Western New England Bancorp (WNEB) Downgraded by BidaskClub

BidaskClub downgraded shares of Western New England Bancorp (NASDAQ:WNEB) from a hold rating to a sell rating in a research report released on Saturday, December 16th.

Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Western New England Bancorp from a hold rating to a buy rating and set a $12.00 price target on the stock in a research note on Tuesday, October 31st. Compass Point lowered Western New England Bancorp from a buy rating to a neutral rating in a research note on Wednesday, October 18th. Sandler O’Neill assumed coverage on Western New England Bancorp in a research note on Tuesday, December 5th. They issued a buy rating and a $13.00 price target on the stock. Piper Jaffray Companies lowered Western New England Bancorp from an overweight rating to a neutral rating and set a $10.50 price objective on the stock. in a research report on Friday, November 3rd. 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 report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Western New England Bancorp currently has a consensus rating of Hold and a consensus target price of $11.80.

Shares of Western New England Bancorp (WNEB) traded up $0.05 during midday trading on Friday, reaching $11.00. The company’s stock had a trading volume of 61,521 shares, compared to its average volume of 43,915. The firm has a market cap of $337.44, a PE ratio of 22.45 and a beta of 0.39. 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 52-week low of $9.00 and a 52-week high of $11.10.

Several large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in Western New England Bancorp during the 2nd quarter worth approximately $117,000. 1st Global Advisors Inc. raised its stake in 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 worth $118,000 after buying an additional 117 shares during the period. Voya Investment Management LLC acquired a new position in Western New England Bancorp during the 2nd quarter worth approximately $119,000. SG Americas Securities LLC acquired a new position in Western New England Bancorp during the 3rd quarter worth approximately $186,000. Finally, Alliancebernstein L.P. acquired a new position in Western New England Bancorp during the 2nd quarter worth approximately $191,000. 56.72% of the stock is currently owned by institutional investors.

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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.

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