Western New England Bancorp (WNEB) Upgraded by BidaskClub to “Hold”

Western New England Bancorp (NASDAQ:WNEB) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday, December 7th.

Several other research firms have also recently weighed in on WNEB. Compass Point cut 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 report on Tuesday, October 3rd. Zacks Investment Research raised Western New England Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Sandler O’Neill initiated coverage on Western New England Bancorp in a report on Tuesday, December 5th. They set a “buy” rating and a $13.00 price target for the company. Finally, Piper Jaffray Companies lowered Western New England Bancorp from an “overweight” rating to a “neutral” rating and set a $10.50 price target for the company. in a report on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Western New England Bancorp currently has a consensus rating of “Hold” and a consensus price target of $11.60.

Western New England Bancorp (WNEB) traded down $0.10 during mid-day trading on Thursday, hitting $10.90. The stock had a trading volume of 47,929 shares, compared to its average volume of 93,799. Western New England Bancorp has a 52-week low of $9.00 and a 52-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 stock has a market capitalization of $335.90, a PE ratio of 22.24 and a beta of 0.39.

Several large investors have recently bought and sold shares of WNEB. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Western New England Bancorp in the second quarter worth about $117,000. 1st Global Advisors Inc. raised its position in Western New England Bancorp by 1.0% during the second quarter. 1st Global Advisors Inc. now owns 11,655 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 117 shares during the period. Voya Investment Management LLC purchased a new stake in Western New England Bancorp during the second quarter valued at approximately $119,000. SG Americas Securities LLC purchased a new stake in Western New England Bancorp during the third quarter valued at approximately $186,000. Finally, Alliancebernstein L.P. purchased a new stake in Western New England Bancorp during the second quarter valued at approximately $191,000. Institutional investors own 56.72% of the company’s stock.

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About Western New England Bancorp

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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