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. The brokerage currently has a $12.00 price target on the financial services provider’s stock.

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 a number of other reports. Piper Jaffray Companies cut 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 report on Friday, November 3rd. BidaskClub cut shares of Western New England Bancorp from a hold rating to a sell rating in a report on Saturday, December 16th. Sandler O’Neill assumed 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. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $11.00 target price on shares of Western New England Bancorp in a report on Tuesday, October 3rd. Finally, Compass Point cut shares of Western New England Bancorp from a buy rating to a neutral rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Western New England Bancorp has an average rating of Hold and a consensus price target of $11.80.

Shares of Western New England Bancorp (NASDAQ:WNEB) remained flat at $$11.05 during mid-day trading on Friday. 44,000 shares of the stock traded hands, compared to its average volume of 43,260. 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 capitalization of $338.51, a P/E ratio of 22.55 and a beta of 0.39. Western New England Bancorp has a 52-week low of $9.00 and a 52-week high of $11.25.

Western New England Bancorp (NASDAQ:WNEB) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. Western New England Bancorp had a net margin of 18.20% and a return on equity of 5.95%. research analysts predict that Western New England Bancorp will post 0.53 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. 1st Global Advisors Inc. raised its holdings 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 acquiring an additional 117 shares during the period. Wells Fargo & Company MN raised its holdings in Western New England Bancorp by 2.0% in the 2nd quarter. Wells Fargo & Company MN now owns 25,046 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 491 shares during the period. Nationwide Fund Advisors raised its holdings in Western New England Bancorp by 9.5% in the 2nd quarter. Nationwide Fund Advisors now owns 19,793 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 1,725 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Western New England Bancorp by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,189 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 1,873 shares during the period. Finally, Brandywine Global Investment Management LLC raised its holdings in Western New England Bancorp by 2.3% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 90,731 shares of the financial services provider’s stock valued at $921,000 after acquiring an additional 2,074 shares during the period. 56.72% of the stock is currently owned by hedge funds and other institutional investors.

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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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