Somewhat Positive Press Coverage Somewhat Unlikely to Impact Western New England Bancorp (WNEB) Share Price

Press coverage about Western New England Bancorp (NASDAQ:WNEB) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western New England Bancorp earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 44.9883000249013 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.00 price objective on shares of Western New England Bancorp in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Piper Jaffray Companies reissued a “hold” rating and set a $11.50 price objective on shares of Western New England Bancorp in a research report on Tuesday. BidaskClub downgraded shares of Western New England Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, Sandler O’Neill assumed coverage on shares of Western New England Bancorp in a research report on Tuesday, December 5th. They set a “buy” rating and a $13.00 price objective for the company. 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.80.

Shares of Western New England Bancorp (NASDAQ WNEB) opened at $11.05 on Friday. Western New England Bancorp has a 12-month low of $9.00 and a 12-month high of $11.10. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. The stock has a market cap of $336.98, a price-to-earnings ratio of 22.55 and a beta of 0.39.

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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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