Western New England Bancorp (WNEB) Lowered to “Neutral” at Piper Jaffray Companies

Piper Jaffray Companies downgraded shares of Western New England Bancorp (NASDAQ:WNEB) from an overweight rating to a neutral rating in a research note published on Friday morning. Piper Jaffray Companies currently has $10.50 price objective on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on WNEB. ValuEngine raised shares of Western New England Bancorp from a hold rating to a buy rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Western New England Bancorp from a hold rating to a sell rating in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $11.00 price objective on shares of Western New England Bancorp in a research note on Tuesday, October 3rd. Finally, Compass Point cut shares of Western New England Bancorp from a buy rating to a neutral rating in a research note on Wednesday, October 18th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Western New England Bancorp presently has an average rating of Hold and an average target price of $11.25.

Shares of Western New England Bancorp (NASDAQ WNEB) traded down $0.20 during midday trading on Friday, hitting $10.50. 159,154 shares of the stock were exchanged, compared to its average volume of 59,532. The firm has a market cap of $323.58, a PE ratio of 21.00 and a beta of 0.39. Western New England Bancorp has a twelve month low of $7.75 and a twelve month 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 0.47.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/11/05/western-new-england-bancorp-wneb-lowered-to-neutral-at-piper-jaffray-companies.html.

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 given a dividend of $0.03 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.14%. Western New England Bancorp’s dividend payout ratio (DPR) is 24.49%.

Large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Western New England Bancorp during the 2nd quarter valued at approximately $117,000. 1st Global Advisors Inc. lifted its position in shares of Western New England Bancorp by 1.0% during the 2nd quarter. 1st Global Advisors Inc. now owns 11,655 shares of the financial services provider’s stock valued at $118,000 after buying an additional 117 shares in the last quarter. Voya Investment Management LLC purchased a new position in shares of Western New England Bancorp during the 2nd quarter valued at approximately $119,000. American International Group Inc. lifted its position in shares of Western New England Bancorp by 49.6% during the 1st quarter. American International Group Inc. now owns 13,691 shares of the financial services provider’s stock valued at $144,000 after buying an additional 4,540 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its position in shares of Western New England Bancorp by 32.5% during the 1st quarter. Nationwide Fund Advisors now owns 18,068 shares of the financial services provider’s stock valued at $190,000 after buying an additional 4,428 shares in the last quarter. Hedge funds and other institutional investors own 55.83% of the company’s stock.

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