Press coverage about Western New England Bancorp (NASDAQ:WNEB) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Western New England Bancorp earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.7486317846292 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Western New England Bancorp (WNEB) Rating Lowered to Neutral at Piper Jaffray Companies (americanbankingnews.com)
- Western New England Bancorp (WNEB) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Western New England Bancorp, Inc. – Value Analysis (NASDAQ:WNEB) : November 1, 2017 (finance.yahoo.com)
- Western New England Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : WNEB-US : October 31, 2017 (finance.yahoo.com)
- Western New England Bancorp (WNEB) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
Shares of Western New England Bancorp (NASDAQ WNEB) traded down $0.10 during midday trading on Monday, reaching $10.40. The company’s stock had a trading volume of 24,406 shares, compared to its average volume of 65,360. Western New England Bancorp has a fifty-two week low of $7.75 and a fifty-two week high of $11.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $323.58, a price-to-earnings ratio of 21.00 and a beta of 0.39.
The company 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 $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, October 5th. Western New England Bancorp’s payout ratio is presently 24.49%.
A number of analysts recently issued reports on WNEB shares. ValuEngine raised Western New England Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Piper Jaffray Companies restated a “buy” rating and issued a $11.50 target price on shares of Western New England Bancorp in a research note on Friday, July 28th. Zacks Investment Research lowered Western New England Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 target price on shares of Western New England Bancorp in a research note on Tuesday, October 3rd. Finally, Compass Point lowered 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 assigned a buy rating to the stock. Western New England Bancorp currently has an average rating of “Hold” and a consensus price target of $11.25.
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Western New England Bancorp Company Profile
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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