Shares of Western New England Bancorp Inc (NASDAQ:WNEB) hit a new 52-week low during trading on Wednesday . The stock traded as low as $9.70 and last traded at $9.75, with a volume of 91342 shares trading hands. The stock had previously closed at $9.92.

Several analysts have recently commented on WNEB shares. Sandler O’Neill downgraded Western New England Bancorp from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research note on Wednesday, July 25th. Zacks Investment Research downgraded Western New England Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, BidaskClub upgraded Western New England Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Western New England Bancorp currently has a consensus rating of “Hold” and an average target price of $11.88.

The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.93. The company has a market cap of $287.59 million, a P/E ratio of 19.20 and a beta of 0.35.

Western New England Bancorp (NASDAQ:WNEB) last issued its earnings results on Tuesday, October 23rd. The financial services provider reported $0.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The company had revenue of $16.90 million during the quarter, compared to the consensus estimate of $17.49 million. Western New England Bancorp had a return on equity of 6.60% and a net margin of 14.03%. On average, equities research analysts forecast that Western New England Bancorp Inc will post 0.56 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $0.16 annualized dividend and a dividend yield of 1.67%. Western New England Bancorp’s dividend payout ratio is presently 32.00%.

In other news, Director Philip R. Smith bought 4,000 shares of Western New England Bancorp stock in a transaction dated Monday, October 29th. The stock was bought at an average cost of $10.29 per share, for a total transaction of $41,160.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.35% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System lifted its position in Western New England Bancorp by 7.5% in the 2nd quarter. California Public Employees Retirement System now owns 78,716 shares of the financial services provider’s stock valued at $866,000 after acquiring an additional 5,510 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Western New England Bancorp by 119.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,990 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 6,520 shares in the last quarter. Royce & Associates LP lifted its position in Western New England Bancorp by 1.7% in the 3rd quarter. Royce & Associates LP now owns 500,154 shares of the financial services provider’s stock valued at $5,402,000 after acquiring an additional 8,400 shares in the last quarter. Citadel Advisors LLC bought a new position in Western New England Bancorp in the 3rd quarter valued at about $114,000. Finally, BlackRock Inc. lifted its position in Western New England Bancorp by 0.6% in the 3rd quarter. BlackRock Inc. now owns 2,231,714 shares of the financial services provider’s stock valued at $24,102,000 after acquiring an additional 14,048 shares in the last quarter. 55.27% of the stock is currently owned by institutional investors and hedge funds.

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Western New England Bancorp Company Profile (NASDAQ:WNEB)

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides community banking products and services to individuals and businesses. The company accepts various deposit accounts, including time deposits, money market accounts, savings accounts, demand accounts, and interest bearing checking accounts.

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