BidaskClub cut shares of Western New England Bancorp (NASDAQ:WNEB) from a hold rating to a sell rating in a report published on Saturday morning.

A number of other equities analysts have also recently weighed in on the stock. Sandler O’Neill assumed coverage on shares of Western New England Bancorp in a research report on Tuesday, December 5th. They set a buy rating and a $13.00 price target on the stock. Zacks Investment Research cut shares of Western New England Bancorp from a buy rating to a hold rating in a research report on Friday, November 10th. Piper Jaffray Companies cut shares of Western New England Bancorp from an overweight rating to a neutral rating and set a $10.50 price target on the stock. in a research report on Friday, November 3rd. Compass Point lowered shares of Western New England Bancorp from a buy rating to a neutral rating in a report on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $11.00 price objective on shares of Western New England Bancorp in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $11.80.

Shares of Western New England Bancorp (WNEB) traded up $0.05 during midday trading on Friday, hitting $10.95. 28,320 shares of the stock were exchanged, compared to its average volume of 41,183. The company has a market capitalization of $337.44, a PE ratio of 22.35 and a beta of 0.39. Western New England Bancorp has a 52 week low of $9.00 and a 52 week high of $11.10. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42.

Several large investors have recently modified their holdings of the stock. Dalton Greiner Hartman Maher & Co. raised its holdings in shares of Western New England Bancorp by 26.9% during 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 acquiring an additional 46,708 shares during the period. Royce & Associates LP raised 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 worth $3,864,000 after acquiring an additional 85,000 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 worth $21,741,000 after acquiring an additional 57,988 shares during the period. Wells Fargo & Company MN raised its holdings 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 worth $388,000 after acquiring an additional 10,557 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Western New England Bancorp during the third quarter worth $186,000. Institutional investors and hedge funds 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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