Sandler O’Neill assumed coverage on shares of Western New England Bancorp (NASDAQ:WNEB) in a research note released on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $13.00 target price on the financial services provider’s stock.

WNEB has been the topic 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 target on the stock in a report on Tuesday, October 31st. Compass Point cut Western New England Bancorp from a buy rating to a neutral rating in a report on Wednesday, October 18th. Piper Jaffray Companies cut Western New England Bancorp from an overweight rating to a neutral rating and set a $10.50 target price on the stock. in a report on Friday, November 3rd. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $11.00 target price on shares of Western New England Bancorp in a report on Tuesday, October 3rd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $11.60.

Western New England Bancorp (NASDAQ WNEB) traded up $0.05 during trading on Tuesday, hitting $10.95. The company’s stock had a trading volume of 62,000 shares, compared to its average volume of 75,917. The company has a market cap of $333.91, a PE ratio of 21.80 and a beta of 0.39. Western New England Bancorp has a 52-week low of $8.35 and a 52-week high of $11.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.96 and a quick ratio of 0.96.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Sunday, October 8th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, October 5th. Western New England Bancorp’s dividend payout ratio is currently 24.49%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new position in shares of Western New England Bancorp in the 2nd quarter worth $117,000. 1st Global Advisors Inc. lifted its holdings in shares of Western New England Bancorp by 1.0% in the 2nd quarter. 1st Global Advisors Inc. now owns 11,655 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 117 shares in the last quarter. Voya Investment Management LLC bought a new position in shares of Western New England Bancorp in the 2nd quarter worth $119,000. SG Americas Securities LLC bought a new position in shares of Western New England Bancorp in the 3rd quarter worth $186,000. Finally, Alliancebernstein L.P. bought a new position in shares of Western New England Bancorp in the 2nd quarter worth $191,000. Institutional investors own 56.72% of the company’s stock.

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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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