BidaskClub upgraded shares of Western New England Bancorp (NASDAQ:WNEB) from a sell rating to a hold rating in a research note released on Wednesday morning.

A number of other brokerages have also recently issued reports on WNEB. Zacks Investment Research upgraded shares of Western New England Bancorp from a sell rating to a hold rating in a report on Thursday, September 28th. Compass Point cut shares of Western New England Bancorp from a buy rating to a neutral rating in a report on Wednesday, October 18th. Keefe, Bruyette & Woods reiterated a hold rating and set a $11.00 price objective on shares of Western New England Bancorp in a report on Tuesday, October 3rd. Piper Jaffray Companies cut shares of Western New England Bancorp from an overweight rating to a neutral rating and set a $10.50 price objective for the company. in a report on Friday, November 3rd. Finally, Sandler O’Neill initiated coverage on shares of Western New England Bancorp in a report on Tuesday, December 5th. They set a buy rating and a $13.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $11.60.

Shares of Western New England Bancorp (NASDAQ WNEB) opened at $10.85 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.42. The company has a market cap of $337.44, a price-to-earnings ratio of 22.14 and a beta of 0.39. Western New England Bancorp has a twelve month low of $9.00 and a twelve month high of $11.10.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP grew its holdings in shares of Western New England Bancorp by 31.5% during 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Western New England Bancorp by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,994,548 shares of the financial services provider’s stock valued at $21,741,000 after purchasing an additional 57,988 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Western New England Bancorp by 42.2% during the third quarter. Wells Fargo & Company MN now owns 35,603 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 10,557 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Western New England Bancorp during the third quarter valued at about $186,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Western New England Bancorp during the second quarter valued at about $117,000. Hedge funds and other 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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