Western New England Bancorp (NASDAQ:WNEB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “Western New England Bancorp, Inc. provides banking services. The Company offers personal checking accounts, loans, eBanking services, commercial loans, money market accounts, wealth management, retirement planning and other related financial services. Western New England Bancorp, Inc., formerly known as Westfield Financial, Inc., is based in Westfield, MA. “

WNEB has been the subject of a number of other research reports. Compass Point lowered shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 18th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $11.50 price objective on shares of Western New England Bancorp in a research note on Friday, July 28th. ValuEngine raised shares of Western New England Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Western New England Bancorp in a research note on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $11.25.

Western New England Bancorp (NASDAQ:WNEB) opened at $10.10 on Friday. Western New England Bancorp has a 52 week low of $8.02 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 has a market cap of $309.40, a P/E ratio of 20.20 and a beta of 0.39.

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Several institutional investors have recently added to or reduced their stakes in WNEB. Dynamic Technology Lab Private Ltd bought a new position in shares of Western New England Bancorp during the 2nd quarter valued at $117,000. 1st Global Advisors Inc. raised its holdings in shares of 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 valued at $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 during the 2nd quarter valued at $119,000. American International Group Inc. raised its holdings in shares of Western New England Bancorp by 49.6% during the 1st quarter. American International Group Inc. now owns 13,691 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 4,540 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Western New England Bancorp during the 3rd quarter valued at $186,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

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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