Western New England Bancorp (WNEB) Given Consensus Rating of “Hold” by Analysts

Shares of Western New England Bancorp (NASDAQ:WNEB) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $11.50.

A number of analysts recently issued reports on the company. Zacks Investment Research raised Western New England Bancorp from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday. Compass Point cut Western New England Bancorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reaffirmed 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. ValuEngine cut Western New England Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $11.50 price objective on shares of Western New England Bancorp in a research report on Friday, July 28th.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Sunday, October 8th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, October 5th. Western New England Bancorp’s dividend payout ratio (DPR) is 24.49%.

TRADEMARK VIOLATION WARNING: “Western New England Bancorp (WNEB) Given Consensus Rating of “Hold” by Analysts” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.com-unik.info/2017/11/02/western-new-england-bancorp-wneb-given-consensus-rating-of-hold-by-analysts.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new position in Western New England Bancorp in the 2nd quarter valued at approximately $117,000. 1st Global Advisors Inc. increased its stake 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 purchasing an additional 117 shares in the last quarter. Voya Investment Management LLC purchased a new position in Western New England Bancorp in the 2nd quarter valued at approximately $119,000. American International Group Inc. increased its stake in Western New England Bancorp by 49.6% in the 1st quarter. American International Group Inc. now owns 13,691 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 4,540 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in Western New England Bancorp by 32.5% in the 1st quarter. Nationwide Fund Advisors now owns 18,068 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 4,428 shares in the last quarter. 55.83% of the stock is owned by hedge funds and other institutional investors.

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.

What are top analysts saying about Western New England Bancorp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Western New England Bancorp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit