Western New England Bancorp (WNEB) Earns “Hold” Rating from Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their hold rating on shares of Western New England Bancorp (NASDAQ:WNEB) in a research report released on Tuesday. The firm currently has a $11.50 target price on the financial services provider’s stock.

WNEB has been the subject of a number of other reports. Zacks Investment Research upgraded Western New England Bancorp from a hold rating to a buy rating and set a $12.00 price objective for the company in a research note on Tuesday, October 31st. Compass Point downgraded Western New England Bancorp from a buy rating to a neutral rating in a research note on Wednesday, October 18th. BidaskClub upgraded Western New England Bancorp from a sell rating to a hold rating in a research note on Thursday, December 7th. Sandler O’Neill started coverage on Western New England Bancorp in a research note on Tuesday, December 5th. They set a buy rating and a $13.00 price objective for the company. Finally, Keefe, Bruyette & Woods restated 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Western New England Bancorp has a consensus rating of Hold and a consensus price target of $11.80.

Shares of Western New England Bancorp (NASDAQ:WNEB) traded up $0.05 on Tuesday, reaching $10.95. The company had a trading volume of 42,773 shares, compared to its average volume of 41,400. The company has a market cap of $337.44, a P/E ratio of 22.35 and a beta of 0.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.96. Western New England Bancorp has a 52-week low of $9.00 and a 52-week high of $11.10.

Several large investors have recently added to or reduced their stakes in the company. Dalton Greiner Hartman Maher & Co. grew its stake in shares of Western New England Bancorp by 26.9% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 220,081 shares of the financial services provider’s stock worth $2,399,000 after purchasing an additional 46,708 shares in the last quarter. Royce & Associates LP grew its stake in shares of Western New England Bancorp by 31.5% in the third quarter. Royce & Associates LP now owns 354,454 shares of the financial services provider’s stock worth $3,864,000 after purchasing an additional 85,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Western New England Bancorp by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,994,548 shares of the financial services provider’s stock worth $21,741,000 after purchasing an additional 57,988 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Western New England Bancorp by 42.2% in the third quarter. Wells Fargo & Company MN now owns 35,603 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 10,557 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Western New England Bancorp in the third quarter worth $186,000. 56.72% of the stock is owned by institutional investors.

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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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