the company’s stock.

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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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