Sandler O’Neill assumed coverage on shares of Western New England Bancorp (NASDAQ:WNEB) in a research report report published on Tuesday morning. The brokerage issued a buy rating and a $13.00 target price on the financial services provider’s stock.

Several other research analysts have also recently weighed in on WNEB. Zacks Investment Research upgraded Western New England Bancorp from a sell rating to a hold rating in a research report on Thursday, September 28th. Keefe, Bruyette & Woods reiterated a hold rating and set a $11.00 price target on shares of Western New England Bancorp in a research report on Tuesday, October 3rd. Compass Point cut Western New England Bancorp from a buy rating to a neutral rating in a research report on Wednesday, October 18th. Finally, Piper Jaffray Companies cut Western New England Bancorp from an overweight rating to a neutral rating and set a $10.50 price target for the company. in a research report on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Western New England Bancorp has a consensus rating of Hold and an average price target of $11.60.

Western New England Bancorp (NASDAQ:WNEB) traded up $0.15 during trading on Tuesday, hitting $10.85. The company had a trading volume of 324,900 shares, compared to its average volume of 76,128. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.96 and a quick ratio of 0.96. Western New England Bancorp has a 12-month low of $8.35 and a 12-month high of $11.10. The firm has a market capitalization of $327.79, a P/E ratio of 21.40 and a beta of 0.39.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Sunday, October 8th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.11%. The ex-dividend date was Thursday, October 5th. Western New England Bancorp’s dividend payout ratio is currently 24.49%.

Hedge funds have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. increased its position in shares of Western New England Bancorp by 129.4% in the second quarter. Deprince Race & Zollo Inc. now owns 545,058 shares of the financial services provider’s stock valued at $5,532,000 after buying an additional 307,414 shares in the last quarter. Monarch Partners Asset Management LLC increased its position in shares of Western New England Bancorp by 585.6% in the second quarter. Monarch Partners Asset Management LLC now owns 287,550 shares of the financial services provider’s stock valued at $2,919,000 after buying an additional 245,610 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Western New England Bancorp by 8.7% in the second quarter. Renaissance Technologies LLC now owns 1,374,409 shares of the financial services provider’s stock valued at $13,950,000 after buying an additional 109,500 shares in the last quarter. Royce & Associates LP increased its position 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 valued at $3,864,000 after buying an additional 85,000 shares in the last quarter. Finally, Federated Investors Inc. PA increased its position in shares of Western New England Bancorp by 161.7% in the second quarter. Federated Investors Inc. PA now owns 122,537 shares of the financial services provider’s stock valued at $1,244,000 after buying an additional 75,718 shares in the last quarter. Institutional investors own 56.72% of the company’s stock.

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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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