BidaskClub lowered shares of Western New England Bancorp (NASDAQ:WNEB) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Separately, Zacks Investment Research cut Western New England Bancorp from a buy rating to a hold rating in a research note on Saturday, October 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Western New England Bancorp currently has an average rating of Hold and a consensus price target of $11.88.

Western New England Bancorp stock opened at $9.77 on Wednesday. Western New England Bancorp has a 12 month low of $9.55 and a 12 month high of $11.25. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $284.66 million, a PE ratio of 17.66 and a beta of 0.34.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Tuesday, November 6th. Western New England Bancorp’s dividend payout ratio (DPR) is currently 32.00%.

In related news, Director Philip R. Smith purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was acquired at an average cost of $10.29 per share, for a total transaction of $41,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.35% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Royce & Associates LP boosted its stake in shares of Western New England Bancorp by 17.0% in the second quarter. Royce & Associates LP now owns 491,754 shares of the financial services provider’s stock valued at $5,409,000 after buying an additional 71,300 shares during the period. BlackRock Inc. boosted its stake in shares of Western New England Bancorp by 1.6% in the second quarter. BlackRock Inc. now owns 2,217,666 shares of the financial services provider’s stock valued at $24,393,000 after buying an additional 35,747 shares during the period. California Public Employees Retirement System boosted its stake in shares of Western New England Bancorp by 7.5% in the second quarter. California Public Employees Retirement System now owns 78,716 shares of the financial services provider’s stock valued at $866,000 after buying an additional 5,510 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Western New England Bancorp by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,196,685 shares of the financial services provider’s stock valued at $24,163,000 after buying an additional 35,140 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Western New England Bancorp by 7.0% in the second quarter. Renaissance Technologies LLC now owns 1,574,409 shares of the financial services provider’s stock valued at $17,318,000 after buying an additional 102,982 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

About Western New England Bancorp

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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